Medium, Small and Micro Enterprises (MSMEs) and Employment
The Budget has given a big thrust to Medium, Small and Micro Enterprises (MSMEs) to
boost employment and economic growth. A sum of Rs. 3794 crore has been provided for giving
credit support, capital and interest subsidy and for innovations. MUDRA Yojana launched in
April, 2015 has led to sanction of Rs.4.6 lakh crore in credit from 10.38 crore MUDRA loans.
76% of loan accounts are of women and more than 50% belong to SCs, STs and OBCs. It is
proposed to set a target of Rs.3 lakh crore for lending under MUDRA for 2018-19 after having
successfully exceeded the targets in all previous years.