Banks Sanctions Loan Worth Rs 14.96 Crore Under Pradhan Mantri Mudra Yojana
Since the commencement of 'Pradhan Mantri Mudra Yojana' in 2015, the financial institutions in our country have sanctioned loans worth Rs 14.96 lakh crore to 26.68 crore beneficiaries. To boost entrepreneurship, the scheme has extended collateral free loans up to Rs 10 lakh. Besides, encouraging small businesses, the loans were also provided to manufacturers, traders and service sectors. Reportedly, the banks disbursed around Rs 2.66 lakh crore in 2020-21.