To what extent has the loan limit been increased under the Mudra scheme?
Finance Minister Nirmala Sitharaman has increased the loan limit under the Mudra Scheme to ₹ 20 lakh during the Union Budget 2024, earlier this limit was ₹ 10 lakh. This facility is for those who have previously availed and successfully repaid loans taken under the Tarun category. It is noteworthy that Finance Minister Nirmala Sitharaman presented the budget in Parliament on July 23.
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