• 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
Make it Difficult for Chinese Companies to do Business in India, Ban T...

Swadeshi Jagran Manch (SJM) co-convener Ashwani Mahajan on Monday said the dastardly terrorist attack in Pulwama has shaken the conscience of the nation and at th...

Recently posted . 4 views

PUBG Mobile Ban: Developer Issues Statement Following Criticism in Ind...

There have been cases where students are neglecting studies and are said to be ‘addicted’ to the online game PUBG Mobile.   ...

Recently posted . 1 views

Is There More to Arvind Kejriwal Expressing Solidarity With Congress C...

The show of solidarity in Puducherry, AAP leaders said, would also be the beginning of the party’s campaign on statehood.

Recently posted . 1 views

Rajinikanth’s decision to keep away from electoral politics will disap...

Rajinikanth asked his supporters to vote for a party which was ready to solve water woes of the state. That was enough for BJP sympathisers to point out that it was...

Recently posted . 1 views

Cement, fruit shipments from Pakistan among 10 most hit imports after ...

The top ten products exported by Pakistan to India include fresh fruits, cement, petroleum products, minerals, and leather. Processed minerals, inorganic chemicals,...

Recently posted . 0 views

Pulwama attack: Union Minister denies taking 'selfie' with soldier's c...

After drawing flak for allegedly posting a selfie with the mortal remains of a slain CRPF soldier, Union Minister KJ Alphons alleged that some miscreants circulat...

Recently posted . 3 views

 
 
 

Prashnavali

Thought of the day

Once you replace negative thoughts with positive ones, you'll start having positive results.
Willie Nelson