Question
Under PMMY, how many loans were extended to first-time
entrepreneurs, and what was the total amount disbursed to them?Solution
As per Government of India data on PMMY, nearly one-fifth (i.e., 12.15 crore loans) of all the loans were extended to first-time entrepreneurs, amounting to Rs 12 lakh crore, which represents a 30.09% share of the total disbursed amount. The scheme was designed to empower grassroots entrepreneurs across India.
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