Financial ExpressNov 8, 2021Mudra Yojana: MSMEs disbursed nearly 100% of sanctioned loan amount in H1 FY22, shows govt dataCredit and Finance for MSMEs: The high rate of disbursements assumed significance amid growth in Mudra loans turning into non-performing assets due to the Covid impact on the repayment capacity of borrowers.Credit and Finance for MSMEs: Credit disbursement by public and private lenders, small finance banks, non-banking financial companies, and other lending institutions under the Mudra loans scheme stood at 95 per cent of the amount sanctioned in a little over the first half of the financial year 2021-22, official data showed. The self-employment and entrepreneurship promotion scheme Pradhan Mantri Mudra Yojana (PMMY), launched by Prime Minister Narendra Modi in 2015, is dedicated to micro enterprises, which are generally proprietary concerns at the bottom of the entrepreneurial pyramid, seeking loans up to Rs 10 lakh.Read more at Financial Express
Credit and Finance for MSMEs: The high rate of disbursements assumed significance amid growth in Mudra loans turning into non-performing assets due to the Covid impact on the repayment capacity of borrowers.Credit and Finance for MSMEs: Credit disbursement by public and private lenders, small finance banks, non-banking financial companies, and other lending institutions under the Mudra loans scheme stood at 95 per cent of the amount sanctioned in a little over the first half of the financial year 2021-22, official data showed. The self-employment and entrepreneurship promotion scheme Pradhan Mantri Mudra Yojana (PMMY), launched by Prime Minister Narendra Modi in 2015, is dedicated to micro enterprises, which are generally proprietary concerns at the bottom of the entrepreneurial pyramid, seeking loans up to Rs 10 lakh.Read more at Financial Express
