Greater than 29 crore loans have been sanctioned beneath Mudra scheme since 2015
Authorities has sanctioned loans amounting Rs 15.5 lakh crore beneath its flagship Pradhan Mantri Mudra Yojana ever since its inception in April 2015.
Based on official estimates, until March 31, 2021, the Authorities had sanctioned 29.55 crore loans to beneficiaries throughout the nation beneath Mudra scheme. The scheme supplies loans to micro, small and medium enterprises in addition to new enterprises.
Out of the 29.5 crore loans sanctioned within the final six years, greater than 6.8 crore loans price Rs 5.2 lakh crores have been given to new entrepreneurs.
For the present monetary 12 months, the Centre has mounted a goal of sanctioning loans price Rs 3 lakh crore for lending establishments. Annual targets for lending are mounted beneath the Mudra scheme, official sources stated.
This helps in creating revenue producing actions in sectors like manufacturing, buying and selling, companies and agriculture.
Below the scheme, credit score as much as Rs 10 lakh is supplied by banks and non-banking monetary firms to small and new companies.
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