Being a pet scheme of Prime Minister Narendra Modi, banks were asked to aggressively lend to small entrepreneurs, especially women and those belonging to backward castes.
As NPAs cross Rs 11,000 crore within three years of launch of the PMMY, government seeks to take stock.
The Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of the government to provide loans of up to Rs 10 lakh to small entrepreneurs.
Under the scheme, loans up to Rs 10 lakh are provided to small entrepreneurs to set up micro units.
Interacting with Mudra beneficiaries in May this year, Modi said the scheme had fulfilled people’s dreams of setting up small businesses and generate jobs for others.