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Bloomberg Quint

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PM Mudra Yojana: Loans Worth Rs 33.6 Lakh Crore Disbursed

  • The government has disbursed over 52.3 crore loans worth Rs 32.9 lakh crore under the PM Mudra Yojna, with a non-performing asset ratio of 3.6% for public sector banks.
  • Around 20% of the loans were given to new entrepreneurs, while 68% have been granted to women and 50% to SC/ST/OBC borrowers.
  • Before the launch of the scheme, many small businesses struggled to access formal credit and were often forced to borrow from moneylenders charging exorbitant interest rates.
  • The target for the next fiscal is to disburse another Rs 5-6 lakh crore under the PM Mudra Yojana.

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