#Budget2019 Entrepreneurship: Rs 7.73 Lakh Crore MUDRA Loans Disbursed, India 2nd Largest Hub Of Start-Ups
#Budget2019 Entrepreneurship: Rs 7.73 Lakh Crore MUDRA Loans Disbursed, India 2nd Largest Hub Of Start-UpsMudra Scheme

Finance Minister Piyush Goyal detailed in his budget speech in the Lok Sabha today (1 February 2019) how the current NDA government has worked to encourage entrepreneurship in the country, particularly with the Mudra loans scheme for micro and small enterprises.

He said that India's youth have turned job creators from job seekers and the country has become the second largest hub for startups.

In what would be a major fillip to new businesses, the finance minister also announced that Medium and Small Enterprises (MSME) would receive a 2 per cent interest subvention up to a loan ticket size of Rs 2 crore.

The Finance Minister also pointed out that several MSMEs were benefiting from government initiative of providing Rs one crore loan under one hour.

Goyal detailed how Rs 7.73 lakh crore has been disbursed to businesspersons in the last few years under the Mudra initiative. 75 per cent of beneficiaries under the scheme have been women, he added.

He also pointed out that amendments to Maternity Benefits act to increase the leave to 26 weeks, along with Pradhan Mantri Matritva Yojana had worked towards women empowerment.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber