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The formation of the agency was initially announced in the 2015 Union budget of India in February 2015. [3] [4] It was formally launched on 8 April. [2] 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.
PM Mudra Yojana (PM Micro Units Development and Refinance Agency Scheme) CS MoF: 2015 Financing MUDRA is a financial institution for funding small businesses. [58] 34,42,00,000 beneficiaries have received ₹ 18.6 lakh crore (equivalent to ₹ 21 trillion or US$240 billion in 2023). [59] New entrepreneurs consist 22% of the beneficiaries. [60]
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.
Pradhan Mantri Awas Yojana (PMAY) is a credit-linked subsidy scheme by the Government of India to facilitate access to affordable housing for the low and moderate-income residents of the country. It envisaged a target of building 2 crore (20 million) affordable houses by 31 March 2022.
The PMGSY is under the authority of the Ministry of Rural Development and was begun on 25 December 2000. [6] It is fully funded by the central government. During November 2015, following the recommendations of the 14th Finance Commission, the Sub-Group of Chief Ministers on Rationalization of Centrally Sponsored Schemes, it was announced that the project will be funded by both the central ...
Download as PDF; Printable version ... also known as PM ... is an umbrella scheme of the Government of India announced in September 2018 to ensure a price policies ...
The premiership of Narendra Modi began 26 May 2014 with his swearing-in as the Prime Minister of India at the Rashtrapati Bhavan. He became the 14th Prime Minister of India, [1] succeeding Manmohan Singh of the Indian National Congress. Modi's first cabinet consisted of 45 ministers, 25 fewer than the previous United Progressive Alliance ...
It was formally launched by Prime Minister Narendra Modi on 9 May 2015 in Kolkata. [2] As of May 2015, only 20% of India's population has any kind of insurance, this scheme aims to increase the number. [3] Pradhan Mantri Jeevan Jyoti Bima Yojana is available to people between 18 and 50 years of age with bank accounts.