State Bank of Bikaner and Jaipur
(SBBJ) today launched "MUDRA card" under Pradhan Mantri Mudra Yojna (PMMY) to provide easier credit facilities to micro units started by entrepreneurs engaged in non-farm activities, its official said here.
Jyoti Ghosh, SBBJ Managing Director, launhced this card at a simple function here.
These loans are categorised into three segments: Shishu, loan amount up to Rs 50,000; Kishore, loan amount of Rs 50,000 to Rs 5 lacs; and Tarun, loan amount of Rs 5 lacs to Rs 10 lacks, the official said.
Mudra card is an ATM cum debit card which the entrepreneurs availing loans under PMMY can use at all ATMs and POS machines, he said.
It can also be used for online purchase of their raw material and stocks.
So far, SBBJ has sanctioned 16,814 loans amounting to Rs 226 crore under PMMY scheme, the official said.
