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Chhattisgarh Disburses 1800 crores for MUDRA

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The Chhattisgarh government has disbursed Rs 1, 821-crore loans to several beneficiaries under the Pradhan Mantri MUDRA (Micro Units Development and Refinance Agency) Yojana (PMMY)

MUDRA Yojana

  • The scheme was launched in April 2015 and was aimed to provide funding to the non-corporate, small business sectorMUDRA
  • Under PMMY, loans between Rs 50,000 and Rs 10 lakh are provided to small entrepreneurs
  • Three products are available under the PMMY that include Shishu, Kishor and Tarun
  • Shishu covers loans of up to Rs 50,000
  • Kishor covers above Rs 50,000 and up to Rs 5 lakh.
  • Tarun category provides loans of above Rs 5 lakh and up to Rs 10 lakh

Flash points

  • The Chhattisgarh state government had designed a grass-root level planning to promote the Micro, Small and Medium Enterprises (MSME) for facilitating investment in the sector
  • The Department of Commerce and Industry planned to organise workshop in each district in which public representatives were invited
  • The first phase of the programme covered six of the 27 districts
  • The banks disbursed Rs 50 crore to the beneficiaries
  • In Chhattisgarh 4,83,792 applicationswere received for seeking loans under the scheme

Points to Know

  • Chhattisgarh CM- Raman Singh