Over Rs 10 Lakh Crore Loans Sanctioned Under Mudra Yojana
A woman signs a register to receive a loan in India. (Photographer: Adeel Halim/Bloomberg)

Over Rs 10 Lakh Crore Loans Sanctioned Under Mudra Yojana

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The government on Monday said more than Rs 10 lakh crore have been disbursed under the Pradhan Mantri Mudra Yojana till Nov. 1.

The PMMY is a scheme launched by the prime minister on April 8, 2015, for providing loans up to Rs 10 lakh to non-corporate, non-farm small/micro enterprises.

"Under the Pradhan Mantri Mudra Yojana, 20.84 crore loan accounts totalling an amount of Rs 10.24 lakh crore have been sanctioned up to Nov. 1," Minister of State (Independent Charge) for Labour and Employment Santosh Kumar Gangwar said in a written reply to the Lok Sabha.

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