Credit Support For MSMEs, Mudra Loans Limit To Be Enhanced To ₹ 20 Lakh
Tuesday, 23 July 2024Newsdesk
Micro, Small, and Medium Enterprises (MSMEs) will now be able to avail loans up to ₹ 20 lakh instead of ₹ 10 lakh under the Mudra scheme.
New Delhi 23 July 2024
As per news report of NDTV,The government will double the upper limit of loans under the Mudra scheme, Finance Minister Nirmala Sitharaman announced while presenting the Budget 2024 today. She also announced a new mechanism for the continuation of bank credit to MSMEs during their stress period.
Source - NDTV
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