​Pradhan Mantri Mudra Yojana

  • On 25th October, 2024, in a bid to further support budding entrepreneurs, the government raised the loan limit under the Pradhan Mantri Mudra Yojana (PMMY) from Rs 10 lakh to Rs 20 lakh.
  • The decision aims to drive the programme's mission of "funding the unfunded" and provide greater financial assistance to small businesses across the country.
  • Announced by Finance Minister in the Union Budget for 2024-25 on July 23, 2024, this increase is part of the government’s ongoing efforts to enhance access to credit for micro and small enterprises.
  • As per the notification issued in this regard, the new category of ....
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