RBI suggested Rs 20 lakh collateral free loan under Mudra for MSMEs
The Reserve Bank of India (RBI) has highlighted the importance of providing collateral-free loans to MSMEs under the Pradhan Mantri Mudra Yojana (PMMY). With loan support of up to ₹20 lakh, this initiative aims to strengthen small businesses, startups, and entrepreneurs by improving access to credit without the burden of collateral. The scheme helps boost financial inclusion, encourages business expansion, and supports economic growth. Learn about eligibility criteria, loan categories, application process, and key benefits of Mudra loans for MSMEs with eStartIndia.