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Dec 15, 2022
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Mudra loan: Over 16 crore loans sanctioned, this much amount extended in last three FYs
Credit and finance for MSMEs: The government’s micro credit scheme Pradhan Mantri Mudra Yojana has sanctioned over 16.67 crore loans involving Rs 9.98 lakh crore in the last three financial years (FY20-FY22), said Finance Minister Nirmala Sitharaman in a written reply to a question in the Lok Sabha. Out of the total loans sanctioned, 68 per cent or 11.08 crore loans were sanctioned to women borrowers while in terms of the sanctioned amount, 44 per cent or Rs. 4.42 lakh crore out of the total amount was extended to women entrepreneurs in three years.
The scheme was launched by Prime Minister Narendra Modi in 2015 to provide institutional credit of up to Rs 10 lakh to micro and small business for income-generating activities in the manufacturing, trading, and services sector and also for activities allied to agriculture.
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