Lenders add 25K beneficiaries under Tarun Plus category of Mudra Yojana

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Lenders add 25K beneficiaries under Tarun Plus category of Mudra Yojana - Business Standard

Quick Summary:

As many as 24,557 new borrowers took loan under the Tarun Plus category amounting to Rs 3,790 crore in a short period of four months during FY25, Financial Services Secretary M Nagaraju told media while briefing about achievements of PMMY.

Lenders have added about 25,000 beneficiaries under the Tarun Plus category of PM Mudra Yojana (PMMY) in a 4-month short period of FY25 where borrowers were given enhanced loans up to Rs 20 lakh.

As per the Budget 2024-25 announcement, loan limit was doubled to Rs 20 lakh for those entrepreneurs who have availed and successfully repaid previous loans under the 'Tarun' category.