Prime Minister MUDRA Yojana is a Revolutionary Scheme Under The Modi Govt.
Success story of the PM MUDRA loan
In Last 7 years.
✓Total Beneficiaries - 34.42 Crore (344.2 million).
✓Total Loan sanctioned-Rs 18.60 Lakh crore (USD 250 billion).
✓Per day beneficiaries over 1.34 lakh
✓Per day loan sanctioned more than Rs 728 crore.
the number may increase ,if we cosidered worked day (8Apl'15 to 8Apl'22).
✓per day loan may be around Rs 1010 crore
✓per day beneficiaries around 1.87 lakh.
About PM MUDRA Yojana
Mudra Yojana is a scheme launched by Hon'ble PM on April 8,2015 for providing loans upto Rs10 lakh or $15000 to the non corporate,non farm small/micro enterprises.
✓No collateral or security is required for availing MUDRA loan.
✓No processing fee charged from the borrower.
Categories of Mudra loan
Collateral free business loans offered under Mudra Yojana come in three loan categories,named Shishu, Kishore and Tarun.
Three categories
1.Shishu loan up to 50000.
2.Kishor loan up to 50000 to 5 lakh.
3.Tarun loan 5lakh to 10 lakh.
Impacts of the PM Mudra Yojana (PMMY)
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.
As per survey report,loans have been given to disadvantaged sections of society such as women entrepreneurs, SC/ST/OBC borrowers, Minority community borrowers, etc. Out of the 1.12 crore net additional employment, women accounted for 69 lakh (62%).
So, no doubt PM Mudra Yojana one of the revolutionary scheme of the Modi govt.
