evidence: Mudra loans limit doubled to Rs 20 lakh in huge boost to MSMEs [...] In Short - Budget 2024-25 focuses on MSMEs - Mudra loan limit increased from Rs 10 lakh to Rs 20 lakh - New bank credit mechanism for MSMEs announced The Union Budget 2024-25, presented today, has put significant emphasis on the Micro, Small, and Medium Enterprises (MSMEs) sector and labour-intensive manufacturing. Finance Minister Nirmala Sitharaman announced that the limit for Mudra (Micro Units Development & Refinance Agency Ltd) loans will be enhanced from Rs 10 lakh to Rs 20 lakh.