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Over 32.11 crore loans of Rs. 17 lakh crore with disbursement of Rs. 16.50 lakh crore extended under Pradhan Mantri Mudra Yojana As per data uploaded by Member Lending Institutions (MLIs) on Mudra portal, as on 26.11.2021, over 32.11 crore loans involving a sanctioned amount of Rs. 17 lakh crore with disbursement of Rs. 16.50 lakh crore have been extended under Pradhan Mantri Mudra Yojana (PMMY), since its inception in April, 2015. This was stated by Union Minister of State for Finance Dr Bha
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FAQ :
As of 26th November 2021, over 32.11 crore loans have been extended under the Pradhan Mantri Mudra Yojana.
A total of Rs. 16.50 lakh crore has been disbursed under the PMMY.
The PMMY offers loans in three categories: Shishu (up to Rs. 50,000), Kishore (Rs. 50,001 to Rs. 5 lakh), and Tarun (Rs. 5 lakh to Rs. 10 lakh).
PMMY loans are attractive to borrowers because they do not require a guarantor or collateral, have simple documentation, and quick processing. They have helped borrowers enhance the scope and profit of their businesses.
Yes, a survey by the Ministry of Labour and Employment indicated that PMMY helped in the generation of 1.12 crore net additional employments between 2015 and 2018.
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