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Credit Campaign to give Push to Micro Units Development and Refinance Agency (Mudra) Loan Under PMMY

Dated:- 5-12-2015 - The Public Sector Banks (PSBs), Regional Rural Banks (RRBs) have started mega credit campaign across the country to give a push to the Pradhan Mantri Mudra Yojana for the benefit of weaker sections to become self-sufficient. A credit campaign was organized from September 25 to October 2, 2015. Target fixed by the Government of India for the current year for Micro Units Development and Refinance Agency (MUDRA) loan under Pradhan Mantri Mudra Yojana is ₹ 1,22,188 crore (R .....

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grievances have been received concerning PMMY. Out of the total, 17 grievances have been redressed and 265 are being taken up for redressal with the concerned banks. Mudra Bank has received 237 grievances/queries. Out of these 27 pertain to security and 8 are with respect to restriction of loans within ₹ 50,000. The information regarding rejection of loan applications, bank wise and state wise, is not centrally maintained. The Government has taken several steps to extend credit to aspiring .....

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