As per a survey conducted by ministry of labour and employment, PMMY helped in generation of 1.12 crore net additional employment from 2015 to 2018
Bengaluru: Pradhan Mantri MUDRA Yojana was launched in 2015 to provide loans to non-corporate, non-farm small/micro enterprises.
5 years on, the government has disbursed more than 28.68 crore loans for an amount of Rs 14.96 lakh crore have been sanctioned.
Loans to the tune of Rs 10 lakh can be availed.
They can be used for income generating activities in manufacturing, trading and services sectors and for activities allied to agriculture.
In FY 2020-21 alone, 4.20 crore PMMY loans for an amount of Rs 2.66 lakh crore were sanctioned, the ministry of finance said in a statement.
While the average size of the loan is about Rs 52,000, 88 per cent of all the loans are of ‘Shishu’ category i.e loans covering loans upto Rs 50,000, Swarajya notes.
As per a survey conducted by ministry of labour and employment, PMMY helped in generation of 1.12 crore net additional employment from 2015 to 2018. Out of the 1.12 crore of estimated increase in employment, women accounted for 69 lakh (62 per cent).
Also indicating the inclusiveness of the scheme, about 68 per cent of the loans have been given to women entrepreneurs and about 51 per cent of the loans have been given to SC/ST/OBC borrowers.
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Last Updated Apr 7, 2021, 12:44 PM IST