Tag: MudraLoan
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Boosting MSME : New Credit Rating System and Increased Mudra Loan Limits Announced in Budget !
In the Budget 2024-25, Finance Minister Nirmala Sitharaman announced an increase in the Mudra loan limit from Rs 10 lakh to Rs 20 lakh. Additionally, a new assessment model for MSME credit was introduced. Sitharaman also mentioned the implementation of a credit guarantee scheme to facilitate term loans for MSMEs to purchase machinery and equipment…