Increasing loan amount under PM Swanidhi Yojana will be considered: Chief Minister Dr. Yadav
24-Jul-2024 12:00 AM 468

Chief Minister Dr. Mohan Yadav announced that Madhya Pradesh leads the nation in implementing the Pradhan Mantri Swanidhi Yojana. Initiated during the Corona period, the scheme has significantly supported small businesses by providing direct assistance for business upgrades and boosting the economy. The scheme offers loans in three phases: Rs 10,000, Rs 20,000, and Rs 50,000, with repayments being incentivized through cashback. There is now a proposal to increase the loan amount to Rs 1 lakh upon repayment. To motivate timely repayments and support business expansion, the government will consider enhancing loan amounts for eligible entrepreneurs. During a meeting at Mantralaya, Chief Minister Dr. Yadav also reviewed the PM Swanidhi Yojana, Pradhan Mantri Awas Yojana, and other schemes.

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