SME Times News Bureau | 24 May, 2018
A top government official on Wednesday said the Centre would join
hands with several private companies, including Amul, Amazon,
Flipkart, Ola, Uber and Oyo, to provide "mudra loans" to
Financial Services Secretary Rajiv Kumar
said mudra loans under this partnership will focus on the value chain
and will be anchored by industries.
He told reporters here
that companies like Ola, Flipkart, Uber and Zomato have small
entrepreneurs as partners who require loans and that they will be
benefited by this partnership.
"Cab aggregators Ola,
Uber, Meru join hands with Mudra to create more than 35,000 potential
job opportunities and entrepreneurs under Pradhan Mantri Mudra
Yojana," he said in a tweet.
Apart from cab
aggregators, other companies like Amul, Patanjali, Zomato, Make My
Trip, Swiggy, Big Basket and several lenders have joined the
"Amul highlights possibilities
of mudra loans for cattle financing, milking machines, sheds, cold
rooms, milk parlours. (It will) work through their 3.6 million
members to increase non-farm income," Kumar said.
ways of working under mudra. Oyo proposes to target 80,000 room
providers: sourcing, escrow arrangements, co-sharing of guarantee for
mudra loans. (It) Opens enormous potential for homestays across the
country," he added.
The partnership will be a part of the Pradhan Mantri Mudra Yojana
(PMMY) which provides loans of up to Rs 10 lakh to small