Mudra Loans Current Affairs - 2020

MUDRA loan: Tamil Nadu Women top the list

According to the data provided by Ministry of Finance to Rajya Sabha, Tamil Nadu topped the list in availing loans to women. It was followed by West Bengal and Karnataka. Highlights According to the data produced by the Ministry of Finance, around 15 crore loans amounting to Rs 4.78 lakh crores were disbursed to women Read More…

Rajiv Kumar, former finance secretary appointed as Election Commissioner

On August 21, 2020, the former finance secretary was appointed as the Election Commissioner. The outgoing Election Commission Ashol Lavasa is to join the Asian Development Bank as its vice president. Highlights Mr Kumar has 30 years of experience in public policy and administration in several sectors. He holds LLB and BSc degrees along with Read More…

Rs 14,690 Crore disbursed under Emergency Credit Line Guarantee Scheme

On June 12, 2020, the Ministry of Finance announced that the public sector banks have so far disbursed Rs 14,690 crores for the MSMEs under the Emergency Credit Line Guarantee Scheme (ECLGS). Highlights The credit line of ECLGS is the biggest component of the economic package announced by the Finance Minister under Atma Nirbhar Bharat Read More…

Rs 20,000 lakh crore of Atma Nirbhar Bharat Abhiyan: Second Tranche Announced

On May 14, 2020, the Finance Minister Nirmala Sitaraman announced the second tranche of the Rs 20,000 lakh crore economic package under Atma Nirbhar Bharat Abhiyan. Highlights The second tranche of the economic package focuses on migrant workers, small traders, street vendors, self-employed. The second part of the scheme is to be implemented in nine Read More…

RBI raises concerns over bad loans from Mudra Yojana

The Reserve Bank of India on November 27, 2019 raised concerns over increasing bad loans from the Pradhan Mantri Mudra Yojana. RBI believes that there is an urgent need to monitor the loans sanctioned under Mudra Yojana. Concerns According to RBI, the percentage of MUDRA loans were at 2.52% in 2017-18, It has now raised Read More…