Medium, Small and Micro Enterprises (MSMEs) and Employment (15/15)

– The Budget has given a big thrust to Medium, Small and Micro Enterprises (MSMEs) to boost employment and economic growth. 

– A sum of Rs. 3794 crore has been provided for giving credit support, capital and interest subsidy and for innovations. 

– MUDRA Yojana launched in April, 2015 has led to the sanction of Rs.4.6 lakh crore in credit from 10.38 crore MUDRA loans

76% of loan accounts are women and more than 50% belong to SCs, STs, and OBCs. 

– It is proposed to set a target of Rs.3 lakh crore for lending under MUDRA for 2018-19 after having successfully exceeded the targets in all previous years.

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