2% Interest Subvention approved on prompt repayment of Shishu Loans under Pradhan Mantri MUDRA Yojana for a period of 12 months

June 24th, 04:02 pm

Union Cabinet chaired by PM Narendra Modi approved a scheme for interest subvention of 2% for a period of 12 months, to all Shishu loan accounts under Pradhan Mantri Mudra Yojana (PMMY) to eligible borrowers. The scheme will help small businesses brace the disruption caused due to COVID-19.