I would now like to apply for the bigger Tarun loan to add a copier facility and internet cafe,’’ says N Prameela. Cumulative data show that Mudra loans exceeding ₹30 lakh crore have been disbursed since the the scheme’s launch in 2015. The public-sector banks have a lion’s share of Mudra loans, with State Bank of India (SBI), Punjab National Bank, and Canara Bank leading in disbursements. Grassroots impactThe growth in Mudra loans is driven by a range of factors. There is a huge market for small loans to the underserved segments, which needs to be tapped.

Source: The Hindu July 28, 2024 17:25 UTC