National MSME Cluster Outreach Programme

Context: Recently launched by the Finance Minister, the National MSME Cluster Outreach Programme aims to increase access to financial services and support the nationwide growth of Micro, Small, and Medium Enterprises (MSMEs).

Organized By: This initiative is a collaborative effort of the Ministry of Finance, the Small Industries Development Bank of India (SIDBI), and the Department of Financial Services.

 

Tarun Plus Category under Pradhan Mantri Mudra Yojana (PMMY)

• Overview: The Tarun Plus category is a new loan segment under the PMMY, designed to support entrepreneurs with access to loans ranging from ₹10 lakh to ₹20 lakh.
• Loan Guarantee: Loans under this category are backed by the “Credit Guarantee Fund for Micro Units,” which provides guaranteed coverage, mitigating lender risk and encouraging lending to small enterprises.
• Objective: This category promotes entrepreneurship by enabling emerging entrepreneurs to grow and expand their businesses.
• Eligibility: To qualify for the Tarun Plus category, entrepreneurs must have previously availed and successfully repaid a loan under the Tarun category.