Fulfilledhigh confidenceEconomy

Double the Mudra loan ceiling from Rs 10 lakh to Rs 20 lakh

Bharatiya Janata Party · Lok Sabha General Election 2024

Last updated 30 May 2026

Raise the loan limit under the Pradhan Mantri Mudra Yojana from Rs 10 lakh to Rs 20 lakh to support entrepreneurs.

From the Bharatiya Janata Party manifestoView Manifesto

Our Assessment

high

Pledged in the Sankalp Patra and announced by PM Modi at the manifesto launch on 14 April 2024. The enhancement was announced in the Union Budget 2024-25 on 23 July 2024 and formally notified on 24 October 2024 through a new "Tarun Plus" category covering loans above Rs 10 lakh and up to Rs 20 lakh, available to borrowers who have successfully repaid an earlier Tarun-category loan, with guarantee cover under the Credit Guarantee Fund for Micro Units (CGFMU). Directly delivered.

Promise Timeline

24 Oct 2024

Finance Ministry notifies the Rs 20 lakh limit via the new "Tarun Plus" category with CGFMU guarantee cover.

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23 Jul 2024

Union Budget 2024-25 announces enhancement of the Mudra loan limit to Rs 20 lakh.

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14 Apr 2024

Sankalp Patra pledges doubling the Mudra loan ceiling to Rs 20 lakh; announced by PM Modi at the manifesto launch.

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