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The MUDRA banks were set up under the Pradhan Mantri MUDRA Yojana scheme. It will provide its services to small entrepreneurs outside the service area of regular banks, by using last mile agents. About 5.77 crore (57.6 million) small business have been identified as target clients using the NSSO survey of 2013. Only 4% of these businesses get ...
Micro Units Development & Refinance Agency (MUDRA) – for 'funding the unfunded' micro enterprises in the country; Receivable Exchange of India Ltd. (RXIL) [20] to enable faster realisation of receivables by MSMEs; SMERA Ratings Limited (SMERA) [19] – for credit rating of MSMEs, renamed as Acuite Ratings & Research Limited.; [21]
The first urea subsidy scheme was in 1977 in the form of Retention Price cum Subsidy scheme (RPS). From ₹ 4,389 crore (US$2.51 billion) in 1990 to ₹ 75,849 crore (US$17.43 billion) in 2008. As %ofGDP this is an increase from 0.8% to 1.5%. In 2022-23 financial outlay is ₹ 63,222 crore (equivalent to ₹ 710 billion or US$8.2 billion in 2023).
Pradhan Mantri Jan Dhan Yojana (transl. Prime Minister's Public Finance Scheme) is a financial inclusion program of the Government of India open to Indian citizens (minors of age 10 and older can also open an account with a guardian to manage it), that aims to expand affordable access to financial services such as bank accounts, remittances, credit, insurance and pensions.
It was launched as a central sector scheme in 2008–09 to promote self employment in the country through setting up micro enterprises. It is a credit linked subsidy scheme in which loans up to 25 lakh for manufacturing sector and up to 1000 Lakh for service sector is forwarded to the eligible beneficiaries for which subsidy of up to 35% is ...
The scheme has a target to train 1 crore Indian youth from 2016 to 2020. [159] As of 18 July 2016, 17.93 lakh candidates were trained out of 18 lakh who enrolled for the scheme. The aim of the PMKVY scheme is to encourage aptitude towards employable skills and to increase working efficiency of probable and existing daily wage earners, by giving ...
The features of Pradhan Mantri Awas Yojana are that the government will provide an interest subsidy of 6.5% (for EWS and LIG), 4% for MIG-I and 3% for MIG-II [11] [12] on housing loans availed by the beneficiaries for a period of 20 years under credit link subsidy scheme (CLSS) from the start of a loan. The houses under Pradhan Mantri Awas ...
Direct Benefit Transfer [a] or DBT is an attempt to change the mechanism of transferring subsidies launched by Government of India on 1 January 2013. This scheme or program aims to establish a Giro system to transfer subsidies directly to the people through their linked bank accounts.