Finance Ministry Ties Up With 40 Companies Under Mudra Scheme

The Union Finance Ministry has tied up with 40 entities including Flipkart, Swiggy, Patanjali and Amul for extending loans to small entrepreneurs under the Pradhan Mantri Mudra Yojana (PMMY).

In order to identify people who can be given funds under the Pradhan Mantri Mudra Yojana (PMMY), the ministry has organised an event in Mumbai to extend loan under the scheme. The CEOs of various Banks, senior officials in the rank of MD or CEO from Oil Companies, Railway Board would be part of the event.
Source- Business Standard

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • PMMY was launched by Prime Minister Narendra Modi on April 8, 2015, for providing loans of up to Rs 10 lakh to the non-corporate, non-farm small/micro enterprises.