Tag Archives: financial literacy

Background: The Pradhan Mantri MUDRA Yojana (PMMY) was launched in 2015 to promote entrepreneurship by providing collateral-free micro-loans up to ₹10 lakh. Recent Changes: The Union Budget 2024 increased the loan ceiling to ₹20 lakh, specifically benefiting those under the Tarun category who had previously accessed MUDRA loans. Impact: The …

Context (TH): The Ministry of Education has provided a definition for ‘literacy’ and ‘full literacy’ as part of its efforts to enhance adult literacy through the New India Literacy Programme (NILP). New India Literacy Programme (NILP): A five-year initiative (2022-27) that aims to enroll 1 crore learners over the age …