Budget 2024: Fintech lenders in focus as FM announces slew of measures for MSMEs

Finance minister Nirmala Sitharaman said the limit for micro units development and refinancing agency (Mudra) loans will be doubled to Rs 20 lakh for entrepreneurs who have successfully repaid their previous ‘Tarun’ loans. Under the Mudra scheme, Tarun loans are offered in the range of Rs 5 to Rs 10 lakh per applicant.