Govt to organise mega credit camps for Pradhan Mantri Mudra Yojana loan
Updated: Aug 25, 2015 11:30:57am
New Delhi, Aug 25 (KNN) Government is organizing Mega credit camps across the country between September 25 and October 2, 2015 for Pradhan Mantri MUDRA Yojana (PMMY) loans so that maximum number of borrowers could get credit as per their requirement under three categories of loans- Shishu, Kishore and Tarun.
The Banking sector has been allocated an overall disbursement target of Rs 1,22,188 crore during 2015-16 for MUDRA loans and the banks have already disbursed Rs15,566 crore as on 17.8.2015 to more than 20 lakh borrowers under PMMY in the country.
Banks are making best possible efforts to popularise the scheme. Awareness camps are also being organised at various locations by the Banks, Ministry of Finance said in a statement.
The main emphasis of the camps would be to disburse loans under ‘SHISHU’ category. These MUDRA loans have been divided into three categories viz. ‘Shishu’ for loans upto Rs. 50,000, ‘Kishore’ for loans above Rs 50,000 and upto Rs 5 lakhs and ‘Tarun’ for loans above Rs 5.0 lakhs and upto Rs 10.0 lakhs.
In lending, priority will be given to SCs/STs enterprises, the Ministry added.
Earlier the Government of India had launched Micro Units Development and Refinance Agency (MUDRA) and Pradhan Mantri MUDRA Yojana (PMMY) on April 8, 2015 for funding around 5.77 crore unfunded micro units/segments operating in the country. 62 per cent of these units are owned by SCs/STs/OBCs. (KNN Bureau)
The Banking sector has been allocated an overall disbursement target of Rs 1,22,188 crore during 2015-16 for MUDRA loans and the banks have already disbursed Rs15,566 crore as on 17.8.2015 to more than 20 lakh borrowers under PMMY in the country.
Banks are making best possible efforts to popularise the scheme. Awareness camps are also being organised at various locations by the Banks, Ministry of Finance said in a statement.
The main emphasis of the camps would be to disburse loans under ‘SHISHU’ category. These MUDRA loans have been divided into three categories viz. ‘Shishu’ for loans upto Rs. 50,000, ‘Kishore’ for loans above Rs 50,000 and upto Rs 5 lakhs and ‘Tarun’ for loans above Rs 5.0 lakhs and upto Rs 10.0 lakhs.
In lending, priority will be given to SCs/STs enterprises, the Ministry added.
Earlier the Government of India had launched Micro Units Development and Refinance Agency (MUDRA) and Pradhan Mantri MUDRA Yojana (PMMY) on April 8, 2015 for funding around 5.77 crore unfunded micro units/segments operating in the country. 62 per cent of these units are owned by SCs/STs/OBCs. (KNN Bureau)
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