NPAs Under Mudra scheme surge by 53% in first 9 months of current fiscal

Bad loans or Non-Performing Assets(NPA) under the Pradhan Mantri Mudra Yojana (PMMY) has surged in the first nine months of the current fiscal, compared to the NPA in the previous fiscal. As per data available, NPA in the current fiscal has surged by almost 53% to ₹14,930.98 crore compared with ₹9,769.99 crore in the previous fiscal.

The total number of NPA under Mudra stood at 28.83 lakh on 31 December 2018 as compared to ₹17.99 lakh as on March 31 2018.

In the fiscal year 2017-18, total loans disbursed under Mudra scheme stood at 2.46 lakh crore and the NPA ratio( the ratio of bad loans and total loans disbursed) remained close 3.96%. During the first 9 months of current fiscal the disbursal stood at 2.12 lakh crore. This alludes that NPA has surged this year as absolute amount of NPAs has increased sharply while the disbursements are was lower.

Also, the NPA ratio of commercial banks was at 11.6% in the FY 2017-18, which index that it may be quite early to comment on the NPAs under Mudra.

The Mudra Scheme is the flagship scheme of BJP government launched by PM Narendra Modi on 8th April, 2018.The scheme was launched with an aim of lending up to ₹10 lakh to the non-corporate, non-farm small and micro enterprises. And the loans given under this scheme are called Mudra loans and are given under three categories- Shishu (up to ₹50,000), Kishore (from ₹50,001 to Rs 5 lakh), and Tarun (from ₹5,00,001 to ₹10 lakh). As per reports all the three categories are dented by the surge in bad loans.

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