Interest Subvention for Shishu MUDRA loanees

•Government of India will provide Interest subvention of 2% for prompt payees for a period of 12 months to MUDRA Shishu loanees, who have loans below ₹50,000.
•The current portfolio of MUDRA Shishu loans is around ₹1.62 Lakh crore. This will provide relief of about ₹1,500 crore to Shishu MUDRA loanees.