More than 22 crore MUDRA accounts avail ₹ 12.35 lakh crore in 4 years

As per the extant 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 ₹ 10 lakh is eligible to avail credit under the Pradhan Mantri Mudra Yojana (PMMY). This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in Rajya Sabha.

The Minister stated details of loans provided under the Scheme in the last four financial years as tabulated below:-

The Minister further stated that Ministry of Labour and Employment (MoLE) has 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 (i.e. from 2015 to 2018). At an overall level, Shishu category of loan has about 66% of share among additional employment generated by establishments owned by MUDRA beneficiaries followed by Kishore (19%) and Tarun (15%) categories respectively. However, data on employment opportunities created under the PMMY Scheme is not Centrally maintained, the Minister added.

Giving more details, the Minister stated that as per data uploaded by Member Lending Institutions (MLIs) on Mudra portal, as on 26.11.2021, number of PMMY loans extended across the country, including SC, ST, Minority and Women Entrepreneurs is as follows:-