Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 73,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'catslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 73,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/1-lakh-cr-to-be-disbursed-under-mudra-for-micro-entrepreneurs-shishir-sinha-4676479/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/1-lakh-cr-to-be-disbursed-under-mudra-for-micro-entrepreneurs-shishir-sinha-4676479/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'catslug'
	]
]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 74,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'artileslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 74,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/1-lakh-cr-to-be-disbursed-under-mudra-for-micro-entrepreneurs-shishir-sinha-4676479/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/1-lakh-cr-to-be-disbursed-under-mudra-for-micro-entrepreneurs-shishir-sinha-4676479/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'artileslug'
	]
]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ef32d14ea0f-trace').style.display = (document.getElementById('cakeErr67ef32d14ea0f-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67ef32d14ea0f-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ef32d14ea0f-code').style.display = (document.getElementById('cakeErr67ef32d14ea0f-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ef32d14ea0f-context').style.display = (document.getElementById('cakeErr67ef32d14ea0f-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67ef32d14ea0f-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67ef32d14ea0f-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 28427,
		&#039;title&#039; =&gt; &#039;₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Finance Minister meets bankers to set targets&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal.&lt;br /&gt;
&lt;br /&gt;
According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently.&lt;br /&gt;
&lt;br /&gt;
It was proposed that for the current fiscal, the target under &amp;lsquo;Shishu&amp;rsquo; category would be ₹40,000 crore, for &amp;lsquo;Kishor&amp;rsquo; ₹35,000 crore, and &amp;lsquo;Tarun&amp;rsquo; ₹25,000 crore.&lt;br /&gt;
&lt;br /&gt;
The Centre has already made it clear that it would facilitate more credit to the first category at it promotes not only self entrepreneurship but also more employment opportunities.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The whole concept is promoting entrepreneurship at micro level through funding the un-funded,&amp;rdquo; a senior government official told BusinessLine. MUDRA (Micro Units Development and Refinance Agency Ltd), which was proposed in the Budget, was launched by the Prime Minister on April 8.&lt;br /&gt;
&lt;br /&gt;
Under the new scheme, there are three categories of loans &amp;mdash; &amp;lsquo;Shishu&amp;rsquo; (loan up to ₹50,000) &amp;lsquo;Kishor&amp;rsquo; (loan above ₹50,000 up to ₹5 lakh) and &amp;lsquo;Tarun&amp;rsquo; (above ₹5 lakh up to ₹10 lakh) &amp;mdash; that will be disbursed by the banks. The amount will be refinanced through the new scheme which is being implemented by a subsidiary of SIDBI.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;NSSO study&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The MUDRA concept is based on National Sample Survey Organisation&amp;rsquo;s (NSSO) 2013 study which talked about 5.77 crore informal enterprises.&lt;br /&gt;
&lt;br /&gt;
They are unincorporated, single person or two person enterprises. They get just 4 per cent of their credit requirements from the institutional mechanism, while 96 per cent comes from informal sources even while they give employment to about 12 crore people.&lt;br /&gt;
&lt;br /&gt;
To help these entrepreneurs, the Government has offered 27 public sector banks, 17 private sector banks, 27 regional rural banks, 25 micro financial institutions (MFIs), and 21 non-banking financial institutions (NBFCs) to be enrolled as partner institution.&lt;br /&gt;
&lt;br /&gt;
Apart from credit facilities by these institutions, an overdraft facility of up to ₹5,000 under Pradhan Mantri Jan Dhan Yojana will also be covered under the scheme.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Credit guarantee&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Under the scheme, refinance/credit guarantee will be provided. Keeping this in mind, the process to get Expenditure Finance Committee (EFC) nod for ₹3,000-crore credit guarantee fund has been initiated and approval is expected soon. The corpus can guarantee up to ₹40-45,000 crore loans. This will enable various small-small banks, NBFCs and MFIs to give loans to people at cheaper rates. Because once the guarantee is given, the risk margin will come down.&lt;br /&gt;
&lt;br /&gt;
MUDRA cards, similar to debit cards, are also being proposed. It will work on RuPay platform and can be used in ATMs and merchant establishments.&lt;br /&gt;
&lt;br /&gt;
The plan is to provide 20-30 per cent of the loan requirement through this card.&lt;br /&gt;
&lt;br /&gt;
In the next stage, the Centre aims to set up MUDRA Bank with a corpus of ₹20,000 crore. A Bill will be introduced soon in Parliament to set up a refinance mechanism on the lines on SIDBI. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Hindu Business Line, 23 June, 2015, http://www.thehindubusinessline.com/banking/1lakh-cr-to-be-disbursed-under-mudra-for-microentrepreneurs/article7347207.ece?homepage=true&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;1-lakh-cr-to-be-disbursed-under-mudra-for-micro-entrepreneurs-shishir-sinha-4676479&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4676479,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 28427,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | ₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Access to Finance,Small and Medium Enterprises,MUDRA Bank,msmes,SMEs&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
-The Hindu Business Line

Finance Minister meets bankers to set targets

To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal.

According to a senior government official, the credit...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Finance Minister meets bankers to set targets&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;To promote very small businesses, the Centre aims to facilitate credit up to 1 lakh crore under the MUDRA scheme in the current fiscal.&lt;br /&gt;&lt;br /&gt;According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently.&lt;br /&gt;&lt;br /&gt;It was proposed that for the current fiscal, the target under &amp;lsquo;Shishu&amp;rsquo; category would be 40,000 crore, for &amp;lsquo;Kishor&amp;rsquo; 35,000 crore, and &amp;lsquo;Tarun&amp;rsquo; 25,000 crore.&lt;br /&gt;&lt;br /&gt;The Centre has already made it clear that it would facilitate more credit to the first category at it promotes not only self entrepreneurship but also more employment opportunities.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The whole concept is promoting entrepreneurship at micro level through funding the un-funded,&amp;rdquo; a senior government official told BusinessLine. MUDRA (Micro Units Development and Refinance Agency Ltd), which was proposed in the Budget, was launched by the Prime Minister on April 8.&lt;br /&gt;&lt;br /&gt;Under the new scheme, there are three categories of loans &amp;mdash; &amp;lsquo;Shishu&amp;rsquo; (loan up to 50,000) &amp;lsquo;Kishor&amp;rsquo; (loan above 50,000 up to 5 lakh) and &amp;lsquo;Tarun&amp;rsquo; (above 5 lakh up to 10 lakh) &amp;mdash; that will be disbursed by the banks. The amount will be refinanced through the new scheme which is being implemented by a subsidiary of SIDBI.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;NSSO study&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The MUDRA concept is based on National Sample Survey Organisation&amp;rsquo;s (NSSO) 2013 study which talked about 5.77 crore informal enterprises.&lt;br /&gt;&lt;br /&gt;They are unincorporated, single person or two person enterprises. They get just 4 per cent of their credit requirements from the institutional mechanism, while 96 per cent comes from informal sources even while they give employment to about 12 crore people.&lt;br /&gt;&lt;br /&gt;To help these entrepreneurs, the Government has offered 27 public sector banks, 17 private sector banks, 27 regional rural banks, 25 micro financial institutions (MFIs), and 21 non-banking financial institutions (NBFCs) to be enrolled as partner institution.&lt;br /&gt;&lt;br /&gt;Apart from credit facilities by these institutions, an overdraft facility of up to 5,000 under Pradhan Mantri Jan Dhan Yojana will also be covered under the scheme.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Credit guarantee&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Under the scheme, refinance/credit guarantee will be provided. Keeping this in mind, the process to get Expenditure Finance Committee (EFC) nod for 3,000-crore credit guarantee fund has been initiated and approval is expected soon. The corpus can guarantee up to 40-45,000 crore loans. This will enable various small-small banks, NBFCs and MFIs to give loans to people at cheaper rates. Because once the guarantee is given, the risk margin will come down.&lt;br /&gt;&lt;br /&gt;MUDRA cards, similar to debit cards, are also being proposed. It will work on RuPay platform and can be used in ATMs and merchant establishments.&lt;br /&gt;&lt;br /&gt;The plan is to provide 20-30 per cent of the loan requirement through this card.&lt;br /&gt;&lt;br /&gt;In the next stage, the Centre aims to set up MUDRA Bank with a corpus of 20,000 crore. A Bill will be introduced soon in Parliament to set up a refinance mechanism on the lines on SIDBI. &lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 28427,
	&#039;title&#039; =&gt; &#039;₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Finance Minister meets bankers to set targets&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal.&lt;br /&gt;
&lt;br /&gt;
According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently.&lt;br /&gt;
&lt;br /&gt;
It was proposed that for the current fiscal, the target under &amp;lsquo;Shishu&amp;rsquo; category would be ₹40,000 crore, for &amp;lsquo;Kishor&amp;rsquo; ₹35,000 crore, and &amp;lsquo;Tarun&amp;rsquo; ₹25,000 crore.&lt;br /&gt;
&lt;br /&gt;
The Centre has already made it clear that it would facilitate more credit to the first category at it promotes not only self entrepreneurship but also more employment opportunities.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The whole concept is promoting entrepreneurship at micro level through funding the un-funded,&amp;rdquo; a senior government official told BusinessLine. MUDRA (Micro Units Development and Refinance Agency Ltd), which was proposed in the Budget, was launched by the Prime Minister on April 8.&lt;br /&gt;
&lt;br /&gt;
Under the new scheme, there are three categories of loans &amp;mdash; &amp;lsquo;Shishu&amp;rsquo; (loan up to ₹50,000) &amp;lsquo;Kishor&amp;rsquo; (loan above ₹50,000 up to ₹5 lakh) and &amp;lsquo;Tarun&amp;rsquo; (above ₹5 lakh up to ₹10 lakh) &amp;mdash; that will be disbursed by the banks. The amount will be refinanced through the new scheme which is being implemented by a subsidiary of SIDBI.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;NSSO study&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The MUDRA concept is based on National Sample Survey Organisation&amp;rsquo;s (NSSO) 2013 study which talked about 5.77 crore informal enterprises.&lt;br /&gt;
&lt;br /&gt;
They are unincorporated, single person or two person enterprises. They get just 4 per cent of their credit requirements from the institutional mechanism, while 96 per cent comes from informal sources even while they give employment to about 12 crore people.&lt;br /&gt;
&lt;br /&gt;
To help these entrepreneurs, the Government has offered 27 public sector banks, 17 private sector banks, 27 regional rural banks, 25 micro financial institutions (MFIs), and 21 non-banking financial institutions (NBFCs) to be enrolled as partner institution.&lt;br /&gt;
&lt;br /&gt;
Apart from credit facilities by these institutions, an overdraft facility of up to ₹5,000 under Pradhan Mantri Jan Dhan Yojana will also be covered under the scheme.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Credit guarantee&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Under the scheme, refinance/credit guarantee will be provided. Keeping this in mind, the process to get Expenditure Finance Committee (EFC) nod for ₹3,000-crore credit guarantee fund has been initiated and approval is expected soon. The corpus can guarantee up to ₹40-45,000 crore loans. This will enable various small-small banks, NBFCs and MFIs to give loans to people at cheaper rates. Because once the guarantee is given, the risk margin will come down.&lt;br /&gt;
&lt;br /&gt;
MUDRA cards, similar to debit cards, are also being proposed. It will work on RuPay platform and can be used in ATMs and merchant establishments.&lt;br /&gt;
&lt;br /&gt;
The plan is to provide 20-30 per cent of the loan requirement through this card.&lt;br /&gt;
&lt;br /&gt;
In the next stage, the Centre aims to set up MUDRA Bank with a corpus of ₹20,000 crore. A Bill will be introduced soon in Parliament to set up a refinance mechanism on the lines on SIDBI. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Hindu Business Line, 23 June, 2015, http://www.thehindubusinessline.com/banking/1lakh-cr-to-be-disbursed-under-mudra-for-microentrepreneurs/article7347207.ece?homepage=true&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;1-lakh-cr-to-be-disbursed-under-mudra-for-micro-entrepreneurs-shishir-sinha-4676479&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4676479,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 28427
$metaTitle = &#039;LATEST NEWS UPDATES | ₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha&#039;
$metaKeywords = &#039;Access to Finance,Small and Medium Enterprises,MUDRA Bank,msmes,SMEs&#039;
$metaDesc = &#039;
-The Hindu Business Line

Finance Minister meets bankers to set targets

To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal.

According to a senior government official, the credit...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Finance Minister meets bankers to set targets&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;To promote very small businesses, the Centre aims to facilitate credit up to 1 lakh crore under the MUDRA scheme in the current fiscal.&lt;br /&gt;&lt;br /&gt;According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently.&lt;br /&gt;&lt;br /&gt;It was proposed that for the current fiscal, the target under &amp;lsquo;Shishu&amp;rsquo; category would be 40,000 crore, for &amp;lsquo;Kishor&amp;rsquo; 35,000 crore, and &amp;lsquo;Tarun&amp;rsquo; 25,000 crore.&lt;br /&gt;&lt;br /&gt;The Centre has already made it clear that it would facilitate more credit to the first category at it promotes not only self entrepreneurship but also more employment opportunities.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The whole concept is promoting entrepreneurship at micro level through funding the un-funded,&amp;rdquo; a senior government official told BusinessLine. MUDRA (Micro Units Development and Refinance Agency Ltd), which was proposed in the Budget, was launched by the Prime Minister on April 8.&lt;br /&gt;&lt;br /&gt;Under the new scheme, there are three categories of loans &amp;mdash; &amp;lsquo;Shishu&amp;rsquo; (loan up to 50,000) &amp;lsquo;Kishor&amp;rsquo; (loan above 50,000 up to 5 lakh) and &amp;lsquo;Tarun&amp;rsquo; (above 5 lakh up to 10 lakh) &amp;mdash; that will be disbursed by the banks. The amount will be refinanced through the new scheme which is being implemented by a subsidiary of SIDBI.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;NSSO study&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The MUDRA concept is based on National Sample Survey Organisation&amp;rsquo;s (NSSO) 2013 study which talked about 5.77 crore informal enterprises.&lt;br /&gt;&lt;br /&gt;They are unincorporated, single person or two person enterprises. They get just 4 per cent of their credit requirements from the institutional mechanism, while 96 per cent comes from informal sources even while they give employment to about 12 crore people.&lt;br /&gt;&lt;br /&gt;To help these entrepreneurs, the Government has offered 27 public sector banks, 17 private sector banks, 27 regional rural banks, 25 micro financial institutions (MFIs), and 21 non-banking financial institutions (NBFCs) to be enrolled as partner institution.&lt;br /&gt;&lt;br /&gt;Apart from credit facilities by these institutions, an overdraft facility of up to 5,000 under Pradhan Mantri Jan Dhan Yojana will also be covered under the scheme.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Credit guarantee&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Under the scheme, refinance/credit guarantee will be provided. Keeping this in mind, the process to get Expenditure Finance Committee (EFC) nod for 3,000-crore credit guarantee fund has been initiated and approval is expected soon. The corpus can guarantee up to 40-45,000 crore loans. This will enable various small-small banks, NBFCs and MFIs to give loans to people at cheaper rates. Because once the guarantee is given, the risk margin will come down.&lt;br /&gt;&lt;br /&gt;MUDRA cards, similar to debit cards, are also being proposed. It will work on RuPay platform and can be used in ATMs and merchant establishments.&lt;br /&gt;&lt;br /&gt;The plan is to provide 20-30 per cent of the loan requirement through this card.&lt;br /&gt;&lt;br /&gt;In the next stage, the Centre aims to set up MUDRA Bank with a corpus of 20,000 crore. A Bill will be introduced soon in Parliament to set up a refinance mechanism on the lines on SIDBI. &lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/1-lakh-cr-to-be-disbursed-under-mudra-for-micro-entrepreneurs-shishir-sinha-4676479.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | ₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha | Im4change.org</title>
    <meta name="description" content="
-The Hindu Business Line

Finance Minister meets bankers to set targets

To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal.

According to a senior government official, the credit..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">-The Hindu Business Line<br /><br /><em>Finance Minister meets bankers to set targets<br /></em><br />To promote very small businesses, the Centre aims to facilitate credit up to 1 lakh crore under the MUDRA scheme in the current fiscal.<br /><br />According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently.<br /><br />It was proposed that for the current fiscal, the target under &lsquo;Shishu&rsquo; category would be 40,000 crore, for &lsquo;Kishor&rsquo; 35,000 crore, and &lsquo;Tarun&rsquo; 25,000 crore.<br /><br />The Centre has already made it clear that it would facilitate more credit to the first category at it promotes not only self entrepreneurship but also more employment opportunities.<br /><br />&ldquo;The whole concept is promoting entrepreneurship at micro level through funding the un-funded,&rdquo; a senior government official told BusinessLine. MUDRA (Micro Units Development and Refinance Agency Ltd), which was proposed in the Budget, was launched by the Prime Minister on April 8.<br /><br />Under the new scheme, there are three categories of loans &mdash; &lsquo;Shishu&rsquo; (loan up to 50,000) &lsquo;Kishor&rsquo; (loan above 50,000 up to 5 lakh) and &lsquo;Tarun&rsquo; (above 5 lakh up to 10 lakh) &mdash; that will be disbursed by the banks. The amount will be refinanced through the new scheme which is being implemented by a subsidiary of SIDBI.<br /><br /><em>NSSO study<br /></em><br />The MUDRA concept is based on National Sample Survey Organisation&rsquo;s (NSSO) 2013 study which talked about 5.77 crore informal enterprises.<br /><br />They are unincorporated, single person or two person enterprises. They get just 4 per cent of their credit requirements from the institutional mechanism, while 96 per cent comes from informal sources even while they give employment to about 12 crore people.<br /><br />To help these entrepreneurs, the Government has offered 27 public sector banks, 17 private sector banks, 27 regional rural banks, 25 micro financial institutions (MFIs), and 21 non-banking financial institutions (NBFCs) to be enrolled as partner institution.<br /><br />Apart from credit facilities by these institutions, an overdraft facility of up to 5,000 under Pradhan Mantri Jan Dhan Yojana will also be covered under the scheme.<br /><br /><em>Credit guarantee<br /></em><br />Under the scheme, refinance/credit guarantee will be provided. Keeping this in mind, the process to get Expenditure Finance Committee (EFC) nod for 3,000-crore credit guarantee fund has been initiated and approval is expected soon. The corpus can guarantee up to 40-45,000 crore loans. This will enable various small-small banks, NBFCs and MFIs to give loans to people at cheaper rates. Because once the guarantee is given, the risk margin will come down.<br /><br />MUDRA cards, similar to debit cards, are also being proposed. It will work on RuPay platform and can be used in ATMs and merchant establishments.<br /><br />The plan is to provide 20-30 per cent of the loan requirement through this card.<br /><br />In the next stage, the Centre aims to set up MUDRA Bank with a corpus of 20,000 crore. A Bill will be introduced soon in Parliament to set up a refinance mechanism on the lines on SIDBI. <br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$maxBufferLength = (int) 8192
$file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php'
$line = (int) 853
$message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Code Context
            $response->getStatusCode(),

            ($reasonPhrase ? ' ' . $reasonPhrase : '')

        ));
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ef32d14ea0f-trace').style.display = (document.getElementById('cakeErr67ef32d14ea0f-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67ef32d14ea0f-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ef32d14ea0f-code').style.display = (document.getElementById('cakeErr67ef32d14ea0f-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ef32d14ea0f-context').style.display = (document.getElementById('cakeErr67ef32d14ea0f-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67ef32d14ea0f-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67ef32d14ea0f-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 28427,
		&#039;title&#039; =&gt; &#039;₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Finance Minister meets bankers to set targets&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal.&lt;br /&gt;
&lt;br /&gt;
According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently.&lt;br /&gt;
&lt;br /&gt;
It was proposed that for the current fiscal, the target under &amp;lsquo;Shishu&amp;rsquo; category would be ₹40,000 crore, for &amp;lsquo;Kishor&amp;rsquo; ₹35,000 crore, and &amp;lsquo;Tarun&amp;rsquo; ₹25,000 crore.&lt;br /&gt;
&lt;br /&gt;
The Centre has already made it clear that it would facilitate more credit to the first category at it promotes not only self entrepreneurship but also more employment opportunities.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The whole concept is promoting entrepreneurship at micro level through funding the un-funded,&amp;rdquo; a senior government official told BusinessLine. MUDRA (Micro Units Development and Refinance Agency Ltd), which was proposed in the Budget, was launched by the Prime Minister on April 8.&lt;br /&gt;
&lt;br /&gt;
Under the new scheme, there are three categories of loans &amp;mdash; &amp;lsquo;Shishu&amp;rsquo; (loan up to ₹50,000) &amp;lsquo;Kishor&amp;rsquo; (loan above ₹50,000 up to ₹5 lakh) and &amp;lsquo;Tarun&amp;rsquo; (above ₹5 lakh up to ₹10 lakh) &amp;mdash; that will be disbursed by the banks. The amount will be refinanced through the new scheme which is being implemented by a subsidiary of SIDBI.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;NSSO study&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The MUDRA concept is based on National Sample Survey Organisation&amp;rsquo;s (NSSO) 2013 study which talked about 5.77 crore informal enterprises.&lt;br /&gt;
&lt;br /&gt;
They are unincorporated, single person or two person enterprises. They get just 4 per cent of their credit requirements from the institutional mechanism, while 96 per cent comes from informal sources even while they give employment to about 12 crore people.&lt;br /&gt;
&lt;br /&gt;
To help these entrepreneurs, the Government has offered 27 public sector banks, 17 private sector banks, 27 regional rural banks, 25 micro financial institutions (MFIs), and 21 non-banking financial institutions (NBFCs) to be enrolled as partner institution.&lt;br /&gt;
&lt;br /&gt;
Apart from credit facilities by these institutions, an overdraft facility of up to ₹5,000 under Pradhan Mantri Jan Dhan Yojana will also be covered under the scheme.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Credit guarantee&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Under the scheme, refinance/credit guarantee will be provided. Keeping this in mind, the process to get Expenditure Finance Committee (EFC) nod for ₹3,000-crore credit guarantee fund has been initiated and approval is expected soon. The corpus can guarantee up to ₹40-45,000 crore loans. This will enable various small-small banks, NBFCs and MFIs to give loans to people at cheaper rates. Because once the guarantee is given, the risk margin will come down.&lt;br /&gt;
&lt;br /&gt;
MUDRA cards, similar to debit cards, are also being proposed. It will work on RuPay platform and can be used in ATMs and merchant establishments.&lt;br /&gt;
&lt;br /&gt;
The plan is to provide 20-30 per cent of the loan requirement through this card.&lt;br /&gt;
&lt;br /&gt;
In the next stage, the Centre aims to set up MUDRA Bank with a corpus of ₹20,000 crore. A Bill will be introduced soon in Parliament to set up a refinance mechanism on the lines on SIDBI. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Hindu Business Line, 23 June, 2015, http://www.thehindubusinessline.com/banking/1lakh-cr-to-be-disbursed-under-mudra-for-microentrepreneurs/article7347207.ece?homepage=true&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;1-lakh-cr-to-be-disbursed-under-mudra-for-micro-entrepreneurs-shishir-sinha-4676479&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4676479,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 28427,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | ₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Access to Finance,Small and Medium Enterprises,MUDRA Bank,msmes,SMEs&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
-The Hindu Business Line

Finance Minister meets bankers to set targets

To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal.

According to a senior government official, the credit...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Finance Minister meets bankers to set targets&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;To promote very small businesses, the Centre aims to facilitate credit up to 1 lakh crore under the MUDRA scheme in the current fiscal.&lt;br /&gt;&lt;br /&gt;According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently.&lt;br /&gt;&lt;br /&gt;It was proposed that for the current fiscal, the target under &amp;lsquo;Shishu&amp;rsquo; category would be 40,000 crore, for &amp;lsquo;Kishor&amp;rsquo; 35,000 crore, and &amp;lsquo;Tarun&amp;rsquo; 25,000 crore.&lt;br /&gt;&lt;br /&gt;The Centre has already made it clear that it would facilitate more credit to the first category at it promotes not only self entrepreneurship but also more employment opportunities.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The whole concept is promoting entrepreneurship at micro level through funding the un-funded,&amp;rdquo; a senior government official told BusinessLine. MUDRA (Micro Units Development and Refinance Agency Ltd), which was proposed in the Budget, was launched by the Prime Minister on April 8.&lt;br /&gt;&lt;br /&gt;Under the new scheme, there are three categories of loans &amp;mdash; &amp;lsquo;Shishu&amp;rsquo; (loan up to 50,000) &amp;lsquo;Kishor&amp;rsquo; (loan above 50,000 up to 5 lakh) and &amp;lsquo;Tarun&amp;rsquo; (above 5 lakh up to 10 lakh) &amp;mdash; that will be disbursed by the banks. The amount will be refinanced through the new scheme which is being implemented by a subsidiary of SIDBI.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;NSSO study&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The MUDRA concept is based on National Sample Survey Organisation&amp;rsquo;s (NSSO) 2013 study which talked about 5.77 crore informal enterprises.&lt;br /&gt;&lt;br /&gt;They are unincorporated, single person or two person enterprises. They get just 4 per cent of their credit requirements from the institutional mechanism, while 96 per cent comes from informal sources even while they give employment to about 12 crore people.&lt;br /&gt;&lt;br /&gt;To help these entrepreneurs, the Government has offered 27 public sector banks, 17 private sector banks, 27 regional rural banks, 25 micro financial institutions (MFIs), and 21 non-banking financial institutions (NBFCs) to be enrolled as partner institution.&lt;br /&gt;&lt;br /&gt;Apart from credit facilities by these institutions, an overdraft facility of up to 5,000 under Pradhan Mantri Jan Dhan Yojana will also be covered under the scheme.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Credit guarantee&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Under the scheme, refinance/credit guarantee will be provided. Keeping this in mind, the process to get Expenditure Finance Committee (EFC) nod for 3,000-crore credit guarantee fund has been initiated and approval is expected soon. The corpus can guarantee up to 40-45,000 crore loans. This will enable various small-small banks, NBFCs and MFIs to give loans to people at cheaper rates. Because once the guarantee is given, the risk margin will come down.&lt;br /&gt;&lt;br /&gt;MUDRA cards, similar to debit cards, are also being proposed. It will work on RuPay platform and can be used in ATMs and merchant establishments.&lt;br /&gt;&lt;br /&gt;The plan is to provide 20-30 per cent of the loan requirement through this card.&lt;br /&gt;&lt;br /&gt;In the next stage, the Centre aims to set up MUDRA Bank with a corpus of 20,000 crore. A Bill will be introduced soon in Parliament to set up a refinance mechanism on the lines on SIDBI. &lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 28427,
	&#039;title&#039; =&gt; &#039;₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Finance Minister meets bankers to set targets&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal.&lt;br /&gt;
&lt;br /&gt;
According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently.&lt;br /&gt;
&lt;br /&gt;
It was proposed that for the current fiscal, the target under &amp;lsquo;Shishu&amp;rsquo; category would be ₹40,000 crore, for &amp;lsquo;Kishor&amp;rsquo; ₹35,000 crore, and &amp;lsquo;Tarun&amp;rsquo; ₹25,000 crore.&lt;br /&gt;
&lt;br /&gt;
The Centre has already made it clear that it would facilitate more credit to the first category at it promotes not only self entrepreneurship but also more employment opportunities.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The whole concept is promoting entrepreneurship at micro level through funding the un-funded,&amp;rdquo; a senior government official told BusinessLine. MUDRA (Micro Units Development and Refinance Agency Ltd), which was proposed in the Budget, was launched by the Prime Minister on April 8.&lt;br /&gt;
&lt;br /&gt;
Under the new scheme, there are three categories of loans &amp;mdash; &amp;lsquo;Shishu&amp;rsquo; (loan up to ₹50,000) &amp;lsquo;Kishor&amp;rsquo; (loan above ₹50,000 up to ₹5 lakh) and &amp;lsquo;Tarun&amp;rsquo; (above ₹5 lakh up to ₹10 lakh) &amp;mdash; that will be disbursed by the banks. The amount will be refinanced through the new scheme which is being implemented by a subsidiary of SIDBI.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;NSSO study&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The MUDRA concept is based on National Sample Survey Organisation&amp;rsquo;s (NSSO) 2013 study which talked about 5.77 crore informal enterprises.&lt;br /&gt;
&lt;br /&gt;
They are unincorporated, single person or two person enterprises. They get just 4 per cent of their credit requirements from the institutional mechanism, while 96 per cent comes from informal sources even while they give employment to about 12 crore people.&lt;br /&gt;
&lt;br /&gt;
To help these entrepreneurs, the Government has offered 27 public sector banks, 17 private sector banks, 27 regional rural banks, 25 micro financial institutions (MFIs), and 21 non-banking financial institutions (NBFCs) to be enrolled as partner institution.&lt;br /&gt;
&lt;br /&gt;
Apart from credit facilities by these institutions, an overdraft facility of up to ₹5,000 under Pradhan Mantri Jan Dhan Yojana will also be covered under the scheme.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Credit guarantee&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Under the scheme, refinance/credit guarantee will be provided. Keeping this in mind, the process to get Expenditure Finance Committee (EFC) nod for ₹3,000-crore credit guarantee fund has been initiated and approval is expected soon. The corpus can guarantee up to ₹40-45,000 crore loans. This will enable various small-small banks, NBFCs and MFIs to give loans to people at cheaper rates. Because once the guarantee is given, the risk margin will come down.&lt;br /&gt;
&lt;br /&gt;
MUDRA cards, similar to debit cards, are also being proposed. It will work on RuPay platform and can be used in ATMs and merchant establishments.&lt;br /&gt;
&lt;br /&gt;
The plan is to provide 20-30 per cent of the loan requirement through this card.&lt;br /&gt;
&lt;br /&gt;
In the next stage, the Centre aims to set up MUDRA Bank with a corpus of ₹20,000 crore. A Bill will be introduced soon in Parliament to set up a refinance mechanism on the lines on SIDBI. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Hindu Business Line, 23 June, 2015, http://www.thehindubusinessline.com/banking/1lakh-cr-to-be-disbursed-under-mudra-for-microentrepreneurs/article7347207.ece?homepage=true&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;1-lakh-cr-to-be-disbursed-under-mudra-for-micro-entrepreneurs-shishir-sinha-4676479&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4676479,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 28427
$metaTitle = &#039;LATEST NEWS UPDATES | ₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha&#039;
$metaKeywords = &#039;Access to Finance,Small and Medium Enterprises,MUDRA Bank,msmes,SMEs&#039;
$metaDesc = &#039;
-The Hindu Business Line

Finance Minister meets bankers to set targets

To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal.

According to a senior government official, the credit...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Finance Minister meets bankers to set targets&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;To promote very small businesses, the Centre aims to facilitate credit up to 1 lakh crore under the MUDRA scheme in the current fiscal.&lt;br /&gt;&lt;br /&gt;According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently.&lt;br /&gt;&lt;br /&gt;It was proposed that for the current fiscal, the target under &amp;lsquo;Shishu&amp;rsquo; category would be 40,000 crore, for &amp;lsquo;Kishor&amp;rsquo; 35,000 crore, and &amp;lsquo;Tarun&amp;rsquo; 25,000 crore.&lt;br /&gt;&lt;br /&gt;The Centre has already made it clear that it would facilitate more credit to the first category at it promotes not only self entrepreneurship but also more employment opportunities.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The whole concept is promoting entrepreneurship at micro level through funding the un-funded,&amp;rdquo; a senior government official told BusinessLine. MUDRA (Micro Units Development and Refinance Agency Ltd), which was proposed in the Budget, was launched by the Prime Minister on April 8.&lt;br /&gt;&lt;br /&gt;Under the new scheme, there are three categories of loans &amp;mdash; &amp;lsquo;Shishu&amp;rsquo; (loan up to 50,000) &amp;lsquo;Kishor&amp;rsquo; (loan above 50,000 up to 5 lakh) and &amp;lsquo;Tarun&amp;rsquo; (above 5 lakh up to 10 lakh) &amp;mdash; that will be disbursed by the banks. The amount will be refinanced through the new scheme which is being implemented by a subsidiary of SIDBI.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;NSSO study&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The MUDRA concept is based on National Sample Survey Organisation&amp;rsquo;s (NSSO) 2013 study which talked about 5.77 crore informal enterprises.&lt;br /&gt;&lt;br /&gt;They are unincorporated, single person or two person enterprises. They get just 4 per cent of their credit requirements from the institutional mechanism, while 96 per cent comes from informal sources even while they give employment to about 12 crore people.&lt;br /&gt;&lt;br /&gt;To help these entrepreneurs, the Government has offered 27 public sector banks, 17 private sector banks, 27 regional rural banks, 25 micro financial institutions (MFIs), and 21 non-banking financial institutions (NBFCs) to be enrolled as partner institution.&lt;br /&gt;&lt;br /&gt;Apart from credit facilities by these institutions, an overdraft facility of up to 5,000 under Pradhan Mantri Jan Dhan Yojana will also be covered under the scheme.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Credit guarantee&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Under the scheme, refinance/credit guarantee will be provided. Keeping this in mind, the process to get Expenditure Finance Committee (EFC) nod for 3,000-crore credit guarantee fund has been initiated and approval is expected soon. The corpus can guarantee up to 40-45,000 crore loans. This will enable various small-small banks, NBFCs and MFIs to give loans to people at cheaper rates. Because once the guarantee is given, the risk margin will come down.&lt;br /&gt;&lt;br /&gt;MUDRA cards, similar to debit cards, are also being proposed. It will work on RuPay platform and can be used in ATMs and merchant establishments.&lt;br /&gt;&lt;br /&gt;The plan is to provide 20-30 per cent of the loan requirement through this card.&lt;br /&gt;&lt;br /&gt;In the next stage, the Centre aims to set up MUDRA Bank with a corpus of 20,000 crore. A Bill will be introduced soon in Parliament to set up a refinance mechanism on the lines on SIDBI. &lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/1-lakh-cr-to-be-disbursed-under-mudra-for-micro-entrepreneurs-shishir-sinha-4676479.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | ₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha | Im4change.org</title>
    <meta name="description" content="
-The Hindu Business Line

Finance Minister meets bankers to set targets

To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal.

According to a senior government official, the credit..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">-The Hindu Business Line<br /><br /><em>Finance Minister meets bankers to set targets<br /></em><br />To promote very small businesses, the Centre aims to facilitate credit up to 1 lakh crore under the MUDRA scheme in the current fiscal.<br /><br />According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently.<br /><br />It was proposed that for the current fiscal, the target under &lsquo;Shishu&rsquo; category would be 40,000 crore, for &lsquo;Kishor&rsquo; 35,000 crore, and &lsquo;Tarun&rsquo; 25,000 crore.<br /><br />The Centre has already made it clear that it would facilitate more credit to the first category at it promotes not only self entrepreneurship but also more employment opportunities.<br /><br />&ldquo;The whole concept is promoting entrepreneurship at micro level through funding the un-funded,&rdquo; a senior government official told BusinessLine. MUDRA (Micro Units Development and Refinance Agency Ltd), which was proposed in the Budget, was launched by the Prime Minister on April 8.<br /><br />Under the new scheme, there are three categories of loans &mdash; &lsquo;Shishu&rsquo; (loan up to 50,000) &lsquo;Kishor&rsquo; (loan above 50,000 up to 5 lakh) and &lsquo;Tarun&rsquo; (above 5 lakh up to 10 lakh) &mdash; that will be disbursed by the banks. The amount will be refinanced through the new scheme which is being implemented by a subsidiary of SIDBI.<br /><br /><em>NSSO study<br /></em><br />The MUDRA concept is based on National Sample Survey Organisation&rsquo;s (NSSO) 2013 study which talked about 5.77 crore informal enterprises.<br /><br />They are unincorporated, single person or two person enterprises. They get just 4 per cent of their credit requirements from the institutional mechanism, while 96 per cent comes from informal sources even while they give employment to about 12 crore people.<br /><br />To help these entrepreneurs, the Government has offered 27 public sector banks, 17 private sector banks, 27 regional rural banks, 25 micro financial institutions (MFIs), and 21 non-banking financial institutions (NBFCs) to be enrolled as partner institution.<br /><br />Apart from credit facilities by these institutions, an overdraft facility of up to 5,000 under Pradhan Mantri Jan Dhan Yojana will also be covered under the scheme.<br /><br /><em>Credit guarantee<br /></em><br />Under the scheme, refinance/credit guarantee will be provided. Keeping this in mind, the process to get Expenditure Finance Committee (EFC) nod for 3,000-crore credit guarantee fund has been initiated and approval is expected soon. The corpus can guarantee up to 40-45,000 crore loans. This will enable various small-small banks, NBFCs and MFIs to give loans to people at cheaper rates. Because once the guarantee is given, the risk margin will come down.<br /><br />MUDRA cards, similar to debit cards, are also being proposed. It will work on RuPay platform and can be used in ATMs and merchant establishments.<br /><br />The plan is to provide 20-30 per cent of the loan requirement through this card.<br /><br />In the next stage, the Centre aims to set up MUDRA Bank with a corpus of 20,000 crore. A Bill will be introduced soon in Parliament to set up a refinance mechanism on the lines on SIDBI. <br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$reasonPhrase = 'OK'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
Code Context
                    $value

                ), $first);

                $first = false;
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ef32d14ea0f-trace').style.display = (document.getElementById('cakeErr67ef32d14ea0f-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67ef32d14ea0f-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ef32d14ea0f-code').style.display = (document.getElementById('cakeErr67ef32d14ea0f-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ef32d14ea0f-context').style.display = (document.getElementById('cakeErr67ef32d14ea0f-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67ef32d14ea0f-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67ef32d14ea0f-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 28427,
		&#039;title&#039; =&gt; &#039;₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Finance Minister meets bankers to set targets&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal.&lt;br /&gt;
&lt;br /&gt;
According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently.&lt;br /&gt;
&lt;br /&gt;
It was proposed that for the current fiscal, the target under &amp;lsquo;Shishu&amp;rsquo; category would be ₹40,000 crore, for &amp;lsquo;Kishor&amp;rsquo; ₹35,000 crore, and &amp;lsquo;Tarun&amp;rsquo; ₹25,000 crore.&lt;br /&gt;
&lt;br /&gt;
The Centre has already made it clear that it would facilitate more credit to the first category at it promotes not only self entrepreneurship but also more employment opportunities.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The whole concept is promoting entrepreneurship at micro level through funding the un-funded,&amp;rdquo; a senior government official told BusinessLine. MUDRA (Micro Units Development and Refinance Agency Ltd), which was proposed in the Budget, was launched by the Prime Minister on April 8.&lt;br /&gt;
&lt;br /&gt;
Under the new scheme, there are three categories of loans &amp;mdash; &amp;lsquo;Shishu&amp;rsquo; (loan up to ₹50,000) &amp;lsquo;Kishor&amp;rsquo; (loan above ₹50,000 up to ₹5 lakh) and &amp;lsquo;Tarun&amp;rsquo; (above ₹5 lakh up to ₹10 lakh) &amp;mdash; that will be disbursed by the banks. The amount will be refinanced through the new scheme which is being implemented by a subsidiary of SIDBI.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;NSSO study&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The MUDRA concept is based on National Sample Survey Organisation&amp;rsquo;s (NSSO) 2013 study which talked about 5.77 crore informal enterprises.&lt;br /&gt;
&lt;br /&gt;
They are unincorporated, single person or two person enterprises. They get just 4 per cent of their credit requirements from the institutional mechanism, while 96 per cent comes from informal sources even while they give employment to about 12 crore people.&lt;br /&gt;
&lt;br /&gt;
To help these entrepreneurs, the Government has offered 27 public sector banks, 17 private sector banks, 27 regional rural banks, 25 micro financial institutions (MFIs), and 21 non-banking financial institutions (NBFCs) to be enrolled as partner institution.&lt;br /&gt;
&lt;br /&gt;
Apart from credit facilities by these institutions, an overdraft facility of up to ₹5,000 under Pradhan Mantri Jan Dhan Yojana will also be covered under the scheme.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Credit guarantee&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Under the scheme, refinance/credit guarantee will be provided. Keeping this in mind, the process to get Expenditure Finance Committee (EFC) nod for ₹3,000-crore credit guarantee fund has been initiated and approval is expected soon. The corpus can guarantee up to ₹40-45,000 crore loans. This will enable various small-small banks, NBFCs and MFIs to give loans to people at cheaper rates. Because once the guarantee is given, the risk margin will come down.&lt;br /&gt;
&lt;br /&gt;
MUDRA cards, similar to debit cards, are also being proposed. It will work on RuPay platform and can be used in ATMs and merchant establishments.&lt;br /&gt;
&lt;br /&gt;
The plan is to provide 20-30 per cent of the loan requirement through this card.&lt;br /&gt;
&lt;br /&gt;
In the next stage, the Centre aims to set up MUDRA Bank with a corpus of ₹20,000 crore. A Bill will be introduced soon in Parliament to set up a refinance mechanism on the lines on SIDBI. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Hindu Business Line, 23 June, 2015, http://www.thehindubusinessline.com/banking/1lakh-cr-to-be-disbursed-under-mudra-for-microentrepreneurs/article7347207.ece?homepage=true&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;1-lakh-cr-to-be-disbursed-under-mudra-for-micro-entrepreneurs-shishir-sinha-4676479&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4676479,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 28427,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | ₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Access to Finance,Small and Medium Enterprises,MUDRA Bank,msmes,SMEs&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
-The Hindu Business Line

Finance Minister meets bankers to set targets

To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal.

According to a senior government official, the credit...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Finance Minister meets bankers to set targets&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;To promote very small businesses, the Centre aims to facilitate credit up to 1 lakh crore under the MUDRA scheme in the current fiscal.&lt;br /&gt;&lt;br /&gt;According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently.&lt;br /&gt;&lt;br /&gt;It was proposed that for the current fiscal, the target under &amp;lsquo;Shishu&amp;rsquo; category would be 40,000 crore, for &amp;lsquo;Kishor&amp;rsquo; 35,000 crore, and &amp;lsquo;Tarun&amp;rsquo; 25,000 crore.&lt;br /&gt;&lt;br /&gt;The Centre has already made it clear that it would facilitate more credit to the first category at it promotes not only self entrepreneurship but also more employment opportunities.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The whole concept is promoting entrepreneurship at micro level through funding the un-funded,&amp;rdquo; a senior government official told BusinessLine. MUDRA (Micro Units Development and Refinance Agency Ltd), which was proposed in the Budget, was launched by the Prime Minister on April 8.&lt;br /&gt;&lt;br /&gt;Under the new scheme, there are three categories of loans &amp;mdash; &amp;lsquo;Shishu&amp;rsquo; (loan up to 50,000) &amp;lsquo;Kishor&amp;rsquo; (loan above 50,000 up to 5 lakh) and &amp;lsquo;Tarun&amp;rsquo; (above 5 lakh up to 10 lakh) &amp;mdash; that will be disbursed by the banks. The amount will be refinanced through the new scheme which is being implemented by a subsidiary of SIDBI.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;NSSO study&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The MUDRA concept is based on National Sample Survey Organisation&amp;rsquo;s (NSSO) 2013 study which talked about 5.77 crore informal enterprises.&lt;br /&gt;&lt;br /&gt;They are unincorporated, single person or two person enterprises. They get just 4 per cent of their credit requirements from the institutional mechanism, while 96 per cent comes from informal sources even while they give employment to about 12 crore people.&lt;br /&gt;&lt;br /&gt;To help these entrepreneurs, the Government has offered 27 public sector banks, 17 private sector banks, 27 regional rural banks, 25 micro financial institutions (MFIs), and 21 non-banking financial institutions (NBFCs) to be enrolled as partner institution.&lt;br /&gt;&lt;br /&gt;Apart from credit facilities by these institutions, an overdraft facility of up to 5,000 under Pradhan Mantri Jan Dhan Yojana will also be covered under the scheme.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Credit guarantee&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Under the scheme, refinance/credit guarantee will be provided. Keeping this in mind, the process to get Expenditure Finance Committee (EFC) nod for 3,000-crore credit guarantee fund has been initiated and approval is expected soon. The corpus can guarantee up to 40-45,000 crore loans. This will enable various small-small banks, NBFCs and MFIs to give loans to people at cheaper rates. Because once the guarantee is given, the risk margin will come down.&lt;br /&gt;&lt;br /&gt;MUDRA cards, similar to debit cards, are also being proposed. It will work on RuPay platform and can be used in ATMs and merchant establishments.&lt;br /&gt;&lt;br /&gt;The plan is to provide 20-30 per cent of the loan requirement through this card.&lt;br /&gt;&lt;br /&gt;In the next stage, the Centre aims to set up MUDRA Bank with a corpus of 20,000 crore. A Bill will be introduced soon in Parliament to set up a refinance mechanism on the lines on SIDBI. &lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 28427,
	&#039;title&#039; =&gt; &#039;₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Finance Minister meets bankers to set targets&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal.&lt;br /&gt;
&lt;br /&gt;
According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently.&lt;br /&gt;
&lt;br /&gt;
It was proposed that for the current fiscal, the target under &amp;lsquo;Shishu&amp;rsquo; category would be ₹40,000 crore, for &amp;lsquo;Kishor&amp;rsquo; ₹35,000 crore, and &amp;lsquo;Tarun&amp;rsquo; ₹25,000 crore.&lt;br /&gt;
&lt;br /&gt;
The Centre has already made it clear that it would facilitate more credit to the first category at it promotes not only self entrepreneurship but also more employment opportunities.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The whole concept is promoting entrepreneurship at micro level through funding the un-funded,&amp;rdquo; a senior government official told BusinessLine. MUDRA (Micro Units Development and Refinance Agency Ltd), which was proposed in the Budget, was launched by the Prime Minister on April 8.&lt;br /&gt;
&lt;br /&gt;
Under the new scheme, there are three categories of loans &amp;mdash; &amp;lsquo;Shishu&amp;rsquo; (loan up to ₹50,000) &amp;lsquo;Kishor&amp;rsquo; (loan above ₹50,000 up to ₹5 lakh) and &amp;lsquo;Tarun&amp;rsquo; (above ₹5 lakh up to ₹10 lakh) &amp;mdash; that will be disbursed by the banks. The amount will be refinanced through the new scheme which is being implemented by a subsidiary of SIDBI.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;NSSO study&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The MUDRA concept is based on National Sample Survey Organisation&amp;rsquo;s (NSSO) 2013 study which talked about 5.77 crore informal enterprises.&lt;br /&gt;
&lt;br /&gt;
They are unincorporated, single person or two person enterprises. They get just 4 per cent of their credit requirements from the institutional mechanism, while 96 per cent comes from informal sources even while they give employment to about 12 crore people.&lt;br /&gt;
&lt;br /&gt;
To help these entrepreneurs, the Government has offered 27 public sector banks, 17 private sector banks, 27 regional rural banks, 25 micro financial institutions (MFIs), and 21 non-banking financial institutions (NBFCs) to be enrolled as partner institution.&lt;br /&gt;
&lt;br /&gt;
Apart from credit facilities by these institutions, an overdraft facility of up to ₹5,000 under Pradhan Mantri Jan Dhan Yojana will also be covered under the scheme.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Credit guarantee&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Under the scheme, refinance/credit guarantee will be provided. Keeping this in mind, the process to get Expenditure Finance Committee (EFC) nod for ₹3,000-crore credit guarantee fund has been initiated and approval is expected soon. The corpus can guarantee up to ₹40-45,000 crore loans. This will enable various small-small banks, NBFCs and MFIs to give loans to people at cheaper rates. Because once the guarantee is given, the risk margin will come down.&lt;br /&gt;
&lt;br /&gt;
MUDRA cards, similar to debit cards, are also being proposed. It will work on RuPay platform and can be used in ATMs and merchant establishments.&lt;br /&gt;
&lt;br /&gt;
The plan is to provide 20-30 per cent of the loan requirement through this card.&lt;br /&gt;
&lt;br /&gt;
In the next stage, the Centre aims to set up MUDRA Bank with a corpus of ₹20,000 crore. A Bill will be introduced soon in Parliament to set up a refinance mechanism on the lines on SIDBI. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Hindu Business Line, 23 June, 2015, http://www.thehindubusinessline.com/banking/1lakh-cr-to-be-disbursed-under-mudra-for-microentrepreneurs/article7347207.ece?homepage=true&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;1-lakh-cr-to-be-disbursed-under-mudra-for-micro-entrepreneurs-shishir-sinha-4676479&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4676479,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 28427
$metaTitle = &#039;LATEST NEWS UPDATES | ₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha&#039;
$metaKeywords = &#039;Access to Finance,Small and Medium Enterprises,MUDRA Bank,msmes,SMEs&#039;
$metaDesc = &#039;
-The Hindu Business Line

Finance Minister meets bankers to set targets

To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal.

According to a senior government official, the credit...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Finance Minister meets bankers to set targets&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;To promote very small businesses, the Centre aims to facilitate credit up to 1 lakh crore under the MUDRA scheme in the current fiscal.&lt;br /&gt;&lt;br /&gt;According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently.&lt;br /&gt;&lt;br /&gt;It was proposed that for the current fiscal, the target under &amp;lsquo;Shishu&amp;rsquo; category would be 40,000 crore, for &amp;lsquo;Kishor&amp;rsquo; 35,000 crore, and &amp;lsquo;Tarun&amp;rsquo; 25,000 crore.&lt;br /&gt;&lt;br /&gt;The Centre has already made it clear that it would facilitate more credit to the first category at it promotes not only self entrepreneurship but also more employment opportunities.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The whole concept is promoting entrepreneurship at micro level through funding the un-funded,&amp;rdquo; a senior government official told BusinessLine. MUDRA (Micro Units Development and Refinance Agency Ltd), which was proposed in the Budget, was launched by the Prime Minister on April 8.&lt;br /&gt;&lt;br /&gt;Under the new scheme, there are three categories of loans &amp;mdash; &amp;lsquo;Shishu&amp;rsquo; (loan up to 50,000) &amp;lsquo;Kishor&amp;rsquo; (loan above 50,000 up to 5 lakh) and &amp;lsquo;Tarun&amp;rsquo; (above 5 lakh up to 10 lakh) &amp;mdash; that will be disbursed by the banks. The amount will be refinanced through the new scheme which is being implemented by a subsidiary of SIDBI.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;NSSO study&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The MUDRA concept is based on National Sample Survey Organisation&amp;rsquo;s (NSSO) 2013 study which talked about 5.77 crore informal enterprises.&lt;br /&gt;&lt;br /&gt;They are unincorporated, single person or two person enterprises. They get just 4 per cent of their credit requirements from the institutional mechanism, while 96 per cent comes from informal sources even while they give employment to about 12 crore people.&lt;br /&gt;&lt;br /&gt;To help these entrepreneurs, the Government has offered 27 public sector banks, 17 private sector banks, 27 regional rural banks, 25 micro financial institutions (MFIs), and 21 non-banking financial institutions (NBFCs) to be enrolled as partner institution.&lt;br /&gt;&lt;br /&gt;Apart from credit facilities by these institutions, an overdraft facility of up to 5,000 under Pradhan Mantri Jan Dhan Yojana will also be covered under the scheme.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Credit guarantee&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Under the scheme, refinance/credit guarantee will be provided. Keeping this in mind, the process to get Expenditure Finance Committee (EFC) nod for 3,000-crore credit guarantee fund has been initiated and approval is expected soon. The corpus can guarantee up to 40-45,000 crore loans. This will enable various small-small banks, NBFCs and MFIs to give loans to people at cheaper rates. Because once the guarantee is given, the risk margin will come down.&lt;br /&gt;&lt;br /&gt;MUDRA cards, similar to debit cards, are also being proposed. It will work on RuPay platform and can be used in ATMs and merchant establishments.&lt;br /&gt;&lt;br /&gt;The plan is to provide 20-30 per cent of the loan requirement through this card.&lt;br /&gt;&lt;br /&gt;In the next stage, the Centre aims to set up MUDRA Bank with a corpus of 20,000 crore. A Bill will be introduced soon in Parliament to set up a refinance mechanism on the lines on SIDBI. &lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/1-lakh-cr-to-be-disbursed-under-mudra-for-micro-entrepreneurs-shishir-sinha-4676479.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | ₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha | Im4change.org</title>
    <meta name="description" content="
-The Hindu Business Line

Finance Minister meets bankers to set targets

To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal.

According to a senior government official, the credit..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">-The Hindu Business Line<br /><br /><em>Finance Minister meets bankers to set targets<br /></em><br />To promote very small businesses, the Centre aims to facilitate credit up to 1 lakh crore under the MUDRA scheme in the current fiscal.<br /><br />According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently.<br /><br />It was proposed that for the current fiscal, the target under &lsquo;Shishu&rsquo; category would be 40,000 crore, for &lsquo;Kishor&rsquo; 35,000 crore, and &lsquo;Tarun&rsquo; 25,000 crore.<br /><br />The Centre has already made it clear that it would facilitate more credit to the first category at it promotes not only self entrepreneurship but also more employment opportunities.<br /><br />&ldquo;The whole concept is promoting entrepreneurship at micro level through funding the un-funded,&rdquo; a senior government official told BusinessLine. MUDRA (Micro Units Development and Refinance Agency Ltd), which was proposed in the Budget, was launched by the Prime Minister on April 8.<br /><br />Under the new scheme, there are three categories of loans &mdash; &lsquo;Shishu&rsquo; (loan up to 50,000) &lsquo;Kishor&rsquo; (loan above 50,000 up to 5 lakh) and &lsquo;Tarun&rsquo; (above 5 lakh up to 10 lakh) &mdash; that will be disbursed by the banks. The amount will be refinanced through the new scheme which is being implemented by a subsidiary of SIDBI.<br /><br /><em>NSSO study<br /></em><br />The MUDRA concept is based on National Sample Survey Organisation&rsquo;s (NSSO) 2013 study which talked about 5.77 crore informal enterprises.<br /><br />They are unincorporated, single person or two person enterprises. They get just 4 per cent of their credit requirements from the institutional mechanism, while 96 per cent comes from informal sources even while they give employment to about 12 crore people.<br /><br />To help these entrepreneurs, the Government has offered 27 public sector banks, 17 private sector banks, 27 regional rural banks, 25 micro financial institutions (MFIs), and 21 non-banking financial institutions (NBFCs) to be enrolled as partner institution.<br /><br />Apart from credit facilities by these institutions, an overdraft facility of up to 5,000 under Pradhan Mantri Jan Dhan Yojana will also be covered under the scheme.<br /><br /><em>Credit guarantee<br /></em><br />Under the scheme, refinance/credit guarantee will be provided. Keeping this in mind, the process to get Expenditure Finance Committee (EFC) nod for 3,000-crore credit guarantee fund has been initiated and approval is expected soon. The corpus can guarantee up to 40-45,000 crore loans. This will enable various small-small banks, NBFCs and MFIs to give loans to people at cheaper rates. Because once the guarantee is given, the risk margin will come down.<br /><br />MUDRA cards, similar to debit cards, are also being proposed. It will work on RuPay platform and can be used in ATMs and merchant establishments.<br /><br />The plan is to provide 20-30 per cent of the loan requirement through this card.<br /><br />In the next stage, the Centre aims to set up MUDRA Bank with a corpus of 20,000 crore. A Bill will be introduced soon in Parliament to set up a refinance mechanism on the lines on SIDBI. <br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$cookies = []
$values = [
	(int) 0 => 'text/html; charset=UTF-8'
]
$name = 'Content-Type'
$first = true
$value = 'text/html; charset=UTF-8'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

<head>

    <link rel="canonical" href="<?php echo Configure::read('SITE_URL'); ?><?php echo $urlPrefix;?><?php echo $article_current->category->slug; ?>/<?php echo $article_current->seo_url; ?>.html"/>

    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>

$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
	'article_current' => object(App\Model\Entity\Article) {

		'id' => (int) 28427,
		'title' => '₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha',
		'subheading' => '',
		'description' => '<div align="justify">
-The Hindu Business Line<br />
<br />
<em>Finance Minister meets bankers to set targets<br />
</em><br />
To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal.<br />
<br />
According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently.<br />
<br />
It was proposed that for the current fiscal, the target under &lsquo;Shishu&rsquo; category would be ₹40,000 crore, for &lsquo;Kishor&rsquo; ₹35,000 crore, and &lsquo;Tarun&rsquo; ₹25,000 crore.<br />
<br />
The Centre has already made it clear that it would facilitate more credit to the first category at it promotes not only self entrepreneurship but also more employment opportunities.<br />
<br />
&ldquo;The whole concept is promoting entrepreneurship at micro level through funding the un-funded,&rdquo; a senior government official told BusinessLine. MUDRA (Micro Units Development and Refinance Agency Ltd), which was proposed in the Budget, was launched by the Prime Minister on April 8.<br />
<br />
Under the new scheme, there are three categories of loans &mdash; &lsquo;Shishu&rsquo; (loan up to ₹50,000) &lsquo;Kishor&rsquo; (loan above ₹50,000 up to ₹5 lakh) and &lsquo;Tarun&rsquo; (above ₹5 lakh up to ₹10 lakh) &mdash; that will be disbursed by the banks. The amount will be refinanced through the new scheme which is being implemented by a subsidiary of SIDBI.<br />
<br />
<em>NSSO study<br />
</em><br />
The MUDRA concept is based on National Sample Survey Organisation&rsquo;s (NSSO) 2013 study which talked about 5.77 crore informal enterprises.<br />
<br />
They are unincorporated, single person or two person enterprises. They get just 4 per cent of their credit requirements from the institutional mechanism, while 96 per cent comes from informal sources even while they give employment to about 12 crore people.<br />
<br />
To help these entrepreneurs, the Government has offered 27 public sector banks, 17 private sector banks, 27 regional rural banks, 25 micro financial institutions (MFIs), and 21 non-banking financial institutions (NBFCs) to be enrolled as partner institution.<br />
<br />
Apart from credit facilities by these institutions, an overdraft facility of up to ₹5,000 under Pradhan Mantri Jan Dhan Yojana will also be covered under the scheme.<br />
<br />
<em>Credit guarantee<br />
</em><br />
Under the scheme, refinance/credit guarantee will be provided. Keeping this in mind, the process to get Expenditure Finance Committee (EFC) nod for ₹3,000-crore credit guarantee fund has been initiated and approval is expected soon. The corpus can guarantee up to ₹40-45,000 crore loans. This will enable various small-small banks, NBFCs and MFIs to give loans to people at cheaper rates. Because once the guarantee is given, the risk margin will come down.<br />
<br />
MUDRA cards, similar to debit cards, are also being proposed. It will work on RuPay platform and can be used in ATMs and merchant establishments.<br />
<br />
The plan is to provide 20-30 per cent of the loan requirement through this card.<br />
<br />
In the next stage, the Centre aims to set up MUDRA Bank with a corpus of ₹20,000 crore. A Bill will be introduced soon in Parliament to set up a refinance mechanism on the lines on SIDBI. <br />
</div>',
		'credit_writer' => 'The Hindu Business Line, 23 June, 2015, http://www.thehindubusinessline.com/banking/1lakh-cr-to-be-disbursed-under-mudra-for-microentrepreneurs/article7347207.ece?homepage=true',
		'article_img' => '',
		'article_img_thumb' => '',
		'status' => (int) 1,
		'show_on_home' => (int) 1,
		'lang' => 'EN',
		'category_id' => (int) 16,
		'tag_keyword' => '',
		'seo_url' => '1-lakh-cr-to-be-disbursed-under-mudra-for-micro-entrepreneurs-shishir-sinha-4676479',
		'meta_title' => null,
		'meta_keywords' => null,
		'meta_description' => null,
		'noindex' => (int) 0,
		'publish_date' => object(Cake\I18n\FrozenDate) {},
		'most_visit_section_id' => null,
		'article_big_img' => null,
		'liveid' => (int) 4676479,
		'created' => object(Cake\I18n\FrozenTime) {},
		'modified' => object(Cake\I18n\FrozenTime) {},
		'edate' => '',
		'tags' => [
			[maximum depth reached]
		],
		'category' => object(App\Model\Entity\Category) {},
		'[new]' => false,
		'[accessible]' => [
			[maximum depth reached]
		],
		'[dirty]' => [[maximum depth reached]],
		'[original]' => [[maximum depth reached]],
		'[virtual]' => [[maximum depth reached]],
		'[hasErrors]' => false,
		'[errors]' => [[maximum depth reached]],
		'[invalid]' => [[maximum depth reached]],
		'[repository]' => 'Articles'
	
	},
	'articleid' => (int) 28427,
	'metaTitle' => 'LATEST NEWS UPDATES | ₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha',
	'metaKeywords' => 'Access to Finance,Small and Medium Enterprises,MUDRA Bank,msmes,SMEs',
	'metaDesc' => '
-The Hindu Business Line

Finance Minister meets bankers to set targets

To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal.

According to a senior government official, the credit...',
	'disp' => '<div align="justify">-The Hindu Business Line<br /><br /><em>Finance Minister meets bankers to set targets<br /></em><br />To promote very small businesses, the Centre aims to facilitate credit up to 1 lakh crore under the MUDRA scheme in the current fiscal.<br /><br />According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently.<br /><br />It was proposed that for the current fiscal, the target under &lsquo;Shishu&rsquo; category would be 40,000 crore, for &lsquo;Kishor&rsquo; 35,000 crore, and &lsquo;Tarun&rsquo; 25,000 crore.<br /><br />The Centre has already made it clear that it would facilitate more credit to the first category at it promotes not only self entrepreneurship but also more employment opportunities.<br /><br />&ldquo;The whole concept is promoting entrepreneurship at micro level through funding the un-funded,&rdquo; a senior government official told BusinessLine. MUDRA (Micro Units Development and Refinance Agency Ltd), which was proposed in the Budget, was launched by the Prime Minister on April 8.<br /><br />Under the new scheme, there are three categories of loans &mdash; &lsquo;Shishu&rsquo; (loan up to 50,000) &lsquo;Kishor&rsquo; (loan above 50,000 up to 5 lakh) and &lsquo;Tarun&rsquo; (above 5 lakh up to 10 lakh) &mdash; that will be disbursed by the banks. The amount will be refinanced through the new scheme which is being implemented by a subsidiary of SIDBI.<br /><br /><em>NSSO study<br /></em><br />The MUDRA concept is based on National Sample Survey Organisation&rsquo;s (NSSO) 2013 study which talked about 5.77 crore informal enterprises.<br /><br />They are unincorporated, single person or two person enterprises. They get just 4 per cent of their credit requirements from the institutional mechanism, while 96 per cent comes from informal sources even while they give employment to about 12 crore people.<br /><br />To help these entrepreneurs, the Government has offered 27 public sector banks, 17 private sector banks, 27 regional rural banks, 25 micro financial institutions (MFIs), and 21 non-banking financial institutions (NBFCs) to be enrolled as partner institution.<br /><br />Apart from credit facilities by these institutions, an overdraft facility of up to 5,000 under Pradhan Mantri Jan Dhan Yojana will also be covered under the scheme.<br /><br /><em>Credit guarantee<br /></em><br />Under the scheme, refinance/credit guarantee will be provided. Keeping this in mind, the process to get Expenditure Finance Committee (EFC) nod for 3,000-crore credit guarantee fund has been initiated and approval is expected soon. The corpus can guarantee up to 40-45,000 crore loans. This will enable various small-small banks, NBFCs and MFIs to give loans to people at cheaper rates. Because once the guarantee is given, the risk margin will come down.<br /><br />MUDRA cards, similar to debit cards, are also being proposed. It will work on RuPay platform and can be used in ATMs and merchant establishments.<br /><br />The plan is to provide 20-30 per cent of the loan requirement through this card.<br /><br />In the next stage, the Centre aims to set up MUDRA Bank with a corpus of 20,000 crore. A Bill will be introduced soon in Parliament to set up a refinance mechanism on the lines on SIDBI. <br /></div>',
	'lang' => 'English',
	'SITE_URL' => 'https://im4change.in/',
	'site_title' => 'im4change',
	'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {

	'id' => (int) 28427,
	'title' => '₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha',
	'subheading' => '',
	'description' => '<div align="justify">
-The Hindu Business Line<br />
<br />
<em>Finance Minister meets bankers to set targets<br />
</em><br />
To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal.<br />
<br />
According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently.<br />
<br />
It was proposed that for the current fiscal, the target under &lsquo;Shishu&rsquo; category would be ₹40,000 crore, for &lsquo;Kishor&rsquo; ₹35,000 crore, and &lsquo;Tarun&rsquo; ₹25,000 crore.<br />
<br />
The Centre has already made it clear that it would facilitate more credit to the first category at it promotes not only self entrepreneurship but also more employment opportunities.<br />
<br />
&ldquo;The whole concept is promoting entrepreneurship at micro level through funding the un-funded,&rdquo; a senior government official told BusinessLine. MUDRA (Micro Units Development and Refinance Agency Ltd), which was proposed in the Budget, was launched by the Prime Minister on April 8.<br />
<br />
Under the new scheme, there are three categories of loans &mdash; &lsquo;Shishu&rsquo; (loan up to ₹50,000) &lsquo;Kishor&rsquo; (loan above ₹50,000 up to ₹5 lakh) and &lsquo;Tarun&rsquo; (above ₹5 lakh up to ₹10 lakh) &mdash; that will be disbursed by the banks. The amount will be refinanced through the new scheme which is being implemented by a subsidiary of SIDBI.<br />
<br />
<em>NSSO study<br />
</em><br />
The MUDRA concept is based on National Sample Survey Organisation&rsquo;s (NSSO) 2013 study which talked about 5.77 crore informal enterprises.<br />
<br />
They are unincorporated, single person or two person enterprises. They get just 4 per cent of their credit requirements from the institutional mechanism, while 96 per cent comes from informal sources even while they give employment to about 12 crore people.<br />
<br />
To help these entrepreneurs, the Government has offered 27 public sector banks, 17 private sector banks, 27 regional rural banks, 25 micro financial institutions (MFIs), and 21 non-banking financial institutions (NBFCs) to be enrolled as partner institution.<br />
<br />
Apart from credit facilities by these institutions, an overdraft facility of up to ₹5,000 under Pradhan Mantri Jan Dhan Yojana will also be covered under the scheme.<br />
<br />
<em>Credit guarantee<br />
</em><br />
Under the scheme, refinance/credit guarantee will be provided. Keeping this in mind, the process to get Expenditure Finance Committee (EFC) nod for ₹3,000-crore credit guarantee fund has been initiated and approval is expected soon. The corpus can guarantee up to ₹40-45,000 crore loans. This will enable various small-small banks, NBFCs and MFIs to give loans to people at cheaper rates. Because once the guarantee is given, the risk margin will come down.<br />
<br />
MUDRA cards, similar to debit cards, are also being proposed. It will work on RuPay platform and can be used in ATMs and merchant establishments.<br />
<br />
The plan is to provide 20-30 per cent of the loan requirement through this card.<br />
<br />
In the next stage, the Centre aims to set up MUDRA Bank with a corpus of ₹20,000 crore. A Bill will be introduced soon in Parliament to set up a refinance mechanism on the lines on SIDBI. <br />
</div>',
	'credit_writer' => 'The Hindu Business Line, 23 June, 2015, http://www.thehindubusinessline.com/banking/1lakh-cr-to-be-disbursed-under-mudra-for-microentrepreneurs/article7347207.ece?homepage=true',
	'article_img' => '',
	'article_img_thumb' => '',
	'status' => (int) 1,
	'show_on_home' => (int) 1,
	'lang' => 'EN',
	'category_id' => (int) 16,
	'tag_keyword' => '',
	'seo_url' => '1-lakh-cr-to-be-disbursed-under-mudra-for-micro-entrepreneurs-shishir-sinha-4676479',
	'meta_title' => null,
	'meta_keywords' => null,
	'meta_description' => null,
	'noindex' => (int) 0,
	'publish_date' => object(Cake\I18n\FrozenDate) {},
	'most_visit_section_id' => null,
	'article_big_img' => null,
	'liveid' => (int) 4676479,
	'created' => object(Cake\I18n\FrozenTime) {},
	'modified' => object(Cake\I18n\FrozenTime) {},
	'edate' => '',
	'tags' => [
		(int) 0 => object(Cake\ORM\Entity) {},
		(int) 1 => object(Cake\ORM\Entity) {},
		(int) 2 => object(Cake\ORM\Entity) {},
		(int) 3 => object(Cake\ORM\Entity) {},
		(int) 4 => object(Cake\ORM\Entity) {}
	],
	'category' => object(App\Model\Entity\Category) {},
	'[new]' => false,
	'[accessible]' => [
		'*' => true,
		'id' => false
	],
	'[dirty]' => [],
	'[original]' => [],
	'[virtual]' => [],
	'[hasErrors]' => false,
	'[errors]' => [],
	'[invalid]' => [],
	'[repository]' => 'Articles'

}
$articleid = (int) 28427
$metaTitle = 'LATEST NEWS UPDATES | ₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha'
$metaKeywords = 'Access to Finance,Small and Medium Enterprises,MUDRA Bank,msmes,SMEs'
$metaDesc = '
-The Hindu Business Line

Finance Minister meets bankers to set targets

To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal.

According to a senior government official, the credit...'
$disp = '<div align="justify">-The Hindu Business Line<br /><br /><em>Finance Minister meets bankers to set targets<br /></em><br />To promote very small businesses, the Centre aims to facilitate credit up to 1 lakh crore under the MUDRA scheme in the current fiscal.<br /><br />According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently.<br /><br />It was proposed that for the current fiscal, the target under &lsquo;Shishu&rsquo; category would be 40,000 crore, for &lsquo;Kishor&rsquo; 35,000 crore, and &lsquo;Tarun&rsquo; 25,000 crore.<br /><br />The Centre has already made it clear that it would facilitate more credit to the first category at it promotes not only self entrepreneurship but also more employment opportunities.<br /><br />&ldquo;The whole concept is promoting entrepreneurship at micro level through funding the un-funded,&rdquo; a senior government official told BusinessLine. MUDRA (Micro Units Development and Refinance Agency Ltd), which was proposed in the Budget, was launched by the Prime Minister on April 8.<br /><br />Under the new scheme, there are three categories of loans &mdash; &lsquo;Shishu&rsquo; (loan up to 50,000) &lsquo;Kishor&rsquo; (loan above 50,000 up to 5 lakh) and &lsquo;Tarun&rsquo; (above 5 lakh up to 10 lakh) &mdash; that will be disbursed by the banks. The amount will be refinanced through the new scheme which is being implemented by a subsidiary of SIDBI.<br /><br /><em>NSSO study<br /></em><br />The MUDRA concept is based on National Sample Survey Organisation&rsquo;s (NSSO) 2013 study which talked about 5.77 crore informal enterprises.<br /><br />They are unincorporated, single person or two person enterprises. They get just 4 per cent of their credit requirements from the institutional mechanism, while 96 per cent comes from informal sources even while they give employment to about 12 crore people.<br /><br />To help these entrepreneurs, the Government has offered 27 public sector banks, 17 private sector banks, 27 regional rural banks, 25 micro financial institutions (MFIs), and 21 non-banking financial institutions (NBFCs) to be enrolled as partner institution.<br /><br />Apart from credit facilities by these institutions, an overdraft facility of up to 5,000 under Pradhan Mantri Jan Dhan Yojana will also be covered under the scheme.<br /><br /><em>Credit guarantee<br /></em><br />Under the scheme, refinance/credit guarantee will be provided. Keeping this in mind, the process to get Expenditure Finance Committee (EFC) nod for 3,000-crore credit guarantee fund has been initiated and approval is expected soon. The corpus can guarantee up to 40-45,000 crore loans. This will enable various small-small banks, NBFCs and MFIs to give loans to people at cheaper rates. Because once the guarantee is given, the risk margin will come down.<br /><br />MUDRA cards, similar to debit cards, are also being proposed. It will work on RuPay platform and can be used in ATMs and merchant establishments.<br /><br />The plan is to provide 20-30 per cent of the loan requirement through this card.<br /><br />In the next stage, the Centre aims to set up MUDRA Bank with a corpus of 20,000 crore. A Bill will be introduced soon in Parliament to set up a refinance mechanism on the lines on SIDBI. <br /></div>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'

include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51

₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha

-The Hindu Business Line Finance Minister meets bankers to set targets To promote very small businesses, the Centre aims to facilitate credit up to 1 lakh crore under the MUDRA scheme in the current fiscal. According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently. It was proposed that for the current fiscal, the target under ‘Shishu’ category would be 40,000 crore, for ‘Kishor’ 35,000 crore, and ‘Tarun’ 25,000 crore. The Centre has already made it clear that it would facilitate more credit to the first category at it promotes not only self entrepreneurship but also more employment opportunities. “The whole concept is promoting entrepreneurship at micro level through funding the un-funded,” a senior government official told BusinessLine. MUDRA (Micro Units Development and Refinance Agency Ltd), which was proposed in the Budget, was launched by the Prime Minister on April 8. Under the new scheme, there are three categories of loans — ‘Shishu’ (loan up to 50,000) ‘Kishor’ (loan above 50,000 up to 5 lakh) and ‘Tarun’ (above 5 lakh up to 10 lakh) — that will be disbursed by the banks. The amount will be refinanced through the new scheme which is being implemented by a subsidiary of SIDBI. NSSO study The MUDRA concept is based on National Sample Survey Organisation’s (NSSO) 2013 study which talked about 5.77 crore informal enterprises. They are unincorporated, single person or two person enterprises. They get just 4 per cent of their credit requirements from the institutional mechanism, while 96 per cent comes from informal sources even while they give employment to about 12 crore people. To help these entrepreneurs, the Government has offered 27 public sector banks, 17 private sector banks, 27 regional rural banks, 25 micro financial institutions (MFIs), and 21 non-banking financial institutions (NBFCs) to be enrolled as partner institution. Apart from credit facilities by these institutions, an overdraft facility of up to 5,000 under Pradhan Mantri Jan Dhan Yojana will also be covered under the scheme. Credit guarantee Under the scheme, refinance/credit guarantee will be provided. Keeping this in mind, the process to get Expenditure Finance Committee (EFC) nod for 3,000-crore credit guarantee fund has been initiated and approval is expected soon. The corpus can guarantee up to 40-45,000 crore loans. This will enable various small-small banks, NBFCs and MFIs to give loans to people at cheaper rates. Because once the guarantee is given, the risk margin will come down. MUDRA cards, similar to debit cards, are also being proposed. It will work on RuPay platform and can be used in ATMs and merchant establishments. The plan is to provide 20-30 per cent of the loan requirement through this card. In the next stage, the Centre aims to set up MUDRA Bank with a corpus of 20,000 crore. A Bill will be introduced soon in Parliament to set up a refinance mechanism on the lines on SIDBI.