Launched in 2015 to democratise access to finance, the Pradhan Mantri Mudra Yojana (PMMY) has emerged as a cornerstone of India’s entrepreneurial transformation, disbursing over ₹32.61 lakh crore in loans to more than 52 crore beneficiaries. The scheme has redefined the country’s credit space by shifting the focus from politically influenced corporate lending to empowering … Read more
The Parliamentary standing committee on finance has pitched for providing a credit card to MSME entrepreneurs on the lines of Kisan credit cards, putting in place a mechanism for payment scores and a significant ramp up of SIDBI to ensure access to regular credit to small businesses. Former minister of state for finance and chairman … Read more
At the same time, sanctioned amount too have surged past Rs 1.50 lakh crore at the end of August 18 under the 100 per cent ECLGS for micro, small and medium enterprises. The finance ministry on Thursday said banks have disbursed more than Rs 1 lakh crore under the Rs 3-lakh crore Emergency Credit Line … Read more