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The Micro Units Development and Refinance (MUDRA) Bank will step up monitoring of loans extended to micro, small and medium enterprises (MSMEs), according to its Chief Executive Officer, Jiji Mammen.
A new module to capture district-wise loan disbursement and other aspects will be added to the MUDRA portal shortly, Mammen told newspersons on the sidelines of a seminar on microfinance here on Monday.
Last year, total disbursement was around ₹1.33-lakh crore, surpassing the target of ₹1.22-lakh crore.
This year’s target has been pegged at ₹1.80-lakh crore, of which around ₹25,000 crore has already been disbursed in the first quarter, he said. MUDRA offers three categories of loans: Shishu (covering loans up to ₹50,000); Kishor (loans above ₹50,000 and up to ₹5 lakh); and Tarun (above ₹5 lakh and up to ₹10 lakh).
Since its launch in April 2015, total loan disbursement under the scheme, which was originally launched as Pradhan Mantri Mudra Yojana (PMMY), has been over ₹1.45-lakh crore.
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