Know for self-employment * Under the Money Scheme * Who will get the benefit of the loan? (mudra yojana loan)

Know for self-employment

** Under the Money Scheme **

Who will get the benefit of the loan? (mudra yojana loan)

There are around 5.77 crore small business units across the country, which operate small manufacturing, business and service businesses. Of these, 62 percent of the units are owned by SC / ST / OBC. These hardworking entrepreneurs have to make a lot of efforts to reach their formal system of credit. Therefore, Finance Minister Arun Jaitley has proposed to open a bank (micro-unit development and refinance agency) bank in the House.

This bank will have an amount of Rs 20,000 crore and a credit guarantee amount of Rs 3,000 crore. Money Bank will provide refinance to micro-finance institutions through the Prime Minister Money Scheme SC / ST entrepreneurs will be given priority in giving loans. These measures will increase the confidence of young, educated or skilled workers, which will now be motivated to become first generation entrepreneurs. Not only this, existing small businessmen will also be able to expand their activities.

The currency bank will also provide loans to the bankers and hawkers. Apart from this, business women doing business of Papad, Pickle etc. will also be provided loans from this bank. The provision of lending to small fat shop, beauty parlor, mechanic, tailor, potter and such small businessmen has been made.