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12 Crore Individuals Received Rs. 6 Lakh cr Worth of Mudra Loans, Says PM Narendra Modi
May 31, 2018
Photo credit: Presidencia de la República Mexicana on Visual Hunt / CC BY
Prime Minister Narendra Modi said that under the Pradhan Mantri Mudra Yojana (PMMY), Rs. 6 lakh crores worth of loans were disbursed by the banks for 12 crore beneficiaries. He said that 28% of these were first-time entrepreneurs, and 78% were women.
The PMMY scheme was rolled out by the PM on April 8, 2015, to offer affordable and easily accessible loans to the SMEs and non-corporate entities.
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