New Delhi, Sept. 18 -- Union Finance Minister Nirmala Sitharaman on Thursday asked banks providing loans under the PM MUDRA Yojana to step up financial literacy efforts across states to help small entrepreneurs expand their businesses and bring more people under the scheme.

Speaking during an interaction with beneficiaries of the PM MUDRA Yojana, Sitharaman said financial awareness was important for entrepreneurs to make better use of credit and grow their businesses.

Her remarks came after an entrepreneur from Nagaland highlighted the need for greater financial literacy among small businesses. The entrepreneur said her network had been working across more than 10 districts to help people understand financial services and access credit....