Speed Post News Network
New Delhi : As on October 29, 2021, a total of 21.52 crore loans have been extended to women borrowers by Member Lending Institutions (MLIs) under Pradhan Mantri Mudra Yojana (PMMY) since inception of the scheme. This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in written reply to a question in Rajya Sabha on November 30, 2021. The Minister further stated that this constitutes approx. 68% of the total loans extended under PMMY.
Giving more information, Karad stated that as per the existing guidelines, any individual who is otherwise eligible to take loan and has a business plan for non-farm income generating activities in sectors such as manufacturing, trading, services, and activities allied to agriculture and whose credit need is up to Rs 10 lakh is eligible to avail credit under the Scheme, according to a PIB release.