have been struggling to meet the target for lending Mudra loans. The
government, in Budget 2018-19, had said it intends to disburse loans of up to
Rs 3 lakh crore in the current fiscal. However, as on February 22, the total
loan disbursed under the Micro Units Development and Refinance Agency Ltd
(Mudra) scheme stood at about 2 lakh crore.
Mantri MUDRA Yojana (PMMY) was launched in 2015. It seeks to extend affordable
credit to micro and small enterprises. Loans up to Rs.10 lakh are extended to
non-corporate, non-farm enterprises. These loans are classified as MUDRA loans.
under Mudra are given under different categories viz. ‘Shishu’, ‘Kishor’ and
‘Tarun’. These categories are based on the stage of growth or development and
funding needs of the beneficiary.
covers loans up to Rs. 50,000. Kishore covers loans above Rs. 50,000- and up to
5 lakh. Tarun covers loans above Rs. 5 lakh and up to Rs.10 lakh