Union Budget 2024: Govt increases limit of MUDRA loans from Rs 10 lkh to Rs 20 lkh

In the Union Budget 2024 presented by Finance Minister Nirmala Sitharaman, several significant initiatives were unveiled aimed at boosting economic growth and addressing key developmental challenges. Sitharaman announced the doubling of the limit for MUDRA loans from Rs 10 lakh to Rs 20 lakh, aimed at facilitating greater financial assistance to small businesses and entrepreneurs.