SME Times News Bureau | 30 Nov, 2021
on 29.10.2021, 21.52 crore loans have been extended to women borrowers
by Member Lending Institutions (MLIs) under the Pradhan Mantri Mudra
Yojana (PMMY) since inception of the Scheme.
This was stated by Union
Minister of State for Finance DBhagwat Kisanrao Karad in a written
reply to a question in Rajya Sabha today.
Minister further stated that this constitutes approx. 68% of the total
loans extended under PMMY.
more information, the Minister stated that as per the 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 is eligible to
avail credit under the Scheme.