68% of Mudra loan accounts are held by female entrepreneurs. On July 23, 2024, the Finance Minister announced an increase in the loan ceiling to INR 20 lakh as part of the Union Budget 2024-25.
📖 Learning
The Startup India campaign, an initiative of the Government of India was first announced on August 15, 2015, by Prime Minister Narendra Modi during his Independence Day speech. The event was, then, inaugurated on January 16, 2016, by the former Finance Minister of India, the Late Arun Jaitley. Venture Capitalists,