Mudra Yojana: PM Modi’s Micro Credit Scheme Sanctioned Majority Loans to Women Entrepreneurs in Six Years


Mudra Yojna Scheme has sanctioned 20.31 crore loans involving an amount of Rs 6.86 lakh crore that were extended to women entrepreneurs, according to the data shared by member lending institutions (MLIs) on the Mudra portal. This constituted 68 per cent of total loans and 43 per cent of the total amount sanctioned under the scheme in a little over the six-year period. Institutional credit up to Rs 10 lakh is provided by MLIs for entrepreneurial activities to micro, small enterprises that help in creating income-generating activities in sectors such as manufacturing, trading, services, and activities allied to agriculture…Read more

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