No Guarantor for Mudra Loans: Tripura CM

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Tripura Chief Minister Biplab Kumar Deb said on Wednesday that no guarantors are required any more for Mudra loans while attending a meeting.

The CM stated this while he attended a state level bankers’ committee meeting as a Chairman for Tripura at Pragya Bhavan in Agartala. The meeting was also attended by state chief secretary U Venkataswarlu and general managers of various banks including the RBI and NABARD.

Deb said that the key issues discussed in the meeting are how the people of the state can get bank loan through various schemes related to agriculture, horticulture, mudra, education, MSME etc. so that the people of the state can become self-employed.

CM Deb further stated that there have been incidents when bank guarantors were demanded against mudra loans and which is against the rule and a hurdle for the small entrepreneurs to take benefit of the said loan.

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