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MUDRA SHISHU LOAN

June 2, 2020

Centre has announced 'Mudra Shishu loan' for small businesses and cottage industries so that shopkeepers do not suffer due to the COVID-19 pandemic.

About:

  • A 1500 crore interest subvention for small business and cottage industries has been announced under Mudra Shishu loan.

  • The government will offer 2% interest rate subvention for a period of 12 months to prompt loan payees under the Mudra scheme.

  • The decision is expected to bring much-needed relief to small borrowers under the Mudra Shishu loans up to ₹50,000.

Source : LiveMint

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