SBI Chief Sh. Rajnish Kumar
The Pradhan Mantri Mudra Yojana (PMMY) has been beneficiary to entrepreneurs, with the scheme using technology and aggregator model to avail the loans, said Rajnish Kumar, Chairman, State Bank of India, on Tuesday.
On the completion of three years of the monetary scheme launched by the National Democratic Alliance (NDA) government, Rs 28,500 crore worth of loans has been disbursed last year, accommodating a variety of activities, Kumar said.
The SBI chairman said that 5.2% of the loans given under the PMMY scheme have turned into non-performing assets (NPA) for the bank, further adding that,