Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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        LATEST NEWS UPDATES | NPAs Under Modi&#039;s Mudra Scheme Doubled in Just a Year, Reveals RTI -Dheeraj Mishra    </title>
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Public sector NPAs of loans issued under the scheme have increased by Rs 9,204.14 crore in just one year &ndash; from Rs 7,277.31 crore in March 2018 to Rs 16,481.45 crore in March 2019.

New Delhi: The non-performing assets (NPAs) under..."/>
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-TheWire.in

Public sector NPAs of loans issued under the scheme have increased by Rs 9,204.14 crore in just one year &ndash; from Rs 7,277.31 crore in March 2018 to Rs 16,481.45 crore in March 2019.

New Delhi: The non-performing assets (NPAs) under..." />
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    <h1 class="cat-box-title">NPAs Under Modi&#039;s Mudra Scheme Doubled in Just a Year, Reveals RTI -Dheeraj Mishra</h1>
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		 Published on</span><span class="text-date"> Jun 25, 2019</span>
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                            <div align="justify">-TheWire.in<br /><br /><em>Public sector NPAs of loans issued under the scheme have increased by Rs 9,204.14 crore in just one year &ndash; from Rs 7,277.31 crore in March 2018 to Rs 16,481.45 crore in March 2019.<br /><br />New Delhi: </em>The non-performing assets (NPAs) under Prime Minister Narendra Modi&rsquo;s ambitious Pradhan Mantri Mudra Yojana (PMMY) doubled within one year. This information was obtained through an RTI petition filed by The Wire.<br /><br />In a written reply to the Rajya Sabha given on February 12, minister of state for finance Shiv Pratap Shukla wrote that as of March 31, 2018, the total value of NPAs held by public sector banks under PMMY was Rs 7,277.31 crore.<br /><br />The RTI filed by The Wire reveals that as of March 31, 2019, the total value of NPAs from loans issued under the Micro Units Development and Refinance Agency Ltd. (MUDRA) stood at Rs 16,481.45 crore.<br /><br />This means that public sector NPAs of the loans issued under the Mudra scheme have increased by Rs 9,204.14 crore in just one year.<br /><br />Under the Mudra scheme, 30.57 lakh accounts have been declared as NPAs. According to an Indian Express report, as of March 31, 2018, the number of NPA accounts was 17.99 lakh. In just one year, the number of NPA accounts has increased by 12.58 lakh.<br /><br />Although the value of NPAs is not very high in comparison to the total value of all loans issued under the Mudra scheme, it is nonetheless steadily increasing.<br /><br />According to an IANS report published on January 13, the Reserve Bank of India had warned the finance ministry that the Mudra scheme could become a major contributor to NPAs.<br /><br />According to the data obtained from the RTI, loans amounting to Rs 3.11 lakh crore in total were issued between April 1, 2018 and March 31, 2019. That means that the value of NPAs amounts to 2.89% of the total value of all loans.<br /><br />According to an RBI circular, failure to pay 90 days after the last date for the payment of an installment leads to an account being declared as an NPA.<br /><br />Harshit Agrawal, assistant manager of Mudra Ltd., said, &ldquo;In case of national banks, this deadline is 90 days, while the deadline is 120 days for NBFCs and MFIs. These rules apply to all types of loans, Mudra or otherwise.&rdquo; <br /><br />Please <a href="https://thewire.in/economy/npa-modi-mudra-loan-scheme-doubled-rti" title="https://thewire.in/economy/npa-modi-mudra-loan-scheme-doubled-rti">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://thewire.in/economy/npa-modi-mudra-loan-scheme-doubled-rti" class="re" target="_blank">TheWire.in, 23 June, 2019, https://thewire.in/economy/npa-modi-mudra-loan-scheme-doubled-rti</a><div class="clear"></div>
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Public sector NPAs of loans issued under the scheme have increased by Rs 9,204.14 crore in just one year &ndash; from Rs 7,277.31 crore in March 2018 to Rs 16,481.45 crore in March 2019.

New Delhi: The non-performing assets (NPAs) under..."/>
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Public sector NPAs of loans issued under the scheme have increased by Rs 9,204.14 crore in just one year &ndash; from Rs 7,277.31 crore in March 2018 to Rs 16,481.45 crore in March 2019.

New Delhi: The non-performing assets (NPAs) under..." />
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    <h1 class="cat-box-title">NPAs Under Modi&#039;s Mudra Scheme Doubled in Just a Year, Reveals RTI -Dheeraj Mishra</h1>
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                            <div align="justify">-TheWire.in<br /><br /><em>Public sector NPAs of loans issued under the scheme have increased by Rs 9,204.14 crore in just one year &ndash; from Rs 7,277.31 crore in March 2018 to Rs 16,481.45 crore in March 2019.<br /><br />New Delhi: </em>The non-performing assets (NPAs) under Prime Minister Narendra Modi&rsquo;s ambitious Pradhan Mantri Mudra Yojana (PMMY) doubled within one year. This information was obtained through an RTI petition filed by The Wire.<br /><br />In a written reply to the Rajya Sabha given on February 12, minister of state for finance Shiv Pratap Shukla wrote that as of March 31, 2018, the total value of NPAs held by public sector banks under PMMY was Rs 7,277.31 crore.<br /><br />The RTI filed by The Wire reveals that as of March 31, 2019, the total value of NPAs from loans issued under the Micro Units Development and Refinance Agency Ltd. (MUDRA) stood at Rs 16,481.45 crore.<br /><br />This means that public sector NPAs of the loans issued under the Mudra scheme have increased by Rs 9,204.14 crore in just one year.<br /><br />Under the Mudra scheme, 30.57 lakh accounts have been declared as NPAs. According to an Indian Express report, as of March 31, 2018, the number of NPA accounts was 17.99 lakh. In just one year, the number of NPA accounts has increased by 12.58 lakh.<br /><br />Although the value of NPAs is not very high in comparison to the total value of all loans issued under the Mudra scheme, it is nonetheless steadily increasing.<br /><br />According to an IANS report published on January 13, the Reserve Bank of India had warned the finance ministry that the Mudra scheme could become a major contributor to NPAs.<br /><br />According to the data obtained from the RTI, loans amounting to Rs 3.11 lakh crore in total were issued between April 1, 2018 and March 31, 2019. That means that the value of NPAs amounts to 2.89% of the total value of all loans.<br /><br />According to an RBI circular, failure to pay 90 days after the last date for the payment of an installment leads to an account being declared as an NPA.<br /><br />Harshit Agrawal, assistant manager of Mudra Ltd., said, &ldquo;In case of national banks, this deadline is 90 days, while the deadline is 120 days for NBFCs and MFIs. These rules apply to all types of loans, Mudra or otherwise.&rdquo; <br /><br />Please <a href="https://thewire.in/economy/npa-modi-mudra-loan-scheme-doubled-rti" title="https://thewire.in/economy/npa-modi-mudra-loan-scheme-doubled-rti">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://thewire.in/economy/npa-modi-mudra-loan-scheme-doubled-rti" class="re" target="_blank">TheWire.in, 23 June, 2019, https://thewire.in/economy/npa-modi-mudra-loan-scheme-doubled-rti</a><div class="clear"></div>
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Public sector NPAs of loans issued under the scheme have increased by Rs 9,204.14 crore in just one year &ndash; from Rs 7,277.31 crore in March 2018 to Rs 16,481.45 crore in March 2019.

New Delhi: The non-performing assets (NPAs) under..."/>
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-TheWire.in

Public sector NPAs of loans issued under the scheme have increased by Rs 9,204.14 crore in just one year &ndash; from Rs 7,277.31 crore in March 2018 to Rs 16,481.45 crore in March 2019.

New Delhi: The non-performing assets (NPAs) under..." />
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                            <div align="justify">-TheWire.in<br /><br /><em>Public sector NPAs of loans issued under the scheme have increased by Rs 9,204.14 crore in just one year &ndash; from Rs 7,277.31 crore in March 2018 to Rs 16,481.45 crore in March 2019.<br /><br />New Delhi: </em>The non-performing assets (NPAs) under Prime Minister Narendra Modi&rsquo;s ambitious Pradhan Mantri Mudra Yojana (PMMY) doubled within one year. This information was obtained through an RTI petition filed by The Wire.<br /><br />In a written reply to the Rajya Sabha given on February 12, minister of state for finance Shiv Pratap Shukla wrote that as of March 31, 2018, the total value of NPAs held by public sector banks under PMMY was Rs 7,277.31 crore.<br /><br />The RTI filed by The Wire reveals that as of March 31, 2019, the total value of NPAs from loans issued under the Micro Units Development and Refinance Agency Ltd. (MUDRA) stood at Rs 16,481.45 crore.<br /><br />This means that public sector NPAs of the loans issued under the Mudra scheme have increased by Rs 9,204.14 crore in just one year.<br /><br />Under the Mudra scheme, 30.57 lakh accounts have been declared as NPAs. According to an Indian Express report, as of March 31, 2018, the number of NPA accounts was 17.99 lakh. In just one year, the number of NPA accounts has increased by 12.58 lakh.<br /><br />Although the value of NPAs is not very high in comparison to the total value of all loans issued under the Mudra scheme, it is nonetheless steadily increasing.<br /><br />According to an IANS report published on January 13, the Reserve Bank of India had warned the finance ministry that the Mudra scheme could become a major contributor to NPAs.<br /><br />According to the data obtained from the RTI, loans amounting to Rs 3.11 lakh crore in total were issued between April 1, 2018 and March 31, 2019. That means that the value of NPAs amounts to 2.89% of the total value of all loans.<br /><br />According to an RBI circular, failure to pay 90 days after the last date for the payment of an installment leads to an account being declared as an NPA.<br /><br />Harshit Agrawal, assistant manager of Mudra Ltd., said, &ldquo;In case of national banks, this deadline is 90 days, while the deadline is 120 days for NBFCs and MFIs. These rules apply to all types of loans, Mudra or otherwise.&rdquo; <br /><br />Please <a href="https://thewire.in/economy/npa-modi-mudra-loan-scheme-doubled-rti" title="https://thewire.in/economy/npa-modi-mudra-loan-scheme-doubled-rti">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://thewire.in/economy/npa-modi-mudra-loan-scheme-doubled-rti" class="re" target="_blank">TheWire.in, 23 June, 2019, https://thewire.in/economy/npa-modi-mudra-loan-scheme-doubled-rti</a><div class="clear"></div>
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Home हिन्दी

NPAs Under Modi's Mudra Scheme Doubled in Just a Year, Reveals RTI -Dheeraj Mishra

Published on Jun 25, 2019   Modified on Jun 25, 2019

-TheWire.in Public sector NPAs of loans issued under the scheme have increased by Rs 9,204.14 crore in just one year – from Rs 7,277.31 crore in March 2018 to Rs 16,481.45 crore in March 2019. New Delhi: The non-performing assets (NPAs) under Prime Minister Narendra Modi’s ambitious Pradhan Mantri Mudra Yojana (PMMY) doubled within one year. This information was obtained through an RTI petition filed by The Wire. In a written reply to the Rajya Sabha given on February 12, minister of state for finance Shiv Pratap Shukla wrote that as of March 31, 2018, the total value of NPAs held by public sector banks under PMMY was Rs 7,277.31 crore. The RTI filed by The Wire reveals that as of March 31, 2019, the total value of NPAs from loans issued under the Micro Units Development and Refinance Agency Ltd. (MUDRA) stood at Rs 16,481.45 crore. This means that public sector NPAs of the loans issued under the Mudra scheme have increased by Rs 9,204.14 crore in just one year. Under the Mudra scheme, 30.57 lakh accounts have been declared as NPAs. According to an Indian Express report, as of March 31, 2018, the number of NPA accounts was 17.99 lakh. In just one year, the number of NPA accounts has increased by 12.58 lakh. Although the value of NPAs is not very high in comparison to the total value of all loans issued under the Mudra scheme, it is nonetheless steadily increasing. According to an IANS report published on January 13, the Reserve Bank of India had warned the finance ministry that the Mudra scheme could become a major contributor to NPAs. According to the data obtained from the RTI, loans amounting to Rs 3.11 lakh crore in total were issued between April 1, 2018 and March 31, 2019. That means that the value of NPAs amounts to 2.89% of the total value of all loans. According to an RBI circular, failure to pay 90 days after the last date for the payment of an installment leads to an account being declared as an NPA. Harshit Agrawal, assistant manager of Mudra Ltd., said, “In case of national banks, this deadline is 90 days, while the deadline is 120 days for NBFCs and MFIs. These rules apply to all types of loans, Mudra or otherwise.” Please click here to read more.

TheWire.in, 23 June, 2019, https://thewire.in/economy/npa-modi-mudra-loan-scheme-doubled-rti

Tagged with: Non-Performing Assets Mudra loans MUDRA scheme Micro Units Development & Refinance Agency scheme Pradhan Mantri Mudra Yojana NPAs

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