Pradhan Mantri Mudra Yojana Loan Limits Doubled
Government increases maximum Mudra Loan limit under the Tarun category to ₹20 Lakhs to support small business growth.
To foster self-employment and support micro-enterprises in expanding their scale of operations, the Government of India has doubled the funding limit of Pradhan Mantri Mudra Yojana (PMMY) loans. The limit under the 'Tarun' category has been increased from ₹10 Lakhs to ₹20 Lakhs for entrepreneurs who have successfully repaid their previous loans. These credit facilities are collateral-free and offered at competitive interest rates.
Key Takeaway for Citizens
Small business owners can now apply for collateral-free business loans up to ₹20 Lakhs.
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