evidence: Budget 2024-25: The ‘Tarun’ category limit under the Mudra loans is enhanced to Rs.20 lakh from the current Rs.10 lakh for those entrepreneurs who have successfully repaid previous loans under the same category. [...] Loans would be provided to all the non-farm income-generating businesses in trading, manufacturing and services whose credit requirements are less than Rs.10 lakhs by all Scheduled Commercial Banks, Small Finance Banks, Regional Rural Banks, NBFCs, MFIs and Urban Co-operative Banks would be known as Mudra loans under the PMMY (Pradhan Mantri Mudra Yojana). [...] Mudra Yojana helps small businesses with financing. Loans for up to Rs. 20 lakh available. Different loan categories with varied interest rates. Focus on specific business sectors. Lending target doubled to INR 2.44 lakh crores. Emphasis on women, backward classes, minorities. Various banks offer Mudra loans with different interest rates and tenure.