Pradhan Mantri Mudra Yojana Current Affairs - 2020

India to extend flagship jobs programmes in villages to cities

On September 2, 2020, the Government of India announced that it is to extend flagship jobs programme in villages to cities in order to help the workers left unemployed due to the pandemic. Highlights The programme when approved will initially be rolled out in smaller cities. This step is expected to cost 4.8 billion USD Read More…

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…

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…

RBI cautions on NPAs due to MUDRA Loans

The Reserve Bank of India (RBI) has voiced concern on the spike in non-performing assets (NPAs) under the government’s flagship scheme Pradhan Mantri Mudra Yojana to support micro-enterprises in the country. Disbursements under Pradhan Mantri Mudra Yojana The annual report of the Pradhan Mantri Mudra Yojana provides following data about the disbursements under the Pradhan Read More…