Microfinance

Loans

Government Doubles Loan Limit Under Pradhan Mantri Mudra Yojana to ₹20 Lakh

The Indian government has announced a significant increase in the loan limit under the Pradhan Mantri Mudra Yojana (PMMY), doubling it from ₹10 lakh to ₹20 lakh to foster entrepreneurship across the nation. This decision aims to further the Mudra Scheme’s core objective of financing those who previously lacked access to funds, as stated by the finance ministry on Friday.…