Banks have given Rs 6 lakh cr Mudra loans to 12 cr beneficiaries: PM
Out of the 12 crore beneficiaries, 28 per cent or 3.25 crore are first-time entrepreneurs.
By : DC Correspondent
Update: 2018-05-29 04:51 GMT
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.