The Chhattisgarh government has disbursed Rs 1, 821-crore loans to several beneficiaries under the Pradhan Mantri MUDRA (Micro Units Development and Refinance Agency) Yojana (PMMY).

• The banks disbursed Rs 1821.50 crore to the beneficaries encouraging the young entrepreneurs to avail the benefits of the ambitious programme.
• The scheme was launched in April 2015 and was aimed to provide funding to the non-corporate, small business sector.
• According to officials, the scheme had been receiving good response in the state as youths were taking keen interest to avail the benefits.
• Under PMMY, loans between Rs 50,000 and Rs 10 lakh are provided to small entrepreneurs.
• Three products are available under the PMMY that include Shishu, Kishor and Tarun.
• The categories signify the stage of growth and funding needs of the beneficiary micro unit or entrepreneur.
• Shishu covers loans of up to Rs 50,000 while Kishor covers above Rs 50,000 and up to Rs 5 lakh. Tarun category provides loans of above Rs 5 lakh and up to Rs 10 lakh.
• The state government had designed a grass-root level planning to promote the Micro, Small and Medium Enterprises (MSME) for facilitating investment in the sector.
• Under the strategy designed, the department of commerce and industry had planned to organise workshop in each district in which public representatives have also been invited.
• The first phase of the programme covering six of the 27 districts in the state was near completion.