Over Rs 1 lakh crore disbursed under MUDRA Yojana


Under Pradhan Mantri Mudra Yojana Loans worth Rs1.09 lakh crore have been sanctioned to small entrepreneurs, loans worth over Rs.1.09 lakh crore were given to over 2.96 crore beneficiaries.

According to Minister of State for Finance Jayant Sinha loans worth over Rs 1.09 lakh crore were given to over 2.96 crore beneficiaries. Under Pradhan Mantri MUDRA Yojana, which was launched in April last year, loans between Rs 50,000 and Rs 10 lakh are provided to small entrepreneurs. 

MUDRA YOJANA:
  • Pradhan Mantri Mudra Yojana under the Micro Units Development and Refinance Agency (MUDRA) Bank is a new institution being set up by Government of India for development and refinancing activities relating to micro units. It was announced by the Finance Minister while presenting the Union Budget for FY 2016. The purpose of MUDRA is to provide funding to the non corporate small business sector. 
  • MUDRA Yojana, which was launched in April last year, loans between Rs.50, 000 and Rs.10 lakh are provided to small entrepreneurs. The Micro Units Development and Refinance Agency Ltd (MUDRA) focuses on the 5.75 crore self-employed who have deployed funds totalling Rs.11 lakh crore and provide jobs to 12 crore people.

Extra info:
  • The Micro Units Development and Refinance Agency Ltd (MUDRA) focuses on the 5.75 crore self-employed who deploy funds totaling Rs 11 lakh crore and provide jobs to 12 crore people. 
  • The banking sector has been allocated an overall disbursement target of about Rs 1.22 lakh crore during 201516 for MUDRA loans. 

So lets do:
  • Who is the Minister of State for Finance of India?
  • Who is the finance Minister of India?
  • Recently how Much amount is sanctioned under Pradhan Mantri Mudra Yojana to small entrepreneurs?

Source – India Today
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