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Weaver MUDRA Loans: Finance Ministry Asks PSBs to Speed Up

10 June 20251 min read
GOVERNMENT SCHEMESWeaver MUDRALoans: FinanceMinistry AsksPSBs to Speed Up10 June 2025safalsetu.com

Why in the news

To boost credit to handloom weavers, the Finance Ministry told PSBs to sanction and release Pradhan Mantri MUDRA Yojana loans faster under the National Handloom Development Programme.

Key facts

  • The Handloom Weaver Mudra Portal, built with Punjab National Bank, handles claims for margin money, interest subvention and guarantee fees.
BenefitDetail
Margin money20% of loan; ₹25,000 cap for individuals; ₹20 lakh for organisations (₹2 lakh per 100 weavers)
Interest subvention6% for 3 years, capped at 7%
Guarantee feeWaived up to 3 years

Market access

  • 150,000 weavers are on the Government e-Marketplace.
  • Textiles Ministry tied up with 23 e-commerce platforms and launched the ‘Indian Handmade’ portal.

Exam angle

  • Schemes: PMMY, NHDP; portal partner: Punjab National Bank.

Test yourself

1. Which bank helped develop the Handloom Weaver Mudra Portal for scheme monitoring?

The portal was built with Punjab National Bank.

2. What share of the loan amount is offered as margin money to weavers under the handloom MUDRA support?

Margin money is 20% of the loan, subject to caps.

3. Under the weaver credit support, for how long is the credit guarantee fee waived at most?

The credit guarantee fee is waived for up to 3 years.

This topic is part of Daily Current Affairs 10 June 2025 (21 topics).

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