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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 ...
Multi-pronged scheme focusing on improving agricultural productivity through irrigation support and better practices. In 2022 financial outlay is ₹ 10,954 crore (equivalent to ₹ 120 billion or US$1.4 billion in 2023). [7] Part of Rashtriya Krishi Vikas Yojna. PM Mudra Yojana (PM Micro Units Development and Refinance Agency Scheme) CS MoF: 2015
In order to increase and support money supply to the MSE sector, it operates a refinance program known as Institutional Finance program. Under this program, SIDBI extends Term Loan assistance to Banks, Small Finance Banks and Non-Banking Financial Companies. Besides the refinance operations, SIDBI also lends directly to MSMEs. [8] [9]
The scheme has failed to improve the economic prosperity across states. "Poor usage of financial services" and "a rise in the number of dormant accounts" have been cited as the limitations of the scheme, with 30% of accounts remaining dormant. [66] Modi government launched the Pradhan Mantri Mudra Yojana (PMMY) in April 2015.
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.
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 ...
The Prime Minister's Farmer Income Protection Scheme (Hindi: प्रधानमंत्री अन्नदाता आय संरक्षण ...
China doubled farmer income in six years between 1978 and 1984. In the same time it reduced poverty by 50%. With respect to cutting poverty in half, India took three times the number of years—18 years between 1993 and 2011. [5]