FinMin to fix targets under PMMY scheme for FY26 this month

The Ministry of Finance will most likely direct the target under Pradhan Mantri Mudra Yojana in the coming week and it is expected to take the same level at the same level of Rs 5 Lakh Crore – Rs 6 Lakh Crore. About 5 Crore loans are expected to be expected.

He started on April 8, 2015, a flagship scheme aims to provide free institutional credit loan to 20 lakh to micro and small businesses through Member Loan Institutions (MLIS). Pradhan Mantri Mudra Yojana (PMMY) scheme that has now completed a decade, sanctions on more than 52.37 Crore loans that make up Rs. 33.65 lakh Krhor.

About 20% of loans were given to new entrepreneurs and accounts. Significantly, 68% of loans were given to women’s entrepreneurs, and 50% went to SC / ST / OBC borrowers.

In a conversation with journalists on Monday, Secretary of the Faculty of Financial Service said that the average loan amount increased to 1.05 lakh Rs in 2015. He also stressed that the assets under the scheme remain at a low 3.6%, in the last 10 years of banks in public sector. NPAs under the inclusive, scheme of all credit institutions are even lower than 2.2%.

“According to the scheme, bad loans have been declining over the years,” he said. According to the data, the gross CIS for which is provided for in April-December 2025, 2.21%, for 2.1% of FY24. Before that, the gross NPAs in FY23 amounted to 2.58% at FY22 – 3.6% in FY21.

Credits under the scheme are available through four credit categories, including Shishu (loans up to 50,000 AMD), quateral (loans 50,000 AMD 5 lakhs and 10 lakhs and 10 lakh spray) and Tarun Plu.

According to official data, the official term of loans of the category of Shishu and Tari Category has increased over the past 10 years. In case of bottle loans, the average ticket size increased from Rs25 of Rs25 from FY16 19,411. Similarly, in the case of Tarun loans, the average ticket size in FY25 increased by 8,46,313 rubles 7,67,555 rubles in FY16.