Mega Credit Campaign until 2nd October for MSME

The Finance Ministry announced today (25^th September) that a mega credit campaign is going to happen until 2^nd of October  for Medium, Small and Micro Enterprises to push for Pradhan Mantri Mudra Yojana (PMMY).

• Together, all the banks (state-run, regional and private) have a target of Rs. 1.22 lakh crore to distribute in MSME sector in current FYI.
• The loan amount would be up to Rs. 10 lakh
• 60 lakh people so far borrowed credit of Rs. 24,123 crore under PMMY with52% being women and 50% start-ups.

Source: ET