Tarun Plus Category – News Analysis India https://newsanalysisindia.com The news you need to know, explained Tue, 17 Mar 2026 00:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Nirmala Sitharaman: Mudra Scheme Boosts Micro-Enterprises Sans Guarantees https://newsanalysisindia.com/business/nirmala-sitharaman-mudra-scheme-boosts-micro-enterprises-sans-guarantees/ Tue, 17 Mar 2026 00:00:00 +0000 http://newsanalysisindia.local/nirmala-sitharaman-mudra-scheme-boosts-micro-enterprises-sans-guarantees/ In a detailed Rajya Sabha response, Finance Minister Nirmala Sitharaman painted an optimistic picture of the Pradhan Mantri Mudra Yojana’s role in India’s entrepreneurial landscape. By offering collateral-free financing, PMMY is empowering millions of small-scale business owners to thrive.

Since inception, the scheme has approved over 52 crore accounts worth exceeding Rs 32 lakh crore. The 2024-25 fiscal year saw Rs 5.5 lakh crore more in sanctions, reflecting robust momentum.

Loans are structured across Shishu (maximum Rs 50,000), Kishor (up to Rs 5 lakh), and Tarun (up to Rs 10 lakh) to support nascent ventures at different growth phases. NPA rates as on March 31, 2025, are 12.4%, 9.4%, and 7.92% respectively, with ongoing recovery drives by lenders.

Excitingly, the Tarun Plus option now provides up to Rs 20 lakh loans to reliable past borrowers looking to scale up. Rolled out after the recent budget and active since October 2024, Sitharaman emphasized patience in evaluating its outcomes.

Women have received 68% of all Mudra loans, driving female entrepreneurship and contributing to broader economic upliftment. Compared to the MSME sector’s 3.6% NPA, Mudra’s metrics highlight areas for sustained improvement.

This initiative aligns seamlessly with national goals of employment generation and self-dependence, as the government streamlines credit access for tiny businesses amid evolving financial dialogues.

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