Public Sector Banks’ MUDRA Loans Performance
• The Public Sector Banks (PSBs) and their Regional Rural Banks (RRBs) have achieved till date only 42% of the target for the disbursement of MUDRA loan in FY25.
• It was possible for the Bank of Baroda to pay out only 16% of annual MUDRA target within the first seven months of FY25.
• The largest PSB, State Bank of India has achieved 44% of its annual target.
• Canara Bank has touched 52% of its annual target.
• Union Bank of India has touched 57% of FY25.
• As of October 25, MUDRA loans of ₹ 28,511 crore amounting to 12.4% of the annual target for PSBs are still under process.
• The government increased the limit of MUDRA loans under Pradhan Mantri Mudra Yojana (PMMY) to ₹ 20 lakh from ₹ 10 lakh.
