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Mudra loan sanctions in FY21 drop 21% YoY to 2.7 trn as Covid-19 weighs

The pandemic impact and subsequent lockdown leading to closure of several small units, there are concerns that NPAs under the scheme may rise

Topics
MUDRA | Coronavirus | lending

Nikunj Ohri  |  New Delhi 



money, mudra scheme, bribe
Representational image

Loans sanctioned to small businesses and entrepreneurs under the Pradhan Mantri Yojana (PMMY) dropped to Rs 2.7 trillion in financial year 2020-21 as the Covid-19 pandemic weighed on business activity. Loans sanctioned under PMMY were Rs 3.4 trillion in FY20 and Rs 3.2 trillion in FY19.

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First Published: Wed, April 07 2021. 14:18 IST

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