Table of Contents
- Pradhan Mantri Mudra Yojana (PMMY) is a scheme to provide loans up to Rs. 10 lakh to non-corporate, non-farm small/micro enterprises.
- MUDRA (Micro Units Development and Refinance Agency) provides loans through various financial institutions.
- The loans are offered under Mudra scheme by Private Banks, NBFCs, MFIs, PSBs, RRBs, Co-operative Banks and Foreign Banks.
- The scheme has three categories under which loans are disbursed:
- Shishu – For loan amount up to Rs. 50,000
- Kishor –For loan amount from Rs. 50,001- Rs 5 lakh
- Tarun – For loan amount more than 5 lakhs and up to Rs 10 lakh
IN-NEWS
- Recently, PMMY Survey has been conducted by the Labour Bureau under the Ministry of Labour and Employment.
- The survey was conducted between April-November 2018 of 97,000 beneficiaries.
- It takes into account, the loans disbursed during April 2015-December 2017 (33 months).
FINDINGS OF THE REPORT
- A total of Rs 5.71 lakh crore in loans was sanctioned — through 12.27 crore loan accounts.
- The average size of a loan was Rs 46,536.
- Shishu loans (upto Rs 50,000) account for 42%.
- Kishor (Rs 50,000 to Rs 5 lakh) account for 34%.
- Tarun loans (Rs 5 lakh to Rs 10 lakh) constituted 24%.
- Overall 1.12 crore additional jobs were created during those 33 months period.
- This means, the loan extended for every additional job created works out to Rs 5.1 lakh.
Sector-wise additional job creation under MUDRA:-
- Services: 34.34 %
- Trading: 33.23%
- Allied agriculture: 20.33%
- Manufacturing: 11.7 %
STATE WISE REPORT ON JOBS
- Just 5 states, Tamil Nadu, Karnataka, Odisha, Bihar and West Bengal, account for about 70% of total loans disbursed — by value.
- 4 of these, Tamil Nadu, Karnataka, Odisha and Bihar, also figure among the top 5 additional employment creators, generating 40% jobs.
- Although Maharashtra could garner just 4% of total loans but generated the maximum additional jobs of 15%.
- UP with a meagre 2.7% share in loans generated 5.1% of jobs.
- Kerala with 2.9% share in loans generated 5.2% extra jobs.
- On the contrary, states which are traditionally industrial powerhouse, generated lesser jobs.
- Gujarat, with 4.5% share in total loan disbursements, generated just 5% of the total 1.12 crore additional employment.
- Tamil Nadu, which received the lion’s share — 20.2% — of loans disbursed, created only 8.1% of extra jobs.
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