FM announces 2% interest subvention on smallest category MUDRA loans

FM announces 2% interest subvention on smallest category MUDRA loans

Finance Minister Nirmala Sitharaman on Thursday announced a 2 per cent interest subvention on the littlest category of loans given under the MUDRA scheme.

As much as Rs 1,500 crore interest subvention would tend for MUDRA-Shishu loans of up to Rs 50,000.