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The Southern India Mills’ Association

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MUDRA: Rs. 1 lakh cr. more has to be lent

With less than one month left in the current fiscal, banks will have to work overtime to meet the MUDRA loan lending target of Rs. 3 lakh crore, as only about Rs. 2 lakh crore has been disbursed till February 22.
As on February 22, the total loans disbursed under the Micro Units Development and Refinance Agency Ltd. (MUDRA) scheme stood at Rs. 2,02,668.9 crore versus the sanctioned amount of Rs. 2,10,759.51 crore, said government data. Data from the Finance Ministry said more than 3.89 crore MUDRA loans have been sanctioned so far this fiscal.