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Published on 3/08/2022 10:45:28 AM | Source: Accord Fintech

Rs 9.98 lakh crore of loans sanctioned to 16.67 crore loan accounts under PMMY from 2015 to 2018: Bhagwat Kisanrao Karad

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Union Minister of State for Finance Bhagwat Kisanrao Karad has said that Rs 9.98 lakh crore of loans were sanctioned to 16.67 crore loan accounts under Pradhan Mantri Mudra Yojana (PMMY) in three years from 2015 to 2018. He stated the Pradhan Mantri Mudra Yojana helped in generation of 1.12 crore net additional employment during a period of around 3 years (from 2015 to 2018).

He said the employment generation figure is based on a sample survey conducted by the Ministry of Labour and Employment. As per findings of this survey, he stated, on an overall basis, loans under Shishu category accounted for 66 per cent of additional employment generated by establishments owned by MUDRA beneficiaries followed by Kishore (19 per cent) and Tarun (15 per cent) categories.

Further, he said, as on 1 July 2022, more than 7.66 crore loans amounting to Rs 6.12 lakh crore have been extended to New Entrepreneurs/Accounts under PMMY, since inception of the Scheme. However, data on employment opportunities created under the PMMY Scheme is not centrally maintained.