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STAFF REPORTER
GUWAHATI: MUDRA Loan – Pradhan Mantri MUDRA Yojana (PMMY) – is alluring unemployed people in the State. However, the loan scheme is still to cover a wider section of target beneficiaries in the State.
Micro Units Development and Refinance Agency Ltd. (MUDRA) is a new institution set up by Government of India to provide funding to the non-corporate, non-farm sector income generating activities of micro and small enterprises whose credit needs are below Rs 10 lakh.
Launched in 2015, as many as 60,44,434 accounts have been opened in Assam till July 2019 under the loan scheme. According to information made available by the State Finance Department, while 4,27,272 accounts under MUDRA Loan were opened in 2015-16; 12,55,754 accounts were opened in 2016-17; 17,13,004 accounts in 2017-18; 24,22,968 accounts in 2018-19 and 2,25,436 accounts were opened till July in 2019-20. According to the department, Rs 23937.91 crore has been disbursed under the loan scheme against the sanctioned loan amount of Rs 24417.62 crore till July 2019.
Even as Assam is much ahead of the other States in the Northeast in the coverage under MUDRA Loan, the State continues to lag behind most of the States in rest of the country. MUDRA loans are being extended through banks, non-banking finance companies (NBFCs) and micro-finance institutions (MFIs) in three different categories – Shishu up to Rs 50,000; Kishore from Rs 51,000 to Rs 5 lakh and Tarun from Rs 5 lakh to Rs 10 lakh. The loan has provisions for benefiting all categories of males and females mentioned so as to make them self-dependent or making their existing business establishments flourish.
It seems that if the State government carries out an awareness drive on MUDRA Loan among the three categories of target beneficiaries, the scheme has enough scope in the State to keep pace with States in the rest of India.