પ્રધાનમંત્રી મુદ્રા યોજના | Pradhan Mantri Mudra Yojana Eligibility Criteria And Other Information

Pradhan Mantri Mudra Yojana Pradhan Mantri Mudra Yojana (PMMY) provides loan facility up to 10 lakhs for non-corporate, non-agricultural, small/micro enterprises. The full name of Mudra Bank is Micro Units Development and Refinance Agency (Mudra) which was launched with the aim of promoting the youth of India and the functioning of small enterprises. Which has been started under Pradhan Mantri Mudra Yojana

Pradhan Mantri Mudra Yojana Micro Units Development and Refinance Agency Ltd. [MUDRA] is an NBFC supporting development of micro enterprise sector in the country. MUDRA provides refinance support to Banks / MFIs for lending to micro units having loan requirement upto 10 lakh. MUDRA provides refinance to micro business under the Scheme of Pradhan Mantri MUDRA Yojana. 

The other products are for development support to the sector. The bouquet of offerings of MUDRA is depicted below. The offerings are being targeted across the spectrum of beneficiary segments. Pradhan Mantri Mudra Yojana

At present, only sectors such as land, transport, community, social and personal services, food production, textiles are included under this scheme, going forward many other new sectors will be included in this, due to which there are very bright opportunities for new industries. Small traders, entrepreneurs will scale the heights of success by taking advantage of this scheme.

In the year 2015-16, 3.32 crore poor people have benefited through Mudra Yojana. We are going to double the budget for this scheme in the current year. Most of the beneficiaries of the Mudra scheme are women, Dalits and people from minority communities.

Pradhan Mantri Mudra Yojana | પ્રધાનમંત્રી મુદ્રા યોજના ની જરૂરિયાત શા માટે?

The scheme is divided into three main aspects:

An infant in which a loan of 50 thousand can be obtained.

Kishore in which you can get a loan ranging from 50 thousand to 5 lakh rupees.

Youth in which loans can be availed from 5 lakhs to 10 lakhs. Any Indian citizen who is involved in manufacturing, processing, business, service etc.

Those associated with different fields are described above

Eligibility Criteria: Pradhan Mantri Mudra Yojana

Table of Contents

ELIGIBILITY CRITERIA FOR PARTNER INSTITUTIONS

  • Micro Units Development and Refinance Agency (MUDRA) has adopted the eligibility norms in respect of various category of Banks for the partner lending institutions for the purpose of availing refinance to micro units in manufacturing, trading and service sector in rural and urban areas.

I. SCHEDULED COMMERCIAL BANKS

A. Public Sector Banks

  •  Should have earned profit during the last 2 years failing which minimum external rating of long term instruments not below A-(minus) from accredited credit rating agencies.
  •  Level of Net NPAs not exceeding 15%.
  •  CRAR as stipulated by RBI from time to time.
  •  Net worth above Rs.250 crore.

B. Private Sector Banks

  •  Should have earned profit during the last 2 years failing which minimum external rating of long term instruments not below A-(minus) from accredited credit rating agencies.
  •  Level of Net NPAs not exceeding 10%.
  •  CRAR as stipulated by RBI from time to time.
  •  Net worth above Rs.250 crore.

C. Regional Rural Banks

  •  Should have earned net profit for preceding two years.
  •  Level of Net NPAs equal to or less than 6%.
  •  CRAR as stipulated by RBI from time to time.
  •  Net Owned Fund above Rs.50 crore.

D. Small Finance Banks

  •  Should have been granted final license by Reserve Bank of India (RBI) for carrying on Small Finance Bank business and have commenced operations of the Small Finance Bank.
  •  SFB/previous entity prior to conversion into SFB (taken together) should have earned profits during last 2 financial years.
  •  Should have sizeable outstanding portfolio (> `500 crore) comprising advances to micro/small enterprises in respect of income generation in manufacturing, services, trading or activities allied to agriculture /other activities approved/to be approved under PMMY loans from time to time.
  •  Should have strong fundamentals based on last audited balance sheet .
  •  CRAR as stipulated by RBI from time to time.
  •  Net worth greater than or equal to 100 crore.
  •  Gross NPA less than or equal to 5%.

II. MICRO FINANCE INSTITUTIONS

  •  Should be a registered legal entity lending to micro units meeting the loan size criteria of MUDRA (which is presently loan size of Rs.1 lakh or as stipulated by RBI from time to time) for atleast 3 years or the promoters /management should have an experience of atleast 10 years.
  •  Having a minimum outreach of 3000 existing borrowers.
  •  Should have received minimum capacity assessment rating as indicated below :
  • Mfr-4 (equivalent to CRISIL) for TN, Kerala, Karnataka andPuducherry
  • Mfr-4 (equivalent to CRISIL) for Tier-I and Tier-II MFIs and Mfr-5 for the Tier-III
  • MFIs in other remaining states.
  •  Should have suitable systems, processes and procedures such as internal accounting, risk management, internal audit, MIS, cash management etc.
  •  Should target own account enterprises within micro units category i.e. business run by the owner.
  •  Meeting the minimum CRAR and other norms stipulated by RBI for MFIs registered as NBFC-MFIs and comply all the prevailing RBI guidelines, including pricing etc.
  •  Three years profitable track record, Recovery performance not less than 90%, Portfolio at Risk > 90 days below 5% (relaxable upto 7% on case to case basis) for MFIs.
  •  Should be a member of credit bureaus as per RBI policy.
  •  Has a minimum term loan/refinance requirement of Rs.0.50 crore.
  •  Targets the poor, especially women and is secular.
  •  Has audited financial statements (in case of NGO with microfinance as a programme, the NGO should have separate audited financial statements for the MFI programme) and
  •  For NBFCs or any other MFI set up for/by taking over the existing MF operations of another entity, track record of the earlier entity can be considered for existence, past ratings etc., guidelines relating to value of FDRs to be placed as security etc. subject to continuity of promoters/senior management/transfer of major (> 60%) part of the MF operations of the earlier entity.
  •  MUDRA’s loan to be on lent by MFIs for use by borrowers in; setting up/running nonfarm income generating activities and micro/small enterprises including trading activities/services.

Important Links: Pradhan Mantri Mudra Yojana

Updated: November 5, 2022 — 5:39 pm

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