By : Khadi and Village Industries Commission

Why : Facilitate potters to get easy loans

Features :

• It is a no-subsidy program.
• Bank loans will be provided under Pradhan Mantri Shishu Mudra Yojana.
• No financial burden on the exchequer.
• Beneficiaries can repay the loans in easy installments.

MAHITI FOR PRELIMS

KVIC

• Statutory body
• Statute: Khadi and Village Industries Commission Act, 1956
• Functions under the Ministry of Micro, Small and Medium Enterprises.

Pradhan Mantri Mudra Yojana

• It was launched by the government in 2015 for providing loans up to Rs. 10 lakh to the non-corporate, non-farm small/micro-enterprises. Loans under this scheme are collateral-free loans.
• Under this, three products have been created, i.e. ‘Shishu’, ‘Kishore’ and ‘Tarun’ as per the stage of growth and funding needs of the beneficiary micro unit.
  • Shishu: Covering loans up to Rs. 50,000.
  • Kishore: Covering loans above Rs. 50,000 and up to Rs. 5 lakh.
  • Tarun: Covering loans above Rs. 5 lakh and up to Rs. 10 lakh.