Interest Subvention Scheme for MUDRA - Shishu Loan
On 24th June, 2020, Union Cabinet approved a scheme for interest subvention of 2%for a period of 12 months, to allShishu loan accounts under Pradhan Mantri Mudra Yojana (PMMY) to eligible borrowers.
Need
- The ongoing COVID-19 crisis and the consequent lockdown has led to severe disruption of business for micro and small enterprises which are funded through Shishu Mudra loans.
- Small businesses typically function on thin operating margins, and the current lockdown has had a severe impact on their cash flows, jeopardizing their ability to service their loans.This could lead to default in repayment and have a resultant impact on ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Bharat Cleantech Manufacturing Platform
- 2 Five New Industrial Clusters from India join WEF Initiative
- 3 Logistics Ease Across Different States (LEADS) 2024 Report
- 4 Team Initiative:Boosting Digital Commerce for MSMEs
- 5 Diamond Imprest Authorization Scheme
- 6 National Critical Minerals Mission
- 7 Mutual Credit Guarantee Scheme for MSMEs
- 8 National Manufacturing Mission
- 9 Financialisation of the Economy
- 10 Undercapitalization of Indian Debt Market
- 1 Government Notifies Two Ordinances to Kick in Agri-reforms
- 2 Animal Husbandry Infrastructure Development Fund
- 3 Pradhan Mantri Krishi Sinchayee Yojana
- 4 Indian Gas Exchange
- 5 Special Liquidity Scheme for NBFCs and HFCs
- 6 Interest Subvention Scheme for MUDRA - Shishu Loan
- 7 ‘Country of Origin’Made Mandatory to Sell Products on GeM
- 8 Draft Electricity (Amendment) Bill, 2020
- 9 Kushinagar Airport Declared an International Airport
