2023-24 Mudra loan NPAs declined to 3.4%, a significant improvement from 3.76% in 2018-19.

Finance Minister Nirmala Sitharaman reported that non-performing assets (NPAs) associated with Mudra loans declined to 3.4% in the 2023-24 fiscal year, marking a significant improvement from previous years. NPAs for public sector banks on Mudra loans dropped from 3.76% in 2018-19. Launched in 2015, the Mudra loan scheme aims to support micro and small enterprises.

August 05, 2024
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