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Finmin Extends Funding under Mudra Scheme

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Finmin Extends Funding under Mudra Scheme
The finance ministry has tied up with 40 entities, including Flipkart, Swiggy, Patanjali and Amul, which are big job creators, for extending loans to small entrepreneurs under the Mudra scheme. In order to identify people who can be given funds under the Pradhan Mantri Mudra Yojana (PMMY), the ministry will on June 23 organise an event in Mumbai to extend loan under the scheme. “We have identified about 40 companies as biggest job creators. These companies will identify people who need loans under Mudra Yojana, underwrite them and we will extend loans under the scheme,” financial services secretary Rajiv Kumar told PTI.
The Economic Times, New Delhi, 22nd May 2018

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