New Delhi, February 12: "Over 15 crore loans, amounting to Rs 4.78 lakh crore, have been disbursed to women borrowers under Pradhan Mantri Mudra Yojana (PMMY)", said Anurag Singh Thakur, MoS for Finance and Corporate Affairs on Tuesday while addressing the upper house of parliament.
In a written reply to a question in Rajya Sabha, Thakur said, "As on 31.01.2020, over 15 crore loans have been disbursed to women borrowers, since inception of the scheme, amounting to Rs 4.78 lakh crore under PMMY." The top three loan borrowers states are Tamil Nadu (Rs 58,227.47 crore), West Bengal (Rs 55,232.19 crore) and Karnataka (Rs 47,714.04 crore). However, the Union Territories received the lowest amount of loans with Daman and Diu Rs 10.28 crore, Andaman and Nicobar Islands Rs 94.80 crore, and Lakshadweep Rs 5.07 crore.
Giving more details, he added, "Under PMMY, loans are extended to eligible borrowers for manufacturing, processing, trading, services and activities allied to agriculture, which help in creating income-generating activities and employment. However, profession-wise details are not maintained centrally."
Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of Government of India to fund the unfunded by bringing such enterprises to the formal financial system and extending affordable credit to them. It enables a small borrower to borrow from all Public Sector Banks such as PSU Banks, Regional Rural Banks and Cooperative Banks, Private Sector Banks, Foreign Banks, Micro Finance Institutions (MFI) and Non Banking Finance Companies (NBFC) for loans upto Rs 10 lakhs for non-farm income generating activities. The scheme was launched on 8th April, 2015 by the Hon'ble Prime Minister.