{"id":2734,"date":"2019-06-24T01:34:45","date_gmt":"2019-06-24T01:34:45","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=2734"},"modified":"2019-07-12T11:13:18","modified_gmt":"2019-07-12T11:13:18","slug":"rbi-panel-on-msmes-suggested-rs-20-lakh-collateral-free-loan-under-mudra-scheme","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/rbi-panel-on-msmes-suggested-rs-20-lakh-collateral-free-loan-under-mudra-scheme\/","title":{"rendered":"RBI panel on MSMEs suggested Rs 20 lakh collateral-free loan under Mudra Scheme"},"content":{"rendered":"\n<p>RBI expert committee on Micro, Small and Medium Enterprises (MSMEs) headed\nby the former Securities and Exchange Board of India (SEBI) Chairman <strong>U\nK Sinha<\/strong>, has recommended doubling the capital on collateral-free loans\nfrom the current Rs 10 lakh to <strong>Rs 20 lakh<\/strong>, for borrowers\nfalling under the Micro Units Development and Refinance Agency (MUDRA),\nself-help groups, and MSMEs.<br>\nAccording to the 2006 definition, manufacturing units with investment below <strong>Rs\n25 lakh<\/strong> were termed <strong>micro<\/strong>, those between Rs 25 lakh\nand <strong>Rs 5 crore<\/strong> termed <strong>small<\/strong>, and from Rs 5\ncrore to <strong>Rs 10 crore<\/strong> <strong>medium<\/strong>. For service\nunits, the corresponding amounts were up to Rs 10 lakh for micro, Rs 10 lakh-2\ncrore for small, and Rs 2 crore-5 crore for medium enterprises.<br>\n<strong>About Mudra Scheme<\/strong>:<br>\nThe <strong>Pradhan Mantri Mudra Yojana<\/strong> (PMMY) was launched on April\n8, <strong>2015 <\/strong>by Prime Minister Narendra Modi. The loans are given\nto non-corporate, non-farm small and micro enterprises.<br>\nIn 2018-19, about 60 million loans worth <strong>Rs 3 trillion<\/strong> were\nsanctioned under Mudra.<br>\nUnder the scheme, collateral-free loan of up to \u20b910 lakh falls under three\ncategories &#8211; <strong>Shishu, Kishore and Tarun<\/strong>. Shishu accounts for\nloans of up to \u20b950,000, while \u20b950,001 to \u20b95 lakh are disbursed under Kishore.\nThe third category is for loans of \u20b95-10 lakh.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RBI expert committee on Micro, Small and Medium Enterprises (MSMEs) headed by the former Securities and Exchange Board of India (SEBI) Chairman U K Sinha, has recommended doubling the capital on collateral-free loans from the current Rs 10 lakh to Rs 20 lakh, for borrowers falling under the Micro Units Development and Refinance Agency (MUDRA), [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":2735,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[64],"offerexpiration":[],"class_list":["post-2734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-articles","tag-reserve-bank-of-india-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/2734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=2734"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/2734\/revisions"}],"predecessor-version":[{"id":2736,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/2734\/revisions\/2736"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/2735"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=2734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=2734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=2734"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=2734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}