Loans extended under the Pradhan Mantri Mudra Yojana (PMMY) during 2016-17 have crossed the target of Rs 1,80,000 crore for 2016-17.
Sanctions currently stand at Rs 1,80,087 crore with final data still awaited from some of the smaller non-banking lenders. The Union Budget has announced a target of Rs. 2.44 lakh crore for Mudra Loans during 2017-18. There would be a special focus within the Mudra Scheme on convergence with other government schemes, deepening connect with borrowers and meeting credit requirements of trainees completing skilling course.
Takeaways from above News-
- Pradhan Mantri Mudra Yojana tops target for 2016-17, loans cross target of Rs 1.8 lakh crore
- Pradhan Mantri Mudra Yojana (PMMY) was launched on 8th April 2015 by PM Narendra Modi
If you have any other takeaways, do share with us in the comment section
Source- Financial Express