GOVERNMENT
OF INDIA
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GOVERNMENT
OF INDIA
Pradhan Mantri Mudra Yojana (PMMY) provides access to institutional finance to unfunded micro / small business units by extending loans upto Rs.10 lakh for manufacturing, processing, trading, services and activities allied to agriculture, which help in creating income generating activities and employment.
India has witnessed an increasing trend in loan amount sanctioned under PMMY from 2015-16 to 2017-18. Loan amount of Rs. 253677.09 crore was sanctioned in India under PMMY during 2017-18, up by 40.52% versus Rs. 180528.6 crore during 2016-17. We have observed annual growth of 31.34% in loan amount sanctioned in India under PMMY during 2016-17 from Rs. 137449.27 crore during 2015-16.
The top 5 States/UTs in terms of loan amount sanctioned under PMMY during 2017-18 were Tamil Nadu, Karnataka, Maharashtra, Uttar Pradesh and West Bengal. Loan amount of Rs. 25331.68 crore was sanctioned in Tamil Nadu under PMMY during 2017-18, up by 40.32% versus Rs. 18052.68 crore during 2016-17. Annual growth of 13.92% has been observed in loan amount sanctioned in Tamil Nadu under PMMY during 2016-17 over 2015-16 from Rs. 15846.14 crore. We have seen annual growth of 27.81% in loan amount sanctioned in Karnataka under PMMY to Rs. 23009.73 crore during 2017-18 from Rs. 18002.55 crore during 2016-17. Whereas loan amount sanctioned in Karnataka under PMMY was Rs. 16861.35 crore during 2015-16. Loan amount of Rs. 22751.4 crore was sanctioned in Maharashtra under PMMY during 2017-18, up by 31.61% versus Rs. 17286.66 crore during 2016-17. We have found annual growth of 25.21% in loan amount sanctioned in Maharashtra under PMMY during 2016-17 over 2015-16 from Rs. 13806.48 crore.
Loan amount sanctioned under PMMY was Rs. 22077.89 crore in Uttar Pradesh and Rs. 20552.19 crore in West Bengal during 2017-18. Annual growth of 44.46% and 30.95% has been observed in loan amount sanctioned in Uttar Pradesh and West Bengal respectively under PMMY during 2017-18 above 2016-17.
Note: Source: RAJYA SABHA SESSION – 246 UNSTARRED QUESTION No 685; Amount in Rs. Crore; Source: As reported by Member Lending Institutions on the MUDRA Portal.
Resource Title: State/UT-wise Details of Number of Loans and Amount Sanctioned under Pradhan Mantri Mudra Yojana from 2015-16 to 2018-19 (From : Ministry of Finance)