Rs. 52,499.82 crore disbursed in the last three financial years

Tamil Nadu is the biggest recipient of loans to small and micro enterprises under the Pradhan Mantri Mudra Yojana (PMMY), according to data presented in the Rajya Sabha recently on March 27 by Shiv Pratap Shukla, Minister of State for Finance.

As on March 16, 2018, in the last three financial years, a total of Rs. 52,499.82 crore has been disbursed in the State, according to the data.

Tamil Nadu is home to large number of micro, small and medium enterprises (MSME).

According to data from State government, there are 17.2 lakh registered MSME units in Tamil Nadu.

According to the data presented in Parliament, since the launch of the PMMY, Rs. 15,496.86 crore has been disbursed in Financial Year (FY) 2015-16, Rs. 17,756.39 crore was disbursed in FY 2016-17 and Rs. 19,246.6 crore has been disbursed so far in FY 2017-18, in Tamil Nadu.

As of March 16, 2018, there were about 48.61 lakh accounts in Tamil Nadu under the PMMY scheme as per the data.

Overall, over 11.65 crore loans amounting to over Rs. 5.26 lakh crore have been sanctioned since the inception of the scheme, according to the data.

Karnataka stands second

Karnataka had the second highest disbursement at Rs. 51,591.65 crore, followed by Maharashtra at Rs. 48,811.16 crore, Uttar Pradesh at Rs. 44,560.6 crore and West Bengal at Rs. 41,127.41 crore, which accounts for the top five States under the scheme.

The Finance Ministry also said that as on March 16, 2018, loans amounting to more than Rs. 3.67 lakh crore have been disbursed by Scheduled Commercial Banks (SCBs) under the PMMY since its inception. Public sector banks (PSBs) accounted for 55% of the disbursements.

Overall, 14.34 lakh accounts have turned into Non Performing Assets (NPAs) since the inception of the scheme, according to information reported by banks and other lending institutions as on March 29, 2017, according to the Finance Ministry.