About Pradhan Mantri Mudra Yojana (PMMY)
|Pradhan Mantri Mudra Yojana Objectives||
|Pradhan Mantri Mudra Yojana Loans||
|Pradhan Mantri Mudra Yojana Sectors Covered||
Pradhan Mantri Mudra Yojana Details
- Bad loans under the scheme: Bad loans or NPAs stood at 38 per cent of the total disbursements of Rs 13.64 lakh crore under the scheme during the period, almost half of the banking sector as a whole which stood at 5.97 per cent for the year-ending March 31, 2022.
- Category wise bad loans:
- Shishu loans: Within the three categories, the NPAs for Shishu loans were the lowest at 2.25 per cent of disbursements.
- Kishore loans: Bad loans for Kishore loans were the highest at 4.49 per cent.
- Tarun loans: For Tarun loans, bad loans were 29 per cent of disbursements.
Pradhan Mantri Mudra Yojana Loans
- Public sector banks: Public sector banks accounted for almost 46 per cent of all Mudra loans disbursed in value terms till June 30 this year. For them, bad loans during the seven-year period stood at 98 per cent of their disbursements.
- Private sector banks: They account for 36 per cent of the value of loans disbursed under the scheme, but they have far better recovery than public sector banks. For them, bad loans during the seven-year period stood at just 1.32 per cent of their disbursements.
- Regional Rural Banks (RRBs): In terms of value of loans disbursed, they account for 06 per cent of total and their NPAs are at about 4.22 per cent.
- Small Finance Banks: Accounted for 27 per cent of total disbursement and their NPAs stood at 2.79 per cent.
Pradhan Mantri Mudra Yojana Benefits
- In terms of the number of loan accounts, private banks catered to 10.46 crore beneficiaries or almost 53 per cent of the total 19.78 crore loan accounts.
- On the contrary, public sector banks covered just 4.66 crore beneficiaries, or under 24 per cent of the total Mudra loan accounts.
- The share of private sector banks is very high in Shishu category loans, while the share of public sector banks is high in Tarun category loans.