Gov sets target of Rs. 3 lakh crore for lending MUDRA loan this fiscal, claims Jaitley


NC Network 

The Budget has given a big thrust to Medium, Small and Micro Enterprises (MSMEs) to boost employment and economic growth.  A sum of Rs. 3794 crore has been provided for giving credit support, capital and interest subsidy and for innovations. 

MUDRA Yojana launched in April, 2015 has led to sanction of Rs.4.6 lakh crore in credit from 10.38 crore MUDRA loans. 76% of loan accounts are of women and more than 50% belong to SCs, STs and OBCs.  


It is proposed to set a target of Rs.3 lakh crore for lending under MUDRA for 2018-19 after having successfully exceeded the targets in all previous years.      

Post a Comment

0 Comments