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Over 11.29 crore loans worth Rs. 6.41 lakh crore disbursed under Pradhan Mantri Mudra Yojana (PMMY) across country during FYs 2019-21

Over 30 crore loans worth Rs. 15.97 lakh crore sanctioned under PMMY since April, 2015

Top four states: Tamil Nadu Rs 63,150 crore; Karnataka Rs 59,488 crore; Uttar Pradesh Rs 57,677 crore; West Bengal Rs 54,988 crore

New Delhi, NFAPost: Karnataka along with Tamil Nadu, Uttar Pradesh and Westbengal have topped in disbursing loan under Pradhan Mantri Mudra Yojana (PMMY) during FY 2021 as the whole project witnessed Rs 6.41 lakh crore loan disbursal.

Tamil Nadu tops the list with Rs 63,150 crore as Karnataka disbursed Rs 59,488 crore became the second state under the PMMY loan disbursal.

Speaking at Parliament, Minister of State for Finance Dr Bhagwat Kisanrao Karad said under Pradhan Mantri Mudra Yojana (PMMY) over 11.29 crore loans amounting to Rs. 6.41 lakh crore have been disbursed across the country during FY 2019-20 and FY 2020-21.

The Minister also stated that over 30 crore loans amounting to Rs.15.97 lakh crore have been sanctioned under PMMY since inception of the Scheme in April, 2015.

Under Pradhan Mantri Mudra Yojana (PMMY) institutional credit up to Rs. 10 lakh is provided for entrepreneurial activities to micro/small business units by Member Lending Institutions (MLIs) viz. Scheduled Commercial Banks (SCBs), Regional Rural Banks (RRBs), Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs), the Minister stated.

Responding to a question about the Scheme helping in the reduction of unemployment, the Minister stated that as apprised by the Ministry of Labour and Employment (MoLE), a sample survey was conducted at the national level to estimate employment generation under PMMY.

“As per the survey results, PMMY helped in generation of 1.12 crore net additional employment during a period of approximately 3 years (i.e. from 2015 to 2018). At an overall level, Shishu category of loan has about 66% of share among additional employment generated by establishments owned by MUDRA beneficiaries followed by Kishore (19%) and Tarun (15%) categories respectively,” said Dr Bhagwat Kisanrao Karad.

However, the Minister stated, data pertaining to unemployed persons who have been extended loans under PMMY is not maintained by the Government of India as a separate category.

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