 "The limit of loans under the Pradhan Mantri Mudra Yojana (PMMY) was doubled to Rs 20 lakh recently, inserting a new category—Tarun Plus. Launched 10 years ago, the scheme intended to provide microfinance to small entrepreneurs. However, the number of")
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On 8th April, the Pradhan Mantri MUDRA Yojana (PMMY) will turn 10. During this period, cumulatively more than 52 crore accounts have been opened. Under the scheme, three categories of interventions have been formulated: Shishu (loans up to Rs 50,000), Kishor (loans above Rs 50,000 and up to Rs 5 lakh), Tarun (loans above Rs 5 lakh and up to Rs 10 lakh), and Tarun Plus (loans above Rs 10 lakh and up to Rs 20 lakh). The last one is designed specifically for Tarun category beneficiaries who have previously availed and successfully repaid their earlier loan.
In this period, 78 per cent of the accounts are Shishu (40 crore), 20 per cent are Kishor (10 crore) and two per cent Tarun/Tarun Plus (2 crore). Interestingly, the share of Shishu in total has declined to 51.7 per cent in FY25 from 93 per cent in FY16, while the Kishor account share has increased to 44.7 per cent from 5.9 per cent. This suggests that some Shishu account holders have grown and availed Kishor loans of higher loan limit.
 "Nitin Chugh, BFSI")
 "HDFC Bank")
 "Over a week after Reserve Bank of India (RBI) governor Shaktikanta Das highlighted persistent gap in deposit and credit growth in a meeting with CEOs of public and private sector banks, two state-run lenders — Bank of Baroda (BoB) and Bank of Maharas")
 "State Bank of India, SBI")
 "HDFC Bank")
