Question : MUDRA Loans

(a) whether the banks are achieving their target for sanctioning of Micro Unit Development and Refinance Agency (MUDRA) loans and if so, the details thereof along with the total number of applications received/people benefitted and the amount disbursed including percentage of loans given to women, Scheduled Castes/Scheduled Tribes/Other Backward Classes entrepreneurs by the Public Sector Banks during the last two years and the current year, bank and State/UT-wise;
(a) whether the Government has received any complaints against banks that they are not co-operating with Pradhan Mantri Mudra Yojana for the unemployed persons in the country and if so, the details thereof, Bank-wise;
(b) whether the banks are forcely demanding for collateral security to release MUDRA loan to needy and if so, the details thereof;
(c) whether the Government has made any changes in the Pradhan Mantri Mudra Yojana and if so, the details thereof; and
(d) the steps taken/being taken by the Government to increase awareness about the MUDRA Yojana in this regard?

THE MINISTER OF STATE IN THE MINISTRY OF FINANCE


(a) As against the target of Rs.1,22,188 crore fixed under Pradhan Mantri Mudra Yojana (PMMY) for 2015-16, Banks and Micro Finance Institutions (MFIs) have together disbursed Rs.1,32,954.73 crore to 3.48 crore borrowers, thereby achieving 109% of the target. Details in respect of amount and number of borrowers in women, Scheduled Castes (SCs) /Scheduled Tribes (STs) /Other Backward Classes (OBCs) categories by Public Sector Banks (PSBs) bank wise and state-wise is at Annex I.
(b) A total of4617 complaints in respect of various aspects have been received on PMMY under Centralized Public Grievance Redress and Monitoring System (CPGRAM). These inter alia include delays in sanction, refusal to give loan, demand for collateral securities etc. Bank wise details are at Annex II.
(c) As per Reserve Bank of India (RBI) guidelines banks are mandated not to accept collateral security in the case of loans up to Rs. 10 lakh extended to units in Micro Small Enterprises (MSE) sector. Complaints in this regard are addressed from time to time.
(d) With effect from April 2016, the following changes have been made under PMMY:
(i)Activities allied to Agriculture and services supporting, which promote livelihood or are income generating, have been included.
(ii) PMMY loans may be extended on cluster basis in addition to existing individual cases.
(iii)Sub-products under MUDRA could be developed by individual banks e.g., MUDRA Weavers Card.
(e) The following steps have been taken to increase awareness about PMMY:
? Banks have conducted awareness programmes for dissemination of information about PMMY. Banners / hoardings / posters about the scheme have been prominently displayed by all the banks at select locations / its branches.
? Campaign by Government from 01.09.2015 to 02.10.2015 through print media, radio jingles, hoardings, town hall meetings, credit camps etc. to disseminate the details of the PMMY scheme.
? Indian Banks’ Association (IBA) also carried out a publicity campaign during January 2016 to March 2016.
? Social media campaign through Twitter and Facebook.