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Government decides to organise Mega credit camps across the country between 25th September, 2015 and 2nd October, 2015
August, 26th 2015
                        PRESS INFORMATION BUREAU
                           GOVERNMENT OF INDIA
                                  *******


GOVERNMENT DECIDES TO ORGANISE MEGA CREDIT CAMPS ACROSS THE
COUNTRY BETWEEN 25TH SEPTEMBER, 2015 AND 2ND OCTOBER, 2015 FOR
PRADHAN MANTRI MUDRA YOJANA (PMMY) LOANS SO THAT MAXIMUM
NUMBER OF BORROWERS COULD GET CREDIT AS PER THEIR
REQUIREMENT;    BANKING   SECTOR    ALLOCATED    AN    OVERALL
DISBURSEMENT TARGET OF RS. 1,22,188 CRORE DURING 2015-16; THEY
HAVE ALREADY DISBURSED RS.15,566 CRORE AS ON 17.8.2015 TO MORE
THAN 20 LAKH BORROWERS IN THE COUNTRY

                                                     New Delhi, August 24, 2015
                                                           Bhadrapada 2, 1937

                        The Banking sector has been allocated an overall
disbursement target of Rs. 1,22,188 crore during 2015-16 for MUDRA loans and the
banks have already disbursed Rs.15,566 crore as on 17.8.2015 to more than 20 lakh
borrowers under Pradhan Mantri MUDRA Yojana (PMMY) in the country. Banks are
making best possible efforts to popularise the scheme. Awareness camps are also
being organised at various locations by the Banks.






       Besides it, it has been decided to organise Mega credit camps across the
country between 25th September, 2015 and 2nd October, 2015 for PMMY Loans so
that maximum number of borrowers could get credit as per their requirement under
three categories of loans. The main emphasis of the camps would be to disburse
loans under `SHISHU' category. These MUDRA loans have been divided into three
categories viz. `Shishu' for loans upto Rs. 50,000, `Kishore' for loans above
Rs.50,000 and upto Rs. 5 lakhs and `Tarun' for loans abo ve Rs. 5.0 lakhs and upto
Rs. 10.0 lakhs. In lending, priority will be given to SCs/STs enterprises.







        Earlier the Government of India had launched Micro Units Development and
Refinance Agency (MUDRA) and Pradhan Mantri MUDRA Yojana (PMMY) on 8th
April, 2015 for funding around 5.77 crore unfunded micro units/segments operating
in the country. 62% of these units are owned by SCs/STs/OBCs.


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