As per a recent Government report, approximately 42.5 million beneficiaries have availedMUDRA loantill 2019. While 20.6 per cent of them have availed this loan to set up a new business, the rest of the people used the fund to expand their businesses.
Pradhan Mantri MUDRA Yojana (PMMY) introduced Micro Units Development and Refinancing Agency (MUDRA) loan to provide financial…