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Banks Need to Disburse ₹1 Trillion Worth of Loans to Meet Mudra Target
March 05, 2019
As per the government data, the banks need to ramp up lending under the Mudra scheme to meet the target of ₹3 trillion worth of loans in FY19. Even as there is less than one month left for the financial year to be over, the banks have lent only ₹2 trillion worth of loans.
The Micro Units Development and Refinance Agency Ltd (Mudra) scheme was launched in April 2015 to provide small loans up to ₹10 lakhs to the SMEs.
Photo credit: Dr PS Sahana * Kadamtala Howrah on Visualhunt.com / CC BY
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