Pradhan Mantri Mudra Yojana, popularly known as the Mudra scheme has been very popular in Karnataka and the state is top in disbursal of loans under the said scheme. As of September 18, the State disbursed ₹6,906.12 crore during the current fiscal year.
The highest number of beneficiaries are from Belagavi district (77,989), says the Hindu.
Various nationalised banks in the State have disbursed loans to 9,75,873 beneficiaries. The bankers have been told to take appropriate steps to boost the flow of credit under the Mudra scheme.
Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs. The borrower can approach any of the lending institutions mentioned above or can apply online through this portal www.udyamimitra.in . Under the aegis of PMMY, MUDRA has created three products namely ‘Shishu’, ‘Kishore’ and ‘Tarun’ to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth.