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RBI panel suggests ₹20 lakh collateral-free loans under MUDRA

Jun 19, 2019 20:51 IST

RBI-constituted expert panel on MSME has reportedly suggested providing collateral-free loans up to ₹20 lakh under the MUDRA scheme from the current ₹10 lakh. The recommendation comes at a time when the country is going through an economic slowdown and the unemployment rate is at 45-year high as per the NSSO data. The proposal is a part of the report prepared by an eight-member panel headed by former SEBI chairman UK Sinha tasked with reviewing the current framework of the MSME sector.

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