The Finance Ministry has announced that more than 28.68cr loans for an amount of Rs 14.96 lakhcr have been sanctioned since the launch of the Pradhan Mantri MUDRA Yojana (PMMY).
PMMY was launched by the Hon’ble Prime Minister on April 8, 2015, for providing loans up to Rs10 Lakh to the non-corporate, non-farm small/micro-enterprises.
Key highlights of the scheme so far as per the FinMin data are:
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4.20cr PMMY loans sanctioned in 2020-21 and Rs. 2.66 lakhcr sanctioned in FY 2020-21 (As of 19.03.2021)
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The average ticket size of the loans is about Rs 52,000/-
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88% of the loans are of the ‘SHISHU’ category
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Almost 24% of the loans have been given to New entrepreneurs
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About 68% of the loans have been given to women entrepreneurs
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About 51% of the loans loan have been given to SC/ST/OBC borrowers.
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SCs and STs constitute 22.53% of the borrowers
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OBCs constitute 28.42% of the borrowers
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About 11% of the loans have been given to Minority community borrowers.
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As per a survey conducted by the Ministry of Labour and Employment, PMMY helped in the generation of 1.12cr net additional employment from 2015 to 2018. Out of the 1.12cr of the estimated increase in employment, Women accounted for 69 lakh (62%).
The loans are given for income-generating activities in manufacturing, trading and services sectors and activities allied to agriculture.
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