Tatsat Chronicle Magazine

21.52 Crore Loans Sanctioned to Women Borrowers Under PMMY Till October: Bhagwat Kisanrao Karad

December 1, 2021
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About 21.52 crore loans have been extended to women borrowers by Member Lending Institutions (MLIs) under Pradhan Mantri Mudra Yojana (PMMY) till October 2021. The number constitutes about 68% of the total loans extended under the scheme, said Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in Rajya Sabha during the Winter Session of the Parliament.

As per existing guidelines, any individual who is otherwise eligible to take loan and has a business plan for non-farm income-generating activities in sectors such as manufacturing, trading, services and activities allied to agriculture and whose credit need is up to Rs.10 lakh can avail credit under the PMMY.