{"id":19205,"date":"2024-10-25T04:16:13","date_gmt":"2024-10-25T04:16:13","guid":{"rendered":"https:\/\/khabarok.com\/business\/19205\/"},"modified":"2024-10-25T04:16:13","modified_gmt":"2024-10-25T04:16:13","slug":"new-tarun-plus-loan-category-launched-by-finmin-under-mudra-scheme-loans-up-to-%e2%82%b920-lakh","status":"publish","type":"post","link":"https:\/\/khabarok.com\/?p=19205","title":{"rendered":"New \u2018Tarun Plus\u2019 loan category launched by FinMin under Mudra scheme, loans up to \u20b920 lakh"},"content":{"rendered":"<p><\/p>\n<div id=\"content-body-68794543\" itemprop=\"articleBody\">\n<p> The Department of Financial Services (DFS) in the Finance Ministry has created a new \u2018Tarun Plus\u2019 category under the Mudra Scheme to encourage entrepreneurship in the country.<\/p>\n<p>Under the new category, loans above \u20b9 10 lakhs up to \u20b9 20 lakhs would be offered for entrepreneurs who have repaid their Tarun Loans.\u00a0<\/p>\n<p>The Finance Ministry has also implemented a budget announcement by Finance Minister Nirmala Sitharaman to increase the loan limit under the Mudra Scheme to \u20b920 lakhs from \u20b910 lakh earlier.<\/p>\n<p>\u201cAs a part of budget announcement by Finance Minister on a major boost to Mudra loans under the #PMMY in Union Budget 2024-25! The limit is now enhanced from \u20b9 10 lakh to \u20b920 lakh, empowering entrepreneurs for growth.#FundingTheUnfunded@FinMinIndia\u201d, said a social media post by DFS on platform \u201cX\u201d.<\/p>\n<p>In another post, the DFS also said, \u201cThe new \u2018Tarun Plus\u2019 category has been created under #Mudrascheme and will offer loans above \u20b9 10 lakh upto \u20b9 20 lakh for entrepreneurs who have repaid their Tarun loans. Government\u2019s commitment to a robust entrepreneurial ecosystem continues!\u201d.<\/p>\n<p>Meanwhile, the DFS has also announced that the guarantee coverage for Pradhan Mantri Mudra Yojana loans up to \u20b9 20 lakh will now fall under the Credit Guarantee Fund for Micro Units (CGFMU).<\/p>\n<p>\u201cGreat news for small business owners! The guarantee coverage for #PMMY loans upto \u20b9 20 lakh will now fall under the Credit Guarantee Fund for Micro Units (CGFMU). Supporting dreams, one step at a time #Entrepreneurship\u201d, said another post by DFS in platform \u2018X\u2019.<\/p>\n<p>Under the Pradhan Mantri Mudra Yojana (PMMY), Mudra loans provide financial assistance through collateral-free\/third-party guarantee-free loans up \u20b920 lakhs.\u00a0<\/p>\n<p>The schematic interventions under Mudra have been named \u2018Shishu\u2019, \u2018Kishor\u2019, \u2018Tarun\u2019, and now \u2018Tarun Plus\u2019 to signify the stage of growth\/development and funding needs of the beneficiary micro unit\/entrepreneur and also provide a reference point for the next phase of graduation\/growth.<\/p>\n<div class=\"share-article-section second-article-share share-article-section-mobile\">\n<div class=\"share-page\" data-title=\"New \u2018Tarun Plus\u2019 loan category launched by FinMin under Mudra scheme, loans up to \u20b920 lakh\" data-url=\"https:\/\/www.thehindubusinessline.com\/economy\/new-tarun-plus-loan-category-launched-by-finmin-under-mudra-scheme-loans-up-to-20-lakh\/article68794543.ece\">\n<p><span class=\"red-text-color\"\/>SHARE\n\t<\/p>\n<ul class=\"share-list\" style=\"display: none;\">\n<li class=\"copy-link\" onclick=\"if (!window.__cfRLUnblockHandlers) return false; 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