Indian Economy - Angel One - Page 348

The PM Mudra Yojana was launched on April 8, 2015. Various government sources suggest varying trends in average loan sizes disbursed under the scheme. The initiative aims to give micro and small businesses access to formal financing. This includes loans for income-generating activities such as manufacturing, trading, and allied agricultural sectors. Loan Categories Under the …

The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a flagship initiative launched by the Government of India in February 2019. Designed to supplement the financial needs of land-holding farmers, it provides an annual financial benefit of ₹6,000 in three equal instalments. As one of the largest DBT schemes in the world, PM-KISAN reflects the government’s …

The Pradhan Mantri Awas Yojana (PMAY) has been a game-changer in India’s housing sector, offering a bold and much-needed solution to the country’s rising housing demands, particularly for Economically Weaker Sections (EWS) and low-income groups. Launched in 2015 by the Government of India, this visionary initiative has reshaped both urban and rural housing landscapes across …

The central government has launched the second phase of its flagship housing initiative, Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0), to provide affordable housing for one crore economically disadvantaged families and middle-income groups in urban areas. Approved by the Union Cabinet on August 9, 2024, the scheme aims to ensure all-weather pucca houses …