Total NPA under MUDRA loans Rs 11000 crore in 2017-2018
RBI cautions government over NPA spike in MUDRA loans
The Reserve Bank of India (RBI) has raised a red-flag on the spike in non-performing assets (NPAs) under the government's flagship scheme to support micro enterprises in the country -- the Pradhan Mantri Mudra Yojana.
According to Finance Ministry sources, RBI has cautioned the ministry that the scheme might turn-out to be the next big source of NPAs, which have plagued the banking system.
The central bank has flagged that bad loans under PMMY have risen to Rs 11,000 crore.
As per the annual report of PMMY, 2017-18, total disbursements under the scheme stood at Rs 2.46 trillion in FY 18.
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