Top news, More credit disbursement in Mudra loan scheme

Today top news, 5000 crore IPO approval, AHF, and issuance of Rs 5 lakh crore in Mudra loan scheme, more news.

Disbursement of Rs.5 Lakh Crore in Mudra Loan Scheme

HYDERABAD, In the financial year 2023 24, which ended last March, 5 lakh crore rupees were disbursed under the Mudra Loans Scheme and recorded a record growth.

Under the 'Pradham Mantri Mudra Yojana', loans to the tune of Rs 5.28 lakh crore have been provided to small businesses in the last financial year 2023-24. It was Rs 4.40 lakh crore in the previous financial year. It is noteworthy that 70 percent of the beneficiaries of these loans are women.

Since the loan scheme was announced in 2015, including the provisional figures for the last financial year, up to 46 lakh crore rupees have been disbursed so far, said a senior official of the Mudra scheme.

Mudra loans are offered under the 'Chishu' category for loans up to Rs 50,000, loans above Rs 50,000 up to Rs 5 lakh under the 'Kishor' category and loans between Rs 5 lakh to Rs 10 lakh under the 'Tarun' category.

The Pradham Mantri Mudra Yojana was launched by Prime Minister Narendra Modi on April 8, 2015 to provide loans up to Rs 10 lakh to non-corporate, non-agricultural small and micro enterprises.

5,000 crore IPO, AHF approval

New Delhi-based Aadhaar Housing Finance has received SEBI's nod to raise Rs 5,000 crore through a new equity issue.

Aadhaar Housing Finance, a subsidiary of US-based investment management firm 'Black Tone' Group, has received approval from the stock market regulator Sebi to raise Rs 5,000 crore through a new share issue.

1,000 crore worth of new shares during this share issue; Shareholders' equity worth Rs 4,000 crore is also being sold.

Launched in 2011, Aadhaar Housing Finance offers various types of loans for residential construction, purchase, commercial construction and acquisition.

Primarily, the loan is provided to low and middle income customers. As on September 30, 2023, the company has a total of 471 branches.

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