Pradhan Mantri Mudra Yojana crosses target of Rs 1.8 lakh cr for 2016-17

New Delhi, April 13: Loans extended under the Pradhan Mantri Mudra Yojana (PMMY) during 2016-17 have crossed the target of Rs 1,80,000 crore for 2016-17.
Sanctions currently stand at Rs 1,80,087 crore with final data still awaited from some of the smaller non-banking lenders.
Of this amount, Rs 1,23,000 crore was lent by banks while non-banking institutions lent about Rs 57,000 crore.
Data compiled so far indicates that the number of borrowers this year were over 4 crore, of which over 70% were women borrowers.
About 20 per cent of the borrowers were from the Scheduled Caste Category, 5 per cent from the Scheduled Tribe Category, while Other Backward Classes accounted for almost 35 per cent of the borrowers.