Loans are extended under the Pradhan Mantri Mudra Yojana (PMMY), Scheme by banks and Micro Finance Institutions (MFIs) in three categories:
Shishu (loans upto Rs. 50,000);
Kishore (loans from Rs. 50002 to Rs. 5 lakh);
Tarun (loans from Rs.5 lakh to Rs. 10 lakh)
Till 12th February, 2016, the loans extended are as follows:
|Category||No. of borrowers|
The PMMY is a demand driven scheme, and all loans proposals are considered on commercial merits. Out of the total disbursement of Rs. 99, 467 crore as on 12th February, 2016, Rs. 21,119 crore is under Tarun Sector. This constitutes 21.23% of the total portfolio.
This was stated by Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.