6 days ago
Banks sanction Rs 4,930 cr to 34,697 borrowers under Mudra Tarun Plus as of June 2025
Banks have sanctioned over
Rs 4,930 crore
to 34,697 loan accounts under the newly introduced 'Tarun Plus' category of
Mudra Yojana
as of June 2025.
With a view to incentivising successful borrowers under the
Pradhan Mantri MUDRA Yojana
(PMMY), a new category of Mudra Loans, namely 'Tarun Plus' was introduced in 2024-25 for those borrowers who have successfully repaid their Mudra loan under the Tarun Category, Finance Minister
Nirmala Sitharaman
said in a reply in the Rajya Sabha.
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Under 'Tarun Plus',
collateral-free loans
up to Rs 20 lakh are provided to such borrowers, she said.
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As per PMMY guidelines, 34,697 loan accounts amounting to more than Rs 4,930 crore, as on June 2025, have been sanctioned under this newly introduced category, she said in reply to a question by Congress MP Randeep Surjewala.
Banks, through their network, are actively reaching out to Mudra borrowers and reviewing the growth of the units through post-sanction inspections, analysis of stock statements, account transactions and renewal of credit limit, etc, she added.
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In reply to another question, Sitharaman said a National Mission on
Financial Inclusion
(NMFI), namely,
Pradhan Mantri Jan Dhan Yojana
(PMJDY), was launched in August 2014 to provide universal
banking services
for every unbanked household, based on the guiding principles of banking the unbanked, securing the unsecured, and funding the unfunded.
To give impetus to financial inclusion initiatives of the government, she said, PMJDY was extended beyond August 14, 2018, by making the scheme more attractive.
Banks regularly conduct financial literacy camps in villages, rural and remote areas to educate customers about benefits available on RuPay Debit Card, Direct Benefit Transfer (DBT) withdrawals using RuPay Debit cards and safe digital payments instead of cash transactions, she said.
Business Correspondents (BCs) are trained to help customers use RuPay Debit cards at micro-ATMs, she said.
Further, she said, Banks communicate to customers regularly through SMS/email for nudging them to use their RuPay Debit cards at Point of Sale (PoS) & e-Commerce Channel.
With the purpose of improving the implementation of PMJDY, Scheduled Commercial Banks, including Private Sector Banks, have been conducting regular awareness camps at the grassroots level to promote PMJDY, she said.
Additionally, a review mechanism is in place to regularly monitor the implementation and effectiveness of the scheme with banks and other relevant stakeholders, she added.
