Financial ExpressNov 8, 2021Mudra NPAs rise as Covid hits MSMEsThe pandemic has hit small businesses harder than their larger counterparts and that may be putting pressure on loans taken by them, including Mudra loans.The ratio of gross non-performing assets (NPAs), or bad loans, in the loans outstanding under the Pradhan Mantri Mudra Yojana (PMMY) stood at 11.98% as on March 31, 2021, the Micro Units Development & Refinance Agency (Mudra) has said in response to a Right to Information (RTI) query.In absolute terms, the value of gross NPAs in Mudra loans as on March 31, 2021, was Rs 34,090.34 crore, while the value of loans outstanding under the scheme stood at Rs 2.84 lakh crore on the same date.While comparable data on Mudra loan NPAs for the last two years are not publicly available, at the end of FY18, the bad loan ratio under the scheme was a much lower 5.38%, as per Mudra’s annual report for that year.Read more at Financial Express
The pandemic has hit small businesses harder than their larger counterparts and that may be putting pressure on loans taken by them, including Mudra loans.The ratio of gross non-performing assets (NPAs), or bad loans, in the loans outstanding under the Pradhan Mantri Mudra Yojana (PMMY) stood at 11.98% as on March 31, 2021, the Micro Units Development & Refinance Agency (Mudra) has said in response to a Right to Information (RTI) query.In absolute terms, the value of gross NPAs in Mudra loans as on March 31, 2021, was Rs 34,090.34 crore, while the value of loans outstanding under the scheme stood at Rs 2.84 lakh crore on the same date.While comparable data on Mudra loan NPAs for the last two years are not publicly available, at the end of FY18, the bad loan ratio under the scheme was a much lower 5.38%, as per Mudra’s annual report for that year.Read more at Financial Express
