The Union Finance Ministry on May 21, 2018 announced that it has tied up with 40 entities including Flipkart, Swiggy, Patanjali and Amul for extending loans to small entrepreneurs under the Pradhan Mantri Mudra Yojana (PMMY).
In order to identify people who can be given funds under the Pradhan Mantri Mudra Yojana (PMMY), the ministry will organise an event in Mumbai on May 23, 2018 to extend loan under the scheme.
The CEOs of various Banks like SBI, ICICI, BOB, PNB; senior officials in the rank of MD or CEO from Oil Companies, Railway Board would be part of the event.
| Pradhan Mantri Mudra Yojana (PMMY) |
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Key highlights
• For funding the small entrepreneurs, the ministry has identified 40 companies as the biggest job creators.
• These companies will identify people who need loans under the Mudra Yojana, endorse them and the loans will be extended to them under the scheme.
| Few companies that have tied-up with the Union Finance Ministry | |
| Amazon | Make My Trip |
| Zomato | Big Basket |
| Meru Cab | Carz on Rent |
| Muthoot | Habib Salon |
| Edelweiss | Flipkart |
| Amul | Patanjali |
| Ola | Swiggy |
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