Page 2 - Mudra Scheme

Loans worth Rs 18.60 trn sanctioned to 344 mn borrowers under PMMY in 7 yrs

Marking the seventh anniversary of Mudra scheme, PM Modi tweeted that the scheme has given an opportunity to countless Indians to showcase their entrepreneurial skills and become job creators

At UNSC, India highlights govt initiatives like Mudra to empower women

Highlighting the initiatives taken by the Indian government for women empowerment, India on Tuesday said it offers a unique template for gender-sensitive governance and equal access to education

PM Modi transfers Rs 1,000 crore to self-help groups at UP rally

He released over Rs 20 crore to over 0.1 million beneficiaries of the 'Mukhya Mantri Kanya Sumangala Scheme'

Govt cuts Mudra loans target in FY22, rules out fresh PSB merger proposal

Mudra scheme target set at Rs 3 trillion for FY22 as against Rs 3.21 trillion sanctioned in FY21

Loans of Rs 14.96 lakh crore sanctioned since launch of PM Mudra scheme

According to the Centre, more than 28.68 crore loans for an amount of Rs 14.96 lakh crore have been sanctioned by banks, NBFCs and MFIs since the launch of PMMY

New credit guarantee scheme will help India Inc revive, expand: CEOs

Say stimulus measures will spur economic activity, especially in construction and infra sector

Worries as NPAs under Mudra scheme rise to 5% for public sector banks

The NPAs of public sector banks (PSBs) under the Mudra scheme stood at 4.9 per cent in 2019-20 - a big jump from 3.7 per cent in 2018-19 and 3.4 per cent in 2017-18

NBFC industry body writes to FM to include individuals under ECLGS scheme

Says more than 75% of customers take loans in their individual names as they do not have any business establishment or partnerships and are compelled to conduct their businesses in individual names

ECLGS: NBFC body seeks addition to list of individuals seeking assistance

FIDC said the assistance to eligible individual borrowers under ECLGS is just limited to loans given under MUDRA scheme

Govt approves 2% interest subvention scheme for small Mudra borrowers

Benefit will be applicable for 12 months to all loan accounts under 'Sishu' category of Mudra scheme, provided they have not been classified as NPA as of March 31, 2020

Cooperative banks to be supervised by RBI; govt to bring an ordinance

All govt banks, including urban and multi-state cooperative banks will be brought under the supervisory powers of the RBI

Decade in review: How state-owned banks rose to the occasion amid crisis

At the start of the decade, the government was busy infusing stimulus packages to revive various sectors affected by the global credit crisis

SFBs slow in MUDRA credit offtake in Odisha, extend just 2% of total loans

Have disbursed just Rs 135 cr out of a total assistance of Rd 6,492 cr; Private sector lenders eclipse all banks

Trinamool MP demands rollback of Mudra scheme, cites rising NPAs

The Mudra Yojana was launched in 2015 for providing small loans to income generating small enterprises in manufacturing and services

Nearly 3% of Rs 6 trn loans sanctioned under Mudra scheme turned bad: Govt

Prime Minister Narendra Modi launched the PMMY on April 8, 2015, for providing collateral free loans of up to Rs 10 lakh to non-corporate, non-farm small/micro enterprises

Letter to BS: Bankers should not be the only ones blamed for rising NPAs

With the new dispensation at the Centre and steps taken to clean up the banking system, it was expected the era of directed lending was over

Labour ministry seeks hike in loan ceiling under Mudra, writes to FinMin

Writes to finance ministry for changes in scheme to boost employment, remove disparities

Mudra boost to employment: Beneficiaries of the scheme create 11 mn jobs

After taking benefit of the scheme, jobs increased by around 11 mn in these establishments

2% loans approved under Mudra turned NPAs, says Anurag Singh Thakur

Some of the reasons for NPAs are: First-time borrowers under Shishu category prioritising emergent needs, business failures, inefficiencies in lending practices

Demonetisation was no rash call; we missed the many hints months earlier

It would not be incorrect to assume that the government had been toying with the idea of demonetisation from as early as February 2016