{"id":6563,"date":"2023-03-25T01:04:52","date_gmt":"2023-03-24T19:34:52","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=6563"},"modified":"2025-03-27T15:37:07","modified_gmt":"2025-03-27T10:07:07","slug":"what-are-micro-units-development-and-refinance-agency-mudra-loans","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/what-are-micro-units-development-and-refinance-agency-mudra-loans\/","title":{"rendered":"What are Micro Units Development and Refinance Agency (MUDRA) Loans?"},"content":{"rendered":"<h2><strong>About MUDRA Loans:<\/strong><\/h2>\n<ul>\n<li>MUDRA Loan is offered under the <strong>Pradhan Mantri Mudra Yojana (PMMY).<\/strong><\/li>\n<li>PMMY was <strong>launched in 2015<\/strong> with the aim to <strong>help small-scale businesses expand and attain success.\u00a0<\/strong><\/li>\n<li><strong>Support under the scheme: <\/strong>It provides <strong>loans of up to 10 lacks to non-corporate, non-farm small\/micro enterprises.\u00a0<\/strong><\/li>\n<li><strong>Purpose of loan:<\/strong> To <strong>start a new business<\/strong>, <strong>enhance existing <\/strong>or <strong>meet working capital requirements<\/strong>, and for business expansion purposes<\/li>\n<li>These loans are <strong>classified as MUDRA loans<\/strong> under PMMY.\u00a0<\/li>\n<li><strong>Eligibility<\/strong>: <strong>Any Indian Citizen who has a business plan for a non-farm sector<\/strong> income-generating activities such as manufacturing, processing, trading, or service sector.<\/li>\n<li>These loans are <strong>given by Commercial Banks, RRBs, Small Finance Banks<\/strong>, MFIs, and NBFCs.\u00a0<\/li>\n<li><strong>Types of loans:<\/strong>\n<ul>\n<li><strong>Shishu<\/strong> &#8211; Covering loans <strong>up to Rs 50,000;\u00a0<\/strong><\/li>\n<li><strong>Kishor<\/strong> &#8211; Covering loans above <strong>Rs 50,000 and up to Rs 5 lakh<\/strong>;\u00a0<\/li>\n<li><strong>Tarun<\/strong> &#8211; Covering loans above <strong>Rs 5 lakh and up to Rs 10 lakh<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1)\u00a0What is a joint liability group?\u00a0<\/h3>\n<p>Joint Liability Group (JLG) is an informal group comprising preferably of 4 to 10 individuals for the purposes of availing bank loan either individually or through the group mechanism against mutual guarantee.<\/p>\n<p><strong>Source:\u00a0<\/strong><a href=\"https:\/\/www.moneycontrol.com\/news\/business\/economy\/mudra-loans-to-joint-liability-group-micro-enterprises-now-eligible-for-credit-guarantee-fund-10306041.html\" target=\"_blank\" rel=\"nofollow noopener\"><u>MUDRA loans to joint liability group micro enterprises now eligible for credit guarantee fund<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUDRA scheme provides loans of up to 10 lakhs to non-corporate, non-farm small\/micro enterprises.<\/p>\n","protected":false},"author":5,"featured_media":6564,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-6563","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/6563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=6563"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/6563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/6564"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=6563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=6563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=6563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}