Quick Summary
Rs 9.98 lakh crore sanctioned to 16.67 crore loan accounts under Pradhan Mantri Mudra Yojana in 3 years PMMY helped in generation of 1.12 crore net additional employment during a period of around 3 years As per the extant guidelines, any individual who is otherwise eligible to take loan and has a business plan for non-farm income generating activities in sectors such as manufacturing, trading, services and activities allied to agriculture and whose credit need is up to Rs.10 lakh is eligib
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 011-411-70713
FAQ :
In the last three years, a total of Rs 9.98 lakh crore has been sanctioned under the PMMY.
The PMMY has benefited 16.67 crore loan accounts over the last three years.
A survey indicated that PMMY helped generate 1.12 crore net additional employment over approximately three years (2015-2018).
Individuals with a business plan for non-farm income generating activities (manufacturing, trading, services, allied agriculture) and a credit need up to Rs 10 lakh are eligible.
The loans are extended under three categories: Shishu (up to Rs 50,000), Kishore (above Rs 50,000 to Rs 5 lakh), and Tarun (above Rs 5 lakh to Rs 10 lakh).
The Shishu category accounted for 66% of the additional employment generated by establishments owned by MUDRA beneficiaries.
CAclubindia
