New Delhi: A total of 1,51,34,010 loans have been sanctioned in Gujarat under the Pradhan Mantri Mudra Yojana (PMMY) since its inception in 2015. The details were shared by the Government of India during a response in the Lok Sabha.

In response to a question during the ongoing winter session of Parliament, Union Finance Minister Nirmala Sitharaman said, “The Government has undertaken two assessments of the Pradhan Mantri Mudra Yojana (PMMY) since its inception in 2015, details of which are as under:

i) Ministry of Labour and Employment (MoLE) – A large sample survey was conducted at the national level to estimate employment generation under PMMY. As per the survey results, PMMY has helped in generation of 1.12 crore net additional employment during a period of approximately 3 years (i.e. from 2015 to 2018).

ii)NITI Aayog (November 2023)- The findings, issues and challenges have been summarized which, inter-alia, consist of Scheme Design, Implementation, Institutional Mechanism and Monitoring and

The number of loans, amount disbursed social category-wise, year-wise and State-wise along with Telangana, Tamil Nadu and Rajasthan including the number of women, SC and ST category beneficiaries in Bhilwara District, since the launch of the MUDRA Scheme is at Annexure (Pages 1-10). Details of applications received and religious group wise data for loans under Pradhan Mantri Mudra Yojana (PMMY) are not centrally maintained.

Any individual, who is otherwise eligible to take a loan and has a business plan for small business enterprise can avail loan under the scheme.

All the groups of the society, including marginalized groups are provided easy access to loans under MUDRA Yojana. Collateral free institutional credit upto Rs.20 lakh is being extended by Member Lending Institutions (MLIs) to unfunded micro/small business units. Loans under the Scheme are extended for income generating activities in the manufacturing, trading, services sector including activities allied to agriculture across four loan products, viz. Shishu (loans upto Rs. 50,000), Kishor (loans above Rs. 50,000 , upto Rs. 5 lakh),Tarun (loans above Rs. 5 lakh and upto Rs. 10 lakh) and Tarun Plus (loans above Rs.10 lakh and upto Rs.20 lakh for those entrepreneurs who have availed and successfully repaid previous loans under the ‘Tarun’ category w.e.f 24.10.2024).

Government has taken various steps towards effective implementation of the These, inter- alia, include publicity campaigns, simplification of application form, Credit Guarantee Scheme, nomination of Mudra Nodal Officer, frequent reviews at various levels to monitor the achievement against allocated target, etc. Platforms like Jansamarth portal, PSB Loans in 59 Minutes and Udyamimitra portal provide a quick and efficient way to get loans for individuals and businesses, with approvals based on digital evaluation  of the applicant’s data. Further, many banks  and financial institutions have implemented online platforms and mobile apps to facilitate loan applications, reducing the need for physical paperwork and in-person visits.

The limit of Mudra loans has been enhanced to ₹ 20 lakh from the current ₹10 lakh for those entrepreneurs who have availed and successfully repaid previous loans under the ‘Tarun’ category.