Pradhan Mantri Mudra Yojana Eligibility Criteria And Other Information
| Pradhan Mantri Mudra Yojana Eligibility Criteria And Other Information
Pradhan Mantri Mudra Yojana Micro Units Development and Refinance Agency Ltd. [MUDRA] is an NBFC supporting development of micro enterprise sector in the country. MUDRA provides refinance support to Banks / MFIs for lending to micro units having loan requirement upto 10 lakh. MUDRA provides refinance to micro business under the Scheme of Pradhan Mantri MUDRA Yojana.
New BPL List Gujarat- 2022:
Announcing the launch of the reconstituted Anna Bhagya Yojana here on Friday, Chief Minister Siddaramaiah said that the process of receiving online applications for BPL and APL cards had been temporarily postponed. He said BPLs from unqualified families. Strict action will be taken to withdraw the cards. 1.07 crore families in the state have already received BPL cards.
Eligibility Criteria: Pradhan Mantri Mudra Yojana
ELIGIBILITY CRITERIA FOR PARTNER INSTITUTIONS
Micro Units Development and Refinance Agency (MUDRA) has adopted the eligibility norms in respect of various category of Banks for the partner lending institutions for the purpose of availing refinance to micro units in manufacturing, trading and service sector in rural and urban areas.
I. SCHEDULED COMMERCIAL BANKS
- A. Public Sector Banks
- Should have earned profit during the last 2 years failing which minimum external rating of long term instruments not below A-(minus) from accredited credit rating agencies.
- Level of Net NPAs not exceeding 15%.
- CRAR as stipulated by RBI from time to time.
- Net worth above Rs.250 crore.
B. Private Sector Banks
- Should have earned profit during the last 2 years failing which minimum external rating of long term instruments not below A-(minus) from accredited credit rating agencies.
- Level of Net NPAs not exceeding 10%.
- CRAR as stipulated by RBI from time to time.
- Net worth above Rs.250 crore.
C. Regional Rural Banks
- Should have earned net profit for preceding two years.
- Level of Net NPAs equal to or less than 6%.
- CRAR as stipulated by RBI from time to time.
- Net Owned Fund above Rs.50 crore.
- D. Small Finance Banks
- Should have been granted final license by Reserve Bank of India (RBI) for carrying on Small Finance Bank business and have commenced operations of the Small Finance Bank.
- SFB/previous entity prior to conversion into SFB (taken together) should have earned profits during last 2 financial yearsShould have sizeable outstanding portfolio (> `500 crore) comprising advances to micro/small enterprises in respect of income generation in manufacturing, services, trading or activities allied to agriculture /other activities approved/to be approved under PMMY loans from time to time.
- Should have strong fundamentals based on last audited balance sheet .
- CRAR as stipulated by RBI from time to time.
- Net worth greater than or equal to 100 crore.
- Gross NPA less than or equal to 5%
II. MICRO FINANCE INSTITUTIONS
- Should be a registered legal entity lending to micro units meeting the loan size criteria of MUDRA (which is presently loan size of Rs.1 lakh or as stipulated by RBI from time to time) for atleast 3 years or the promoters /management should have an experience of atleast 10 years.
- Having a minimum outreach of 3000 existing borrowers.
- Should have received minimum capacity assessment rating as indicated below :
- Mfr-4 (equivalent to CRISIL) for TN, Kerala, Karnataka andPuducherry
- Mfr-4 (equivalent to CRISIL) for Tier-I and Tier-II MFIs and Mfr-5 for the Tier-III
- MFIs in other remaining states.
- Should have suitable systems, processes and procedures such as internal accounting, risk management, internal audit, MIS, cash management etc.
- Should target own account enterprises within micro units category i.e. business run by the owner.
- Meeting the minimum CRAR and other norms stipulated by RBI for MFIs registered as NBFC-MFIs and comply all the prevailing RBI guidelines, including pricing etc.
- Three years profitable track record, Recovery performance not less than 90%, Portfolio at Risk > 90 days below 5% (relaxable upto 7% on case to case basis) for MFIs.
Should be a member of credit bureaus as per RBI policy.
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