SFBs slow in MUDRA credit offtake in Odisha, extend just 2% of total loans

Have disbursed just Rs 135 cr out of a total assistance of Rd 6,492 cr; Private sector lenders eclipse all banks

Small Finance Banks (SFBs) have proved to be slow starters in disbursement of credit under Pradhan Mantri MUDRA Yojana.

Data collated by the State Level Bankers' Committee (SLBC) in Odisha shows SFBs have opened 34,116 accounts under MUDRA (as on September 30, 2019) and have disbursed Rs 135.83 crore of loans. But the share in overall disbursements is only 2.04 per cent.

Odisha has seen credit disbursement of Rs 6,492.03 crore under MUDRA from 1.67 million accounts. Private sector lenders have eclipsed all banks in performance under MUDRA. With 840,429 accounts, the private banks have disbursed Rs 2552.61 crore, contributing 39.32 per