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Micro Units Development and Refinance Agency Bank (or MUDRA Bank) [1]) is a public sector financial institution in India. It provides loans at low rates to micro-finance institutions and non-banking financial institutions which then provide credit to MSMEs. It was launched by Prime Minister Narendra Modi on 8 April 2015. [2]
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]
Under this scheme, loans up to ₹ 1 million (US$12,000) are given for non-agricultural activities under the three categories: Shishu (loans up to ₹ 50,000 (US$590)); Kishore (loans from ₹ 50,000 (US$590) to ₹ 500,000 (US$5,900)) and Tarun (loans from ₹ 500,000 (US$5,900) to ₹ 1 million (US$12,000)). According to a report by the SKOCH ...
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 ...
A South Dakota man is facing murder and manslaughter charges after police say he killed a woman and decapitated her. According to court documents obtained by PEOPLE, Craig Allen Nichols Jr., 32 ...
Stand-Up India was launched by the Government of India on 5 April 2016 to support entrepreneurship among women and SC & ST communities. Stand Up India Loan Scheme is a government initiative launched by the Government of India in 2016 to promote entrepreneurship and facilitate bank loans to Scheduled Caste (SC) / Scheduled Tribe (ST) and women entrepreneurs in the country.