Pradhan Mantri Mudra Yojana completes six years; loans worth Rs 15 lakh cr sanctioned so far

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Apr 08, 2021

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Pradhan Mantri Mudra Yojana completes six years; loans worth Rs 15 lakh cr sanctioned so far

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Pradhan Mantri MUDRA Yojana has completed six years. It is a scheme under which loans of upto 10 Lakh rupees are provided to the non-corporate, non-farm, small and micro enterprises. Pradhan Mantri MUDRA Yojana was launched on 8th April 2015. In these years, More than 28 crore 68 lakh loans have been sanctioned. The amount of these loans is around 15 lakh crore rupees with about 52,000 rupees being the average ticket size of the loans.

Finance Ministry has said that under this scheme almost 24percent of loans have been given to New entrepreneurs, about 68 percent of loans have been given to women entrepreneurs and about 51percent of loans have been given to SC, ST and OBC borrowers. Ministry of Labour and Employment has said that this yojana has helped in generation of 1 crore 12 lakh net additional employment from 2015 to 2018. Women have accounted for 62 percent of this estimated increase in employment.