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Union Budget 2024: Mudra loan limit doubled to Rs 20 lakh
Updated On: 23 July, 2024 05:28 PM IST | New Delhi | mid-day online correspondent
The limit of Mudra loans will be enhanced to Rs 20 lakh from the current Rs 10 lakh for those entrepreneurs who have availed and successfully repaid previous loans under the `Tarun category`, Union Finance Minister Nirmala Sitharaman said
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The government is committed to the all-round, all-pervasive, and all-inclusive development of people, particularly farmers, youth, women, and the poor, Finance Minister Nirmala Sitharaman said while presenting the Union Budget 2024.
In a bid to promote entrepreneurship in the country, Finance Minister Nirmala Sitharaman on Tuesday doubled the upper limit of Mudra loans to Rs 20 lakh.
"The limit of Mudra loans will be enhanced to Rs 20 lakh from the current Rs 10 lakh for those entrepreneurs who successfully repaid previous loans under the `Tarun category`, she said while presenting the Union Budget 2024 in the Lok Sabha.
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