₹5-6 lakh crore loans are generally sanctioned under the scheme in a year.
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Gross non performing assets (GNPA) under PM Mudra Yojana rose a tad to 2.21 per cent during 2024-25 against 2.1 per cent in 2023-24, data released by the Finance Ministry on Monday showed. Meanwhile, the new category of PM MUDRA Yojana (PMMY), ‘Tarun Plus’, got around 25,000 beneficiaries in the first four months, after its launch in October last.
Data show that GNPA surged to high of 3.61 per cent in 2020-21 but since then was on a decline till 2023-24. However, provisional data till December, 2024 registered GNPA of 2.21 per cent. Any loan, in which three successive monthly instalments are not repaid become non performing assets.
Meanwhile, the Ministry said that new category under PMMY has got good response. “As many as 24,557 new borrowers took loan under the ‘Tarun Plus’ category amounting to ₹3,790 crore in a short period of four months during FY25,” Financial Services Secretary M Nagaraju told reporters.
Tarun Plus
As announced in the July Budget, loan limit under the new category was doubled to ₹20 lakh for those entrepreneurs who have availed and successfully repaid previous loans under the ‘Tarun’ category. Following the Budget announcement, the Tarun Plus scheme was notified on October 25, 2024.
Nagaraju said ₹5-6 lakh crore loans are generally sanctioned under the scheme in a year. The scheme aims to provide collateral-free institutional credit of up to ₹20 lakh through member lending Institutions.
Since its inception, over 52.37 crore loans amounting to ₹33.65 lakh crore have been sanctioned, with approximately 20 per cent of the loans to new entrepreneurs or accounts, he said. Disbursement was around ₹32.87 lakh crore. Notably, he said, 68 per cent of the loans have been granted to women entrepreneurs and 50 per cent have gone to SC/ST/OBC borrowers.
The average loan size has gone up from ₹40,000 to ₹1.05 lakh, he said, adding that this is the biggest programme in the world with loans of this size. Average Gross NPA under the scheme has been increasingly declining. It has come down to 2.21 per cent in FY24.
Published on April 7, 2025
