NEW DELHI, March 17 -- Union Finance Minister Nirmala Sitharaman on Tuesday said Pradhan Mantri MUDRA Yojana has benefitted many small entrepreneurs and Rs 39.48 lakh crore has been sanctioned since launch of this scheme.
Under the MUDRA scheme, launched by Prime Minister Narendra Modi on April 8, 2015, the total NPAs (non-performing assets) are at around 2 per cent of the total loans.
In reply to supplementary queries during Question Hour in the Rajya Sabha, Sitharaman noted that PM-MUDRA is one of the very popular schemes and it has benefitted a lot of small-time entrepreneurs.
".Rs 39.48 lakh crore have been sanctioned since the launch of the scheme. So this is one of the biggest bank lending schemes, which has reached people who have...