Everything about Pradhan Mantri Mudra Yojana

[ecis2016.org] Mentioned in this article is all about the various loans under the Pradhan Mantri Mudra Yojana that is provided for generating income and creating jobs in the various sectors including manufacturing, services, agriculture, retail, etc.

Pradhan Mantri Mudra Yojana

The Pradhan Mantri Mudra Loan Scheme was inaugurated in 2015 by Prime Minister Narendra Modi. People in India would be eligible for assistance of approximately Rs 10 lakh to establish their small businesses under this programme. Individuals seeking loans would not be required to pay any processing fees under the Pradhan Mantri Mudra Yojana. Also, the payback duration for loans made under this plan has been increased by five years. The country’s citizens are issued a Mudra card to apply for Mudra loans under the PM Mudra Loan program.

You are reading: Everything about Pradhan Mantri Mudra Yojana

Pradhan Mantri Mudra Yojana: Percentage of women recipients under this scheme

The Pradhan Mantri Mudra Loan Yojana has disbursed Rs 33 million. Women recipients account for 68% of the scheme’s beneficiaries. These women are mostly from the SC, ST, and minority communities. These ladies are mainly from the SC, ST, and minority communities. Union Minister Smriti Irani delivered this information on March 30, 2022 in the Rajya Sabha.

Pradhan Mantri Mudra Yojana: Annual target 

The government sets an annual objective for Banking Institutions, Regional, Non-Banking Financial Companies, and Micro Finance Institutions. This year’s goal is Rs 3 lakh crore. The government does not assign specific state and UT-specific and gender-specific goals for this programme. 

Pradhan Mantri Mudra Yojana: Objective

Since there are so many individuals in our nation who want to establish their own company while being unable to do so owing to the lack of financial resources, the primary goal of this programme is to help them achieve that goal. By taking up a Mudra loan, borrowers would be able to establish their small businesses. In addition, this plan makes it extremely simple to provide loans to individuals.

Various types of Pradhan Mantri Mudra loan scheme

There are three different sorts of loans that may be obtained via the PM Mudra Yojana.

• Shishu Loan

Mudra Yojana recipients may get loans of up to Rs 50,000  under this programme.

• Kishor Loan

The participants of this Mudra Yojana would get loans ranging from Rs 50,000 to  Rs 5,00,000.

• Tarun Loan

This Mudra Yojana provides recipients with loans ranging from Rs 5,00,000 to Rs 10,00,000.

Pradhan Mantri Mudra Yojana: Banks covered

• Public sector banks

State Bank of India

Bank of Baroda

Bank of India

Bank of Maharashtra

Canara Bank

Corporation Bank

Central Bank of India

• Private sector bank

Axis Bank Ltd.

Catholic Syrian Bank Ltd.

City Union Bank Ltd.

DCB Bank Ltd.

Federal Bank Ltd.

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HDFC Bank Ltd.

• Regional rural banks

Andhra Pragathi Grameena Bank

Chaitanya Godavari Grameena Bank

Deccan Grameena Bank

Saptagiri Grameena Bank

Bihar Gramin Bank

Madhya Bihar Gramin Bank

• Co-operative banks

Gujarat State Co-op Bank Ltd

Mehsana Urban Co-op Bank

Rajkot Nagarik Sahakari Bank

Kalupur Commercial Co-op Bank

• MFI List offering mudra loan

S V Creditline Pvt. Ltd.

Margdarshak Financial Services Ltd.

Madura Micro Finance Ltd.

ESAF Micro Finance & Investments P. Ltd.

Fusion MicroFinance P. Ltd.

Ujjivan Financial Services P. Ltd.

• List of NBFC

Reliance Capital Ltd.

Fullerton India Credit Co. Ltd.

Shriram Transport Finance Co. Ltd.

SREI Equipment Finance Ltd.

Magma Fincorp Ltd.

Pradhan Mantri Mudra Yojana: Beneficiaries

• Proprietorship
• Alliance
• Businesses engaged in the service industry
• Microbusiness
• Repair establishments
• Proprietors of trucks
• Business of food
• Seller
• Micro MenuFactory Form

Pradhan Mantri Mudra Yojana: Currency card

Read also : How to repay your home loan faster

The recipient of a Mudra loan will get a Mudra card. The beneficiary may use this Mudra card the same way a debit card is used. The recipient will be free to withdraw funds from ATMs based on their needs using the Mudra card. You will be given a password for this Mudra card, which you must keep confidential, and you may use it to meet your business requirements.

Pradhan Mantri Mudra loan scheme accomplishment in 6 years

• Pradhanmantri Mudra Loan Yojana has granted Rs 14.96 lakh crore loans to 28.68 recipients throughout the previous six years. This programme created an extra 1.12 crore employment between 2015 and 2018.
• Because of the Pradhan Mantri Loan Yojana, small businesses have been boosted. A total of 4.20 crore people received loans from the government in the fiscal year 2020-21.
• The Pradhan Mantri Mudra Loan Yojana was responsible for 88 per cent of Shishu loans. Loans were given to 24 per cent of new business owners. 68 per cent was allocated to women, and 51 per cent was allocated to people from Scheduled Castes, Scheduled Tribes, and Backward Classes. Moreover, a tenth of the loans were given to people from minority groups.

Purchase of commercial vehicles under the Pradhan Mantri Mudra Loan Yojana

As part of the Pradhanmantri Mudra Yojana, the government provides loans to businesses to acquire commercial vehicles. Under the PM Loan Yojana, you may get loans to purchase auto rickshaws, tractors, goods transport vehicles, taxis, trolleys, three-wheelers, and electric scooters, among other things.

Advantages of PM Mudra loan scheme

• Anyone in the nation who wishes to establish their own small business may apply for a loan under Pradhanmantri Mudra Loan.
• Citizens of the nation will be offered a loan with no obligation to establish a business under the PM Loan Scheme. Apart from this, there is no processing fee associated with the loan. Under Pradhanmantri Loan Yojana, the loan payback time may be prolonged up to five years.
• The borrower receives a Mudra card, enabling them to make business-related purchases.

Subvention of 2% interest to Shishu category recipients

The shutdown was implemented last year as a result of the coronavirus outbreak. The government launched the campaign “Self-Reliant India” to re-energize the economy. It was agreed to grant a 2 percent interest subsidy to borrowers belonging to the Shishu category who applied for loans under the Pradhan Mantri Mudra Loan Yojana.

Because of the coronavirus infection, the Reserve Bank granted authority to halt debt repayments last year. After the moratorium period has expired, all borrowers covered by the interest subvention plan will benefit from the scheme. The duration of this benefit is one year.

Pradhan Mantri Mudra Yojana: Eligibility and documents to be submitted 

Individuals starting a small business or seeking to expand an existing one may also apply for a loan under this Pradhan Mantri Mudra Loan Scheme 2022.

• The borrower’s age must be at least 18 years.
• The applicant should not be a bank defaulter.
• Aadhar Card
• Pan Card
• Permanent application address
• Address of the Business and Proof of Ownership
• Three-year balance sheet
• Income Tax Returns and Self-Assessment Returns
• Passport size photo

Online application procedure for Mudra Yojana

The online application process in 2022 is the same as the Pradhan Mantri Loan Yojana 2020 apply online-

• To begin, you must go to the Mudra Yojana’s official website.
• Now you’re on the home page.
• On the front page, you will discover the following categories of Mudra Yojana.

• Click on any category, and the following page will appear on your computer screen. 

• The application form is available for download on this page.
• Following that, you must print this application.
• Now you must carefully complete all of the application form’s required information.
• Following that, you must affix any necessary papers.
• This application form will now be sent to your local bank.
• The loan will be issued to you within one month of your application being verified.

Pradhan Mantri Mudra Yojana: How to Login?

• To begin, you must go to the Mudra Yojana’s official website.
• Now you’re on the home page.
• You must first click the login button on the main page.

• A new page will now appear in which you must enter your login, password, and captcha code.

• You must now click the login button.
• This is the method via which you’ll be able to access the Mudra portal.

Pradhan Mantri Mudra Loan Scheme 2022: Procedure for applying 

• Under the PM Loan, interested recipients may apply for a loan by submitting the required documentation to their closest state bank, private institution, rural bank, or commercial bank, among others.
• Following that, visit the bank through which you want to get a loan and complete the application form.
• And then complete the form, attach all necessary papers, and send it to the banking institution.
• The bank will provide the loan within one month after validating all of your documentation.

Pradhan Mantri Mudra Loan Scheme: How to access public disclosures?

• To begin, you must go to the PM Mudra Loan Yojana’s official website.
• Now you’re on the home page.
• Following that, you must choose the Financials option.

• Now you must choose the Public Disclosure option.
• Following that, you must select the fiscal year.

• Now you must choose a quarter.
• Once you’ve chosen a quarter, a PDF file will be downloaded to your device.
• This file contains the public disclosure.

Pradhan Mantri Mudra Loan Scheme: Procedure for getting tender-related information

• To begin, you must go to the Pradhan Mantri Mudra Loan Yojana’s official website.
• Now you’re on the home page.
• You must first tap on the Tenders link on the main page.

• Following that, a new section will load on your computer screen.

• This page will provide a list of available tenders.
• You must choose the appropriate option.
• Your computer screen will display pertinent information.

Pradhan Mantri Mudra Loan Scheme: Report viewing process

• To begin, you must go to the Pradhan Mantri Mudra Loan Yojana’s official website.
• Now you’re on the home page.
• You must first choose the report option on the main page.

• You will now be sent to a new page, where you can access all the PMMY reports. 

Pradhan Mantri Mudra Loan: Information on bank nodal officer

• To begin, you must go to the Mudra Loan scheme’s official website.
• Now you’re on the home page.
• On the main page, click the Contact Us link.

• Following that, a new section will load on your computer screen.

• On this screen, you must choose the Bank Nodal Officer PMMY option.
• When you choose this option, a PDF file is downloaded to your device.
• This file contains information on the Bank Nodal Officer.

Pradhan Mantri Mudra Loan Scheme: Information about the Mudras shortlisted for partnership

• To begin, you must visit the Mudra Loan Scheme’s official website.
• Now you’re on the home page.
• Following that, you must choose the Offerings option.

• Now you must choose the Shortlisted for Partnering Currency option.
• You will be prompted to download a file to your device.
• You will be ready to see the associated information in this file.

State Wise Report 2021-2022 for Shishu, Kishor and Tarun

• Shishu 

Sr No	State Name	No Of A/Cs	Sanction Amt (in crores)	Disbursement Amt (in crores)
1	Andaman and Nicobar Islands	121	0.31	0.30
2	Andhra Pradesh	193324	509.93	498.98
3	Arunachal Pradesh	1864	4.81	4.72
4	Assam	160273	413.12	402.15
5	Chandigarh	3886	10.24	10.07
6	Chhattisgarh	339351	960.28	950.28
7	Dadra and Nagar Haveli	333	0.98	0.97
8	Daman and Diu	132	0.26	0.16
9	Delhi	48015	112.2	108.63
10	Goa	11145	34.53	33.44
11	Gujarat	615126	2001.32	1992.52
12	Haryana	371757	1160.53	1146.07
13	Himachal Pradesh	26541	84.25	76.02
14	Jharkhand	701087	1949.19	1925.40
15	Karnataka	1750715	4704.07	4694.33
16	Kerala	683984	1970.86	1960.42
17	Lakshadweep	121	0.47	0.45
18	Madhya Pradesh	1256854	3578.59	3497.73
19	Maharashtra	1697024	4541.56	4520.27
20	Manipur	21441	55.40	54.21
21	Mizoram	321	1.01	0.88
22	Nagaland	2172	6.86	6.55
23	Odisha	1772974	4760.39	4733.15
24	Pondicherry	61653	205.94	205.37
25	Punjab	448074	1358.06	1336.08
26	Rajasthan	1223374	3655.58	3635.11
27	Sikkim	3169	9.92	9.40
28	Tamil Nadu	2678037	8810.82	8791.58
29	Telangana	93453	204.05	186.67
30	Tripura	119598	348.08	346.03
31	Union Territory of Jammu and Kashmir	35219	112.39	111.22
32	Union Territory of Ladakh	137	0.49	0.49
33	Uttar Pradesh	2022941	5865.82	5762.65
34	Uttarakhand	114071	378.77	371.80
35	West Bengal	2002550	4939.17	4912.35

• Kishor

Sr No	State Name	No Of A/Cs	Sanction Amt (in crores)	Disbursement Amt (in crores)
1	Andaman and Nicobar Islands	465	13.71	13.45
2	Andhra Pradesh	153863	2497.46	2397.55
3	Arunachal Pradesh	482	12.47	11.36
4	Assam	32645	627.10	510.14
5	Chandigarh	1661	37.88	776
6	Chhattisgarh	65245	851.89	794.20
7	Dadra and Nagar Haveli	318	5.69	5.58
8	Daman and Diu	190	4.45	4.17
9	Delhi	17725	318.49	303.80
10	Goa	5352	101.77	91.35
11	Gujarat	132539	1776.20	1733.72
12	Haryana	101895	1228.74	1162.32
13	Himachal Pradesh	23413	511.49	458.51
14	Jharkhand	136262	1443.83	1337.82
15	Karnataka	411211	4676.80	4582.86
16	Kerala	180629	2058.39	1989.63
17	Lakshadweep	218	5.38	5.32
18	Madhya Pradesh	239822	2966.79	2657.99
19	Maharashtra	305562	3811.85	3642.63
20	Manipur	3498	57.66	51.15
21	Mizoram	703	14.10	13.08
22	Nagaland	2066	41.35	38.74
23	Odisha	216014	2292.63	2170.50
24	Pondicherry	12382	143.96	141.40
25	Punjab	103939	1554.77	1454.62
26	Rajasthan	242474	3093.78	3001.18
27	Sikkim	3169	9.92	9.40
28	Tamil Nadu	399401	4855.54	4735.03
29	Telangana	45090	916.66	871.72
30	Tripura	22941	285.32	267.74
31	Union Territory of Jammu and Kashmir	94216	2076.69	2036.75
32	Union Territory of Ladakh	3910	81.56	936
33	Uttar Pradesh	402439	5189.17	4915.72
34	Uttarakhand	29676	523.72	494.88
35	West Bengal	316484	4337.28	4003.48

• Tarun

Sr No	State Name	No Of A/Cs	Sanction Amt (in crores)	Disbursement Amt (in crores)
1	Andaman and Nicobar Islands	261	22.11	21.60
2	Andhra Pradesh	36624	2998.67	2884.86
3	Arunachal Pradesh	290	24.19	22.49
4	Assam	6936	531.70	474.25
5	Chandigarh	776	65.66	60.40
6	Chhattisgarh	8853	695.94	630.97
7	Dadra and Nagar Haveli	122	10.52	10.23
8	Daman and Diu	66	5.43	5.23
9	Delhi	6720	559.75	525.24
10	Goa	926	72.52	63.82
11	Gujarat	17001	1362.13	1284.30
12	Haryana	10333	805.15	759.52
13	Himachal Pradesh	6061	506.10	476.73
14	Jharkhand	9663	780.31	678.53
15	Karnataka	27607	2139.41	2017.60
16	Kerala	14325	1232.81	1179.64
17	Lakshadweep	44	3.48	3.42
18	Madhya Pradesh	23082	1729.74	1542.45
19	Maharashtra	36388	2940.71	2689.56
20	Manipur	465	38.13	33.83
21	Mizoram	246	20.54	18.76
22	Nagaland	474	38.75	33.37
23	Odisha	15051	1156.90	1039.99
24	Pondicherry	525	38.49	37.06
25	Punjab	12806	1077.25	1005.47
26	Rajasthan	25811	2098.21	2020.19
27	Sikkim	272	23.14	20.66
28	Tamil Nadu	23906	2301.22	2226.89
29	Telangana	15105	1122.92	1086.95
30	Tripura	1031	75.37	69.90
31	Union Territory of Jammu and Kashmir	16333	1198.50	1169.77
32	Union Territory of Ladakh	4983	152.60	151.02
33	Uttar Pradesh	44357	3997.22	3693.65
34	Uttarakhand	5428	455.53	432.96
35	West Bengal	30099	2191.42	1973.36

Pradhan Mantri Mudra Loan Scheme: Contact information

• Go to the Pradhan Mantri Mudra Loan Yojana’s official website and choose the Contact Us option.

• Now, a new section will load in your browser with the following choices available. 

• You must click on the download button next to the item that corresponds to your needs.
• The contact data will appear on your screen as soon as you select the download option.

 

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