Launch Date: 8.4.2015
Objective: To provide financial support for growth (development and refinancing) of micro enterprises sector.
Achievements:
- Easy, loans without guarantee under three categories – Shishu, Kishore and Tarun by the banks.
- Loans more than Rs. 1.80 lakh crore disbursed to over 4 crore borrowers in 2016-17 FY as per data available till 13.04.2017
- More than 70% of the loans has been availed of by women entrepreneurs
- Budget allocation for 2017-18 doubled to Rs.2.44 lakh crores against Rs. 1.22 lakh crores in 2016-17
- Mobile App to be launched soon.
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