INSUBCONTINENT EXCLUSIVE:
Ola, Flipkart, Uber, dabbawalas, cable operators, Zomato, among others are participating in the scheme.
MUMBAI: The finance ministry has joined hands with over two dozen e-commerce
firms, including major players like Amazon, Flipkart, Ola and Uber, to provide easy finance to small entrepreneurs under the Pradhan Mantri
Mudra Yojana (PMMY), a top government official said
The three way partnership between lenders, industry and the government aims to facilitate small business loans
PMMY is a flagship scheme of the government to provide loans of up to Rs 10 lakh to small entrepreneurs
The loans are being given by banks, small finance banks, non-banking financial companies (NBFCs) and micro finance institutions
The scheme aims to strengthen forward and backward linkages for robust value chains anchored by industries, aggregators, franchisors and
as partners who require loans
financial year, the government had extended Rs 2.53 lakh crore credit under the Mudra scheme, taking the total credit extended in the last
three years to Rs 5.73 lakh crore.(Except for the headline, this story has not been edited by TheIndianSubcontinent staff and is published
