Govt announces 'Mudra Shishu loan' for small businesses and cottage industries

Centre has taken several steps so that shopkeepers do not suffer due to the COVID-19 pandemic.
Government has asked shopkeepers not to worry about restarting shops and handcarts as Unlock 1.0 begins tomorrow.
A 1500 crore interest subvention for small business and cottage industries has been announced under Mudra Shishu loan.
Under this scheme, one lakh beneficiaries can avail interest benefit of 2 per cent for a year.
A Rs 5000 crore package was announced for the roadside hawkers. Under this, 50 lakh street vendors can avail loan upto Rs 10,000. Street vendors can contact any nationalised bank to avail the benefit.