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Tuesday, Oct 26, 2021
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FM Sitharaman Announces 2% Interest Subvention On Smallest Category MUDRA Loans

As much as Rs 1,500 crore interest subvention would be given for MUDRA-Shishu loans of up to Rs 50,000.

FM Sitharaman Announces 2% Interest Subvention On Smallest Category MUDRA Loans
Employees work at an apparel manufacturing unit, during the ongoing COVID-19 lockdown, in Noida Sector 58. | PTI Photo
FM Sitharaman Announces 2% Interest Subvention On Smallest Category MUDRA Loans
outlookindia.com
2020-05-14T18:06:38+05:30

Finance Minister Nirmala Sitharaman on Thursday announced a 2 per cent interest subvention on the smallest category of loans given under the MUDRA scheme.

As much as Rs 1,500 crore interest subvention would be given for MUDRA-Shishu loans of up to Rs 50,000.

The announcement by Sitharaman is a part of the second tranche of the nine measures announced by the government on Thursday to benefit migrants, street vendors, small traders and farmers as part of a Rs 20 trillion package to revive the economy.

(With PTI inputs)

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