• Home
  • National News
  • Govt ties up with 40 firms including Patanjali, Flipkart and Amul to extend funding under Mudra scheme
Govt ties up with 40 firms including Patanjali, Flipkart and Amul to extend funding under Mudra scheme
National  
dnaindia

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 May 23 (rpt) May 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. He said people who need money under the Mudra scheme approach the banks, but with this initiative the financial services department is trying to reach out to those who need loans for their businesses but have not approached the banks.
 
The companies which have tied up with the financial services department for this include Make My Trip, Zomato, Meru Cab, Muthoot, Edelweiss, Amazon, Ola, Amazon, Big Basket, Carz on Rent and Habib Salon.
 
Last fiscal the government has extended Rs 2.53 lakh crore credit under the Mudra Yojana, while Rs 5.73 lakh crore has been extended in last 3 years.
 
PMMY was launched by Prime Minister Narendra Modi on April 8, 2015, for providing loans of up to Rs 10 lakh to the non-corporate, non-farm small/micro enterprises.
 

 

The focus of the Seminar in Mumbai would be creating job opportunities and instilling the sense of entrepreneurship, to facilitate people to become job creators in place of job seekers.
 
Further, discussions will also be held to formulate a MUDRA scheme to consider extending finance to retail franchisee/ transport solutions /suppliers of entities like Flipkart, Amazon, Uber, Ola, OYO, Amul, Patanjali and Zomata requiring loans up to Rs 10 lakh under the Yojana.
 
Besides, CEOs of various Banks like SBI, ICICI, BOB, PNB, senior officials in the rank MD/CEO/CFO from Oil Companies, Railway Board would be part of the event. PTI

 
 


 
 


 
More in National
New traffic rules that you didn’t know about but can land you in big t...

New Traffic Laws in India: Here are the reasons why your driving license can be cancelled, you can pay a heavy fine if these traffic laws are not followed properl...

Recently posted . 10 views

IRCTC looks to address food complaints! 10 steps Indian Railways is ta...

IRCTC is setting up new kitchens and is upgrading existing ones in order to improve the quality of food preparation. Also, other than base kitchens and kitchen unit...

Recently posted . 0 views

New H-1B visa rules add a layer of instability for employers

In April, the USCIS said it received 105,000 more H-1B applications than it can grant, according to a National Foundation for American Policy report

Recently posted . 4 views

I fail to understand the ‘foreign accent’ of Shashi Tharoor: Piyush Go...

Continuing his attack on the government, Tharoor said Nirav Modi, who had fled the country after allegedly duping state-run banks of crores of rupees, was seen in...

Recently posted . 0 views

P Chidambaram Is Now An Accused In Aircel-Maxis Case: 10 Points

P Chidambaram and his son Karti have denied any wrongdoing in the Aircel-Maxis case, calling it a witch-hunt by the BJP government.  

Recently posted . 3 views

 
 
 

Prashnavali

Thought of the day

“Your day is what you make it to be. Why not make it great?”
Anonymous