Recently the government decided to give a interest subvention of 2% to borrowers under “SHISHU” Category of Prandhan Mantri Mudra yojana . Under “SHISHU” Category collateral free loan upto 50000 is given. These loans are classified as MUDRA loans under PMMY. These loans are given by commercial banks, RRBs, small finance banks, MFIs and NBFCs. Details about the MUDRA scheme is important prelims.
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