Over Rs 10 lakh cr loans sanctioned under Mudra Yojana; J&K gets 1%

ZT News Network

New Delhi: The union government on Monday said more than Rs 10 lakh crore have been disbursed under the Pradhan Mantri Mudra Yojana till November 1, 2019.

Jammu & Kashmir has received about one percent of the total loans disbursed, official data available with Ziraat Times suggests.

Entrepreneurs from Tamil Nadu have received maximum loans (10 per cent). Those from Karnataka share the top place with their Tamil Nadu counterparts. Entrepreneurs from Maharashtra, Uttar Pradesh, West Bengal and Bihar along with the top two States share among themselves over 50 per cent of the loans.

The PMMY is a scheme launched by the prime minister on April 8, 2015, for providing loans up to Rs 10 lakh to non-corporate, non-farm small/micro enterprises.

“Under the Pradhan Mantri Mudra Yojana (PMMY), 20.84 crore loan accounts totalling an amount of Rs 10.24 lakh crore have been sanctioned up to November 1, 2019,” Minister of State (IC) for Labour and Employment Santosh Kumar Gangwar said in a written reply to the Lok Sabha.

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