Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
PRADHAN MANTRI MUDRA YOJANA (PMMY) - COMPLETES 10 GLORIOUS YEARS OF EMPOWERING SMALL AND MICRO ENTREPRENEURS
The Global Kashmir
|April 09, 2025
The Pradhan Mantri Mudra Yojana (PMMY), launched on April 8th 2015 by Prime Minister Shri Narendra Modi, celebrates 10 glorious years of empowering small and micro-entrepreneurs across India.
-
Aimed at fostering financial inclusion, PMMY provides easy collateral-free loans up to 10 lakh for non-corporate and non-farm income-generating activities. To strengthen support for aspiring entrepreneurs, the Finance Minister announced an increase in the loan limit to 20 lakh during the Union Budget 2024-25 on July 23, 2024.This new limit took effect on October 24, 2024.These loans are extended through Banks, NBFCs, MFIs, and other financial institutions.
The newly announced loan category, Tarun Plus, is designed specifically for those who have previously availed and successfully repaid loans under the Tarun category, allowing them to access funding between 10 lakh and 20 lakh. Additionally, the Credit Guarantee Fund for Micro Units (CGFMU) will now provide guarantee coverage for these enhanced loans, further reinforcing the Government's commitment to nurturing a robust entrepreneurial eco system in India.
This story is from the April 09, 2025 edition of The Global Kashmir.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Global Kashmir
The Global Kashmir
Short-term power markets to rescue J&K's 300 MWs gap
With authorities projecting power deficit Upto 300 Megawatts (MWs) on the horizon, J&K State Load Despatch Center (SLDC) has decided to rely on short-term power markets to bridge the gap.
1 min
May 24, 2026
The Global Kashmir
CS reviews Transport Department performance; stresses safer roads, smarter enforcement
Chief Secretary, Atal Dulloo, chaired a comprehensive review meeting of the Transport Department to assess the progress achieved in road safety, traffic enforcement, technology integration and implementation of key recommendations aimed at improving traffic management and reducing road accidents across Jammu and Kashmir.
1 min
May 24, 2026
The Global Kashmir
BJP has 'solid evidence' of corruption, money taken for transfers: Raina
CLAIMS SOME MINISTERS ALSO INVOLVED; URGES CM OMAR TO ALLOW PRESENTATION OF PROOF
1 min
May 24, 2026
The Global Kashmir
Sunil Sharma himself was missing during budget session: Dy CM hits back at LoP
‘CM OMAR GONE FOR WORK, NOTHING UNUSUAL; MAKING ISSUE OUT OF IT NOT HEALTHY POLITICS’
1 min
May 24, 2026
The Global Kashmir
Govt committed to reintegrate drug abuse victims into mainstream: LG Sinha
SAYS ANYONE CONNECTED TO THE DRUG NETWORK WILL FACE STRICT LEGAL CONSEQUENCES
1 mins
May 24, 2026
The Global Kashmir
Encounter underway in Rajouri forests; 2-3 terrorists believed trapped
An encounter broke out between terrorists and security forces in the forest area of Jammu’s Rajouri district on Saturday.
1 min
May 24, 2026
The Global Kashmir
‘Hailstorms damage 30% of Kashmir’s agriculture, horticulture sector’
KASHMIR FRUIT GROWERS & DEALERS ASSOCIATION DEMAND DECLARATION OF 2026 AS DISASTER YEAR; CROP INSURANCE, LOAN WAIVER AFTER MASSIVE LOSSES
1 min
May 24, 2026
The Global Kashmir
Centre, Ladakh reach understanding on key issues
“LADAKH TO GET SAFEGUARDS ON THE LINES OF ARTICLE 371; UT TO HAVE A LEGISLATIVE BODY WITH LEGISLATIVE POWERS; ENTIRE BUREAUCRACY TO COME UNDER CONTROL OF CM”
1 min
May 23, 2026
The Global Kashmir
Valley's high altitudes receive snowfall; hailstorm batters plains
HOT, DRY WEATHER LIKELY AFTER MAY 25
1 min
May 23, 2026
The Global Kashmir
If need arises armed forces will act even inside Pakistan's own territory: Amit Shah
‘INDIA HAS RESPONDED FIRMLY WHENEVER CHALLENGED’
1 mins
May 23, 2026
Listen
Translate
Change font size