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Rs 33 lakh crore of collateral-free loans sanctioned: Union minister

Highlighting the nation’s economic growth vision, the Minister of State for Finance stated that over the past ten years, the government has provided collateral-free loans worth Rs 33 lakh crore to 52 crore people, ranging from Rs 50,000 to Rs 20 lakh

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Union minister Pankaj Chaudhary on Monday said more than Rs 33 lakh crore of collateral-free loans have been given to 52 crore people under Mudra Yojana for starting businesses and 68 per cent of the beneficiaries are women.

The Minister of State for Finance was addressing a gathering at the valediction ceremony of the 77th batch of Indian Revenue Service (IRS) officers at the National Academy of Direct Taxes in Nagpur.

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