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Government's Diwali gift to small entrepreneurs: Under PMMY you can get loan up to Rs 20 lakh
PMMY: Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2024-25 on July 23, 2024, said that the limit under the Pradhan Mantri Mudra Yojana (PMMY) will be increased from the current Rs 10 lakh to Rs 20 lakh. Its notification has now been issued by the government. Let us know in detail about this decision of the government in this report.
Under the Pradhan Mantri Mudra Yojana (PMMY), the government has doubled the loan limit to promote entrepreneurship in the country by Rs 20 lakh. On Friday, this statement was confirmed by the Finance Ministry. With this increment, the ministry said, we want to further the overall objective of the Mudra scheme." A notification was issued in this regard on Thursday.
While presenting the Union Budget 2024-25 on July 23, 2024, Finance Minister Nirmala Sitharaman said that the limit under the Pradhan Mantri Mudra Yojana (PMMY) will be enhanced from the present Rs 10 lakhs to Rs 20 lakhs.
"The limit of Mudra loan will be increased from the current Rs 10 lakh to Rs 20 lakh for an entrepreneur who has availed of a loan earlier under the 'Tarun' category and has successfully repaid the same," said Sitharaman while presenting the budget in Lok Sabha.
