Chinmaya IAS Academy – Current Affairs Chinmaya IAS Academy – Current Affairs

Tag Archives: micro-loans

MUDRA 2.0 Program

Editorials, Governance, Government Policy, National Affairs, Schemes, Socio Economic, Welfare 0

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 …

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