More than Rs 93,600 crore has been sanctioned under Pradhan Mantri MUDRA Yojana to about 2.26 crore borrowers, Minister of State for Finance Jayant Sinha said today. “2.26 crore loans worth Rs 93,650 crore sanctioned under PM Mudra Yojana. Rs 89,594 crore have already been disbursed.
Big boost to small businesses,” he tweeted. Under Pradhan Mantri MUDRA Yojana (PMMY), loans between Rs 50,000 and Rs 10 lakh are provided to small entrepreneurs. The Micro Units Development and Refinance Agency Ltd (MUDRA) focuses on the 5.75 crore self-employed who use funds totalling Rs 11 lakh crore and provides jobs to 12 crore people.