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MSME Ministry Pitches for Higher Mudra Loan Limits
Business Standard
|January 24, 2025
Seeks increase to ₹5 lakh for Shishu, ₹10 lakh for Kishore in Union Budget
The Union Ministry of Micro, Small and Medium Enterprises (MSME) has recommended increasing loan limits for Shishu and Kishore categories under the Pradhan Mantri Mudra Yojana in the FY26 Budget to be presented on February 1.
In the proposal sent to the finance ministry, the MSME ministry has suggested raising the Shishu category limit to ₹5 lakh and the Kishore category to ₹10 lakh, according to a senior government official who spoke on condition of anonymity. "The MSME ministry has submitted multiple recommendations, and increasing the limit of other categories of Mudra scheme is one of them. The final decision will be made by the finance ministry in the Union Budget," the official said.
Currently, the scheme provides loans across three categories. While Shishu offers loans up to ₹50,000, the Kishore category loans range between ₹50,001 and ₹5 lakh and Tarun category extends loans from ₹5,00,001 to ₹10 lakh.
This story is from the January 24, 2025 edition of Business Standard.
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