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  Business   In Other News  29 May 2018  Banks have given Rs 6 lakh cr Mudra loans to 12 cr beneficiaries: PM

Banks have given Rs 6 lakh cr Mudra loans to 12 cr beneficiaries: PM

PTI
Published : May 29, 2018, 10:21 am IST
Updated : May 29, 2018, 10:21 am IST

Out of the 12 crore beneficiaries, 28 per cent or 3.25 crore are first-time entrepreneurs.

Prime Minister Narendra Modi.
 Prime Minister Narendra Modi.

New Delhi: As part of government's scheme of funding the unfunded, Prime Minister Narendra Modi on Tuesday said banks and financial institutions have given Rs 6 lakh crore to 12 crore beneficiaries.

"Out of the 12 crore beneficiaries, 28 per cent or 3.25 crore are first-time entrepreneurs," he said in his interaction with beneficiaries of this scheme.

He also said 74 per cent, or 9 crore, borrowers are women and 55 per cent belong to the SC/ST and OBC category.

Pradhan Mantri Mudra Yojana (PMMY) was launched by the Prime Minister on April 8, 2015, for providing loans of up to Rs 10 lakh to the non-corporate, non-farm small/micro enterprises. 

Tags: mudra yojana, loans, narendra modi, pmmy
Location: India, Delhi, New Delhi