Jaipur: Rajasthan has registered two crore loans in the state (as on Jan 26) and has disbursed an amount of Rs 1.45 lakh crore as loans under Pradhan Mantri Mudra Yojana (PMMY), a scheme launched on April 8, 2015, to extend collateral free institutional credit up to Rs 10 lakh to be provided by Member Lending Institutions (MLIs) to micro and small business units for income generating activities.
Minister of state in the ministry of finance, Bhagwat Karad, gave this information while replying to an unstarred question on Mudra Yojana in Lok Sabha on Feby 5.
“PMMY was launched to extend collateral free institutional credit up to Rs.10 lakh to be provided by Member Lending Institutions (MLIs) i.e., Scheduled Commercial Banks (SCBs), Regional Rural Banks (RRBs), Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs),” the reply said.
The objective of the scheme is to provide access to institutional finance to unfunded micro/small business units for income generating activities in the manufacturing, trading, services sector and for activities allied to agriculture across three loan products, viz. Shishu (loans up to Rs. 50,000), Kishor (loans above Rs 50,000 and up to Rs. 5 lakh) and Tarun (loans above Rs 5 lakh and up to Rs. 10 lakh).
“Any individual, who is otherwise eligible to take a loan and has a business plan for a small business enterprise, can avail loan under the scheme,” the reply added.
The ministry of labour and employment (MoLE) had conducted a large sample survey 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 (from 2015 to 2018), as per the government’s reply.
At an overall level, the Shishu category has about 66% of share followed by Kishor (19%) and Tarun (15%) among the additional employment generated by establishments owned by MUDRA beneficiaries, it stated.
Minister of state in the ministry of finance, Bhagwat Karad, gave this information while replying to an unstarred question on Mudra Yojana in Lok Sabha on Feby 5.
“PMMY was launched to extend collateral free institutional credit up to Rs.10 lakh to be provided by Member Lending Institutions (MLIs) i.e., Scheduled Commercial Banks (SCBs), Regional Rural Banks (RRBs), Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs),” the reply said.
The objective of the scheme is to provide access to institutional finance to unfunded micro/small business units for income generating activities in the manufacturing, trading, services sector and for activities allied to agriculture across three loan products, viz. Shishu (loans up to Rs. 50,000), Kishor (loans above Rs 50,000 and up to Rs. 5 lakh) and Tarun (loans above Rs 5 lakh and up to Rs. 10 lakh).
“Any individual, who is otherwise eligible to take a loan and has a business plan for a small business enterprise, can avail loan under the scheme,” the reply added.
The ministry of labour and employment (MoLE) had conducted a large sample survey 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 (from 2015 to 2018), as per the government’s reply.
At an overall level, the Shishu category has about 66% of share followed by Kishor (19%) and Tarun (15%) among the additional employment generated by establishments owned by MUDRA beneficiaries, it stated.