 "Mudra, loans, banks, employment, jobs")
The government has set the loans disbursement target under the PM Mudra Yojana (PMMY) at Rs 3 trillion for the current financial year as compared to Rs 3.21 trillion sanctioned in FY21. Experts attribute the lower target to increased allocation under the credit guarantee scheme for small businesses.
Out of the Rs 3.21 trillion worth loans sanctioned under the Pradhan Mantri Mudra Yojana (PMMY) in the last financial year, Rs 3.12 trillion were disbursed to entrepreneurs, according to official data. The figure was even higher in the financial year 2019-20 with total loans sanctioned at Rs 3.37 trillion, out of
