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Banks Have Given Rs 6 Lakh Crore Mudra Loans to 12 Crore Beneficiaries: PM Narendra Modi

"Out of the 12 crore beneficiaries, 28 per cent or 3.25 crore are first-time entrepreneurs," Prime Minister Narendra Modi said in his interaction with beneficiaries of this scheme.

PTI

Updated:May 29, 2018, 11:29 AM IST
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New Delhi: As part of government's scheme of funding the unfunded, Prime Minister Narendra Modi on Tuesday said banks and financial institutions have given Rs 6 lakh crore to 12 crore beneficiaries.

"Out of the 12 crore beneficiaries, 28 per cent or 3.25 crore are first-time entrepreneurs," he said in his interaction with beneficiaries of this scheme.

He also said 74 per cent, or 9 crore, borrowers are women and 55 per cent belong to the SC/ST and OBC category.

Pradhan Mantri Mudra Yojana (PMMY) was launched by the Prime Minister on April 8, 2015, for providing loans of up to Rs 10 lakh to the non-corporate, non-farm small/micro enterprises.

| Edited by: Puja Menon
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