SME Times is powered by   
Search News
Just in:   • US stocks rally amid trade optimism, economic data  • HDFC Bank's Q3 net profit up 20%  • Centre may miss divestment, fiscal deficit targets  • CII suggests measures to help MSME sector  • Imran Khan seeks expedition of CPEC projects 
Last updated: 24 May, 2018  

Mudra.9.Thmb.jpg Govt to partner with e-commerce cos to give Mudra loans

MUDRA launch
   Top Stories
» Centre may miss divestment, fiscal deficit targets
» CII suggests measures to help MSME sector
» FICCI for housing scheme for women garment workers
» India's debt up 50% to Rs 82 lakh cr under Modi govt
» Big relief to startups, investors as govt liberalises norms
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 small businesses.

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 three-way partnership.

"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.

"New 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 entrepreneurs.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

Water plant loan
Rajavel | Thu May 24 10:26:08 2018
I am planing for mineral water plant


 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 20 Jan, 2019
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» HostBooks Ltd. offers a seamless GST filling experience: Kapil Rana(3)
» Ashok Leyland to launch 13-seater passenger vehicle, LCV(1)
» CII welcomes GST Council steps as MSME friendly(1)
» Hyperloop start-up Arrivo to shut down: Report(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter