(a) the details of target fixed and achievement made by the Public Sector Banks for extending loans to entrepreneurs to set up new business during each of the last three years and the current year, bank-wise;
(b) whether the Government has received any complaints of banks denying loans to such entrepreneurs during the said period; and
(c) if so, the details thereof along with the corrective measures taken by the Government in this regard?
MINISTER OF STATE IN THE MINISTRY OF FINANCE
(a) Pradhan Mantri Mudra Yojana (PMMY) and Stand Up India Scheme (SUPI) are the flagship Schemes implemented by Department of Financial Services (DFS) for extending loans to entrepreneurs.
Under PMMY, institutional credit up to Rs. 10 lakh is provided by Member Lending Institutions (MLIs) for entrepreneurial activities to micro/small business units, including for new enterprises, which help in creating income generating activities in sectors such as manufacturing, trading, services and activities allied to agriculture. Government allocates annual targets regarding the amount to be sanctioned under PMMY to MLIs. For the current financial year (FY), a target of sanction of Rs. 3.00 lakh crore has been fixed for MLIs.
SUPI facilitates bank loans between Rs.10 lakh and Rs.1 crore to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one Woman borrower per bank branch of Scheduled Commercial Banks for setting up greenfield enterprises in manufacturing trading or services sector and activities allied to agriculture.
Bank-wise (Public Sector Banks) details regarding the number of loans sanctioned to new entrepreneurs during each of the last three years and current year in respect of PMMY and SUPI are placed at Annexure-I & II respectively.
(b) and (c) The complaints received from time to time in respect of implementation of PMMY & SUPI including turning down of loan applications are redressed in coordination with the respective banks.
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