Rs 4.5 crore loaned to 963 beneficiaries under Mudra Bank Yojana

  • HT correspondent, Hindustan Times, Bathinda
  • Updated: Sep 25, 2015 22:59 IST
Chief Parliamentary Secretary Sarup Chand Singla distributing sanctions under the Pradhan Mantri Mudra Bank Yojana on Friday. (HT Photo)

As many as 963 beneficiaries were sanctioned loans of Rs 4.53 crore by various banks under the Pradhan Mantri Mudra Bank Yojana on Friday.

Disclosing this here on Friday, chief parliamentary secretary (CPS) Sarup Chand Singla said the setting up of the Mudra Bank has proved a boon for small and medium traders. He thanked banks for launching this programme in Bathinda.

He said beneficiaries can avail loans up to Rs 10 lakh at the Mudra bank without security.

He expressed the hope that all banks in the district would provide loans under the scheme without security so that people could start their own businesses.

ADC (general) Sumit Jarangal said that people can get loan without any guarantee. He added that under the scheme loans are made available at all nationalised banks at less than 12% rate of interest.

The bank officials said that a loan of Rs 50,000 is given under the Shishu Yojana, Rs 50,000 to Rs 5 lakh under the Kishore Yojana and Rs 5 lakh to Rs 10 lakh under the Tarun Yojana.

The loans were meant for small and medium traders as well as the establishments such as boutique and beauty parlours run by women.

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