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In six years, Rs14.96 lakh crore sanctioned under PM Mudra scheme.
Apr 08, 2021

In the six years since its launch, the Pradhan Mantri Mudra Yojana (PMMY) has seen 28.68 crore loans to the tune of Rs 14.96 lakh crore sanctioned to various beneficiaries. This scheme provides collateral-free loans of up to Rs 10 lakh for income-generating activities in manufacturing, trading, services sectors and for activities allied to agriculture.
 
Mudra loans are provided to non-corporate and non-farm small/micro-enterprises. These loans are extended by banks, Regional Rural Banks, microfinance institutions and non-banking finance companies. They are offered in three categories, namely, ‘Shishu’, ‘Kishore’ and ‘Tarun’, which signifies the stage of growth or development and funding needs of the borrowers.
 
As many as 4.2 crore Mudra loans worth Rs 2.66 lakh Crore were sanctioned in FY 2020-21, an official release said.
    

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