Question : Pradhan Mantri Mudra Yojana

a) whether over 90 per cent beneficiaries under the Pradhan Mantri Mudra Yojana (PMMY) were given loan of less than Rs. 50,000 only in which hardly any enterprise can be started;
(b) if so, the details thereof;
(c) whether the scheme has not madeany impact on the income/asset growth ofbeneficiaries;
(d) if so, the details thereof; and
(e) whether the Government has takencognizance of this and taken appropriatemeasures to sanction higher amount under PMMY to set up a micro unit and if so, the details thereof?

FINANCE MINISTER



(a) to (e): A statement is laid on the Table of the House.
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STATEMENT REFERRED IN REPLY TO THE LOK SABHA STARRED QUESTION NO. *249 TO BE ANSWERED ON 28thDECEMBER, 2018 BY SHRIR DHRUVA NARAYANA REGARDINGPRADHAN MANTRI MUDRA YOJANA


(a) &(b) More than 15.26 crore loans have been sanctioned under the Pradhan Mantri Mudra Yojana (PMMY) since the inception of the scheme. Of these, 54.3% loans have been sanctioned to SC, ST and OBCs. 73.27% of borrowers are women and 27.6% borrowers are new entrepreneurs/accounts. Loans under Pradhan Mantri Mudra Yojana (PMMY) of uptoRs 50,000 are classified as Shishu loans. The share of Shishucategory loans in the total loans extended under PMMY is as indicated below:

Financial Year No. ofShishu Loan A/cs. (in lakhs) Percentage of loan accounts out of total PMMY Loans
2015-16 324.01 92.89
2016-17 364.98 91.93
2017-18 426.69 88.65
2018-19 (till 21.12.2018) 259.68 88.84

Over 60% of Shishu loans under PMMY are extended by Micro Finance Institutions (MFIs) and Small Finance Banks (SFBs). Shishu Loans support new as well as existing income generatingactivities thereby helping to increasing household incomes.

(c) & (d) An independent study covering PMMY borrowers in 12 states in 2016 has reported that 84% of PMMY borrowers accepted that loans had help increase their revenues by 20% to 30%. As per this study,Shishuloans have helped unlock the business potential of small shop owners and vendors by meeting some of their working capital requirements. These loans have helped businesses to add products to their existing offerings and increase inventory to cater to larger set of customers.
(e) Loans under PMMY uptoRs 10 lakh are already available in three categories namely Shishu, Kishore and Tarun. Borrowers of Shishuloans with good track record of payment enhance their ability to access loans of higher amount from lending institutions under these categories. The average ticket size of PMMY loans and loans under Shishu category have demonstrated an increasing trend year after year.