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Assignment on evaluation of

Pradhan Mantri Jan-Dhan Yojana


Or
Pradhan Mantri Mudra Yojana
Or
Pradhan Mantri Bima Surksha Yojana

Prepared by
Prakash Kumar
Introduction
Pradhan Mantri Jan Dhan Yojana (PMJDY), is financial inclusion program of Government of
India that aims to expand and make affordable access to financial services such as bank accounts,
remittances, credit, insurance and pensions. This financial inclusion campaign was launched by
the Prime Minister of India Narendra Modi on 15 August 2014.[1] He had announced this scheme
on his first Independence Day speech on 15 August 2014.

Objective
Objective of "Pradhan Mantri Jan-Dhan Yojana (PMJDY)" is ensuring access to various
financial services like availability of basic savings bank account, access to need based credit,
remittances facility, insurance and pension to the excluded sections i.e. weaker sections & low
income groups. This deep penetration at affordable cost is possible only with effective use of
technology.
PMJDY is a National Mission on Financial Inclusion encompassing an integrated approach to
bring about comprehensive financial inclusion of all the households in the country. The plan
envisages universal access to banking facilities with at least one basic banking account for every
household, financial literacy, access to credit, insurance and pension facility. In addition, the
beneficiaries would get Rupay Debit card having inbuilt accident insurance cover of र 1 lakh. The
plan also envisages channeling all Government benefits (from Centre / State / Local Body) to the
beneficiary’s accounts and pushing the Direct Benefits Transfer (DBT) scheme of the Union
Government. The technological issues like poor connectivity, on-line transactions will be
addressed. Mobile transactions through telecom operators and their established centres as Cash
Out Points are also planned to be used for Financial Inclusion under the Scheme. Also an effort is
being made to reach out to the youth of this country to participate in this Mission Mode
Programme.

Scheme Details
Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure
access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit,
Insurance, Pension in an affordable manner.

Account can be opened in any bank branch or Business Correspondent (Bank Mitr) outlet.
Accounts opened under PMJDY are being opened with Zero balance. However, if the account-
holder wishes to get cheque book, he/she will have to fulfill minimum balance criteria.
Document required to open an account under Pradhan Mantri Jan-Dhan
Yojana
An account can be opened by presenting an officially valid document.

1. The passport,
2. The driving license
3. The Permanent Account Number (PAN) Card,
4. The Voter’s Identity Card issued by Election Commission of India,
5. Job card issued by NREGA duly signed by an officer of the State Government,
6. The letter issued by the Unique Identification Authority of India containing details of name,
address and Aadhaar number, or
7. any other document as notified by the Central Government in consultation with the
Regulator:
Provided that where simplified measures are applied for verifying the identity of the clients
the following documents shall be deemed to be officially valid documents:—

a) Identity card with applicant's Photograph issued by Central/State Government


Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled
Commercial Banks, and Public Financial Institutions;
b) Letter issued by a Gazetted officer, with a duly attested photograph of the person.

Reserve Bank of India (RBI), vide its Press Release dated 26.08.2014, has further clarified that
those persons who do not have any of the ‘officially valid documents’ can open “Small Accounts”
with banks. A “Small Account” can be opened on the basis of a self-attested photograph and
putting his/her signatures or thumb print in the presence of officials of the bank. Such accounts
have limitations regarding the aggregate credits (not more than Rupees one lakh in a year),
aggregate withdrawals (nor more than Rupees ten thousand in a month) and balance in the accounts
(not more than Rupees fifty thousand at any point of time). These accounts would be valid
normally for a period of twelve months. Thereafter, such accounts would be allowed to continue
for a further period of twelve more months, if the account-holder provides a document showing
that he/she has applied for any of the Officially Valid Document, within 12 months of opening the
small account.
Special Benefits under PMJDY Scheme

1. Interest on deposit.
2. Accidental insurance cover of Rs. 1.00 lac
3. No minimum balance required.
4. The scheme provide life cover of Rs. 30,000/- payable on death of the beneficiary, subject
to fulfillment of the eligibility condition.
5. Easy Transfer of money across India
6. Beneficiaries of Government Schemes will get Direct Benefit Transfer in these accounts.
7. After satisfactory operation of the account for 6 months, an overdraft facility will be
permitted
8. Access to Pension, insurance products.
9. The Claim under Personal Accidental Insurance under PMJDY shall be payable if the
Rupay Card holder have performed minimum one successful financial or non-financial
customer induced transaction at any Bank Branch, Bank Mitra, ATM, POS, E-COM etc.
Channel both Intra and Inter-bank i.e. on-us (Bank Customer/rupay card holder transacting
at same Bank channels) and off-us (Bank Customer/Rupay card holder transacting at other
Bank Channels) within 90 days prior to date of accident including accident date will be
included as eligible transactions under the Rupay Insurance Program 2016-2017.
10. Overdraft facility up to Rs.5000/- is available in only one account per household, preferably
lady of the household.

Mission PMJDY Administrative Structure

Headed by Name Role


Finance Minister Sh. Arun Jaitley Mission Head
Secretary (FS) Sh. Rajiv Kumar Mission In charge
Joint Secretary (FI) Sh. Bhushan Kumar Sinha Mission Director
Director (FI) Sh. Ashok Kumar Singh Director (FI)
Pradhan Mantri Jan-Dhan Yojana statistics as on 29 August 2018 (All figures
in crores)

Number of Number of
Number of
Beneficiaries at Beneficiaries at No Of Rural- Number of Deposits in
Bank Name / Rupay Debit
rural/semi urban urban metro Urban Female Total Accounts(In
Type Cards issued to
centre bank centre bank Beneficiaries Beneficiaries Crore)
beneficiaries
branches branches
Public Sector
14.23 12.18 14.03 26.41 65670.03 19.97
Banks
Regional
4.50 0.83 2.93 5.33 17043.07 3.72
Rural Banks
Private Sector
0.61 0.40 0.53 1.00 2195.11 0.93
Banks
Grand Total 19.34 13.41 17.49 32.75 84908.21 24.62
Source of www.pmjy.gov.in

32.75 Crore beneficiaries banked so far


₹84,908.21 Crore Balance in
beneficiary accounts

PMJDY Figures in Crores

100000 84908.21
80000 65670.03
60000
40000
17043.07
20000 14.234.50.61
19.34 12.18
0.830.413.41 14.03
2.930.53
17.49 26.41
5.33 132.75 2195.11 19.97 24.62
3.720.93
0
Number of Number of No Of Rural- Number of Deposits in Number of
Beneficiaries at Beneficiaries at Urban Female Total Accounts(In Rupay Debit
rural/semi urban metro Beneficiaries Beneficiaries Crore) Cards issued to
urban centre centre bank beneficiaries
bank branches branches

Public Sector Banks Regional Rural Banks Private Sector Banks Grand Total
Statewise Report of Account Open till 28 August, 2018

Beneficiaries at Beneficiaries at Balance in


No. of Rupay
rural/semi- urban/metro Total beneficiary
S.No State Name cards issued to
urban centre centre bank Beneficiaries accounts (in
beneficiaries
bank branches branches crore)
Andaman &
1 nicobar islands 37,926 16,295 54,221 24.26 42,058
Andhra
2 Pradesh 4,519,499 4,585,695 9,105,194 1,582.72 7,636,940
Arunachal
3 Pradesh 153,502 100,736 254,238 86.89 197,675
4 Assam 10,198,716 3,143,164 13,341,880 5,686.34 10,215,754
5 Bihar 22,726,488 13,297,757 36,024,245 8,206.63 25,472,804
6 Chandigarh 39,416 211,392 250,808 90.97 195,769
7 Chhattisgarh 8,631,065 4,751,216 13,382,281 2,494.48 9,101,258
Dadra & nagar
8 haveli 63,433 16,634 80,067 30.61 55,983
9 Daman & diu 21,215 25,091 46,306 17.01 36,028
10 Delhi 488,644 3,657,419 4,146,063 1,547.36 3,408,269
11 Goa 105,652 46,565 152,217 84.1 123,576
12 Gujarat 6,567,978 5,905,402 12,473,380 3,501.07 10,261,556
13 Haryana 3,438,987 3,207,842 6,646,829 2,519.39 5,752,990
Himachal
14 Pradesh 881,222 139,970 1,021,192 492.96 831,163
Jammu &
15 Kashmir 1,706,267 307,382 2,013,649 796.39 1,522,364
16 Jharkhand 8,406,406 3,253,013 11,659,419 2,739.09 8,472,185
17 Karnataka 6,751,287 5,145,600 11,896,887 2,788.31 9,452,701
18 Kerala 1,611,768 1,979,594 3,591,362 1,023.85 2,454,155
19 Lakshadweep 4,507 819 5,326 7.5 4,723
Madhya
20 Pradesh 13,924,120 14,814,253 28,738,373 4,216.09 20,169,842
21 Maharashtra 11,176,334 11,672,415 22,848,749 4,754.72 16,202,475
22 Manipur 381,181 448,863 830,044 187.82 655,505
23 Meghalaya 368,573 71,034 439,607 207.56 253,102
24 Mizoram 110,127 180,922 291,049 68.61 78,757
25 Nagaland 103,156 119,088 222,244 44.34 178,597
26 Odisha 9,340,963 3,526,195 12,867,158 3,697.88 9,842,288
27 Puducherry 62,771 87,755 150,526 32.54 111,912
28 Punjab 3,479,998 2,722,065 6,202,063 2,122.58 5,175,120
29 Rajasthan 15,141,529 10,151,652 25,293,181 6,056.92 17,645,201
30 Sikkim 68,881 23,097 91,978 31.34 75,625
31 Tamil nadu 4,200,198 4,921,874 9,122,072 1,515.57 7,582,544
32 Telangana 4,629,660 4,419,084 9,048,744 1,350.18 7,533,052
33 Tripura 605,173 239,352 844,525 651.84 649,940
34 Uttar Pradesh 30,532,920 20,204,722 50,737,642 14,294.19 39,663,682
35 Uttarakhand 1,421,754 852,531 2,274,285 946.39 1,889,092
36 West Bengal 21,515,378 9,816,137 31,331,515 11,009.70 23,245,147
37 Total 193,416,694 134,062,625 327,479,319 84,908.21 246,189,832
Number of
Number of Number of
Beneficiaries at Number of Deposits in
Beneficiaries at Rupay Debit
Bank Name / Type rural/semi urban Total Accounts(In
urban metro centre Cards issued
centre bank Beneficiaries lac)
bank branches to beneficiaries
branches

Allahabad Bank 6941514 2545073 9486587 261424.46 6074875

Andhra Bank 1542657 892013 2434670 34980.79 1812482

Bank of Baroda 10243727 17015954 27259681 749378.17 25112051

Bank of India 9784141 10680194 20464335 485089.50 18614657


Bank of
4091018 1198950 5289968 118642.91 1129021
Maharashtra
Canara Bank 4768400 2155699 6924099 212368.50 4248424

Central Bank of
10002041 2257561 12259602 250600.29 11408659
India

Corporation Bank 1369799 1353605 2723404 108357.82 2575323


Dena Bank 3679043 947748 4626791 112285.32 3250129
IDBI Bank Ltd. 466093 366121 832214 22002.20 676823
Indian Bank 2262333 1120148 3382481 50125.12 3345439
Indian Overseas
993054 3465539 4458593 85326.38 4205086
Bank

Oriental Bank of
2515830 1896653 4412483 341520.40 3858459
Commerce

Punjab & Sind Bank 659844 422124 1081968 62045.53 999226

Punjab National
15935445 2863507 18798952 383606.89 17830318
Bank

State Bank of India 44403353 60672472 105075825 1951958.91 70325595

Syndicate Bank 3148833 1403606 4552439 134814.16 3997456


UCO Bank 4003078 3139146 7142224 187223.88 3862233
Union Bank of India 7217824 1935055 9152879 197377.18 4826667
United Bank of
7653921 5002655 12656576 804578.70 10380205
India
Vijaya Bank 826759 638534 1465293 21886.04 1457358

Public Sector
142508707 121972357 264481064 6575593.13 199990486
Banks Sub Total

(B) Regional Rural Bank


Source of www.pmjy.gov.in

Bank Category wise Report as on 26/09/2018

Number of Number of
Bank Number of Deposits in Number of Rupay
Beneficiaries at Beneficiaries at urban
Name / Total Accounts(In Debit Cards issued
rural/semi urban metro centre bank
Type Beneficiaries lac) to beneficiaries
centre bank branches branches
Public
Sector 142508707 121972357 264481064 6575593.13 199990486
Banks
Regional
Rural 45157256 8306461 53463717 1710808.23 37240610
Banks
Private
Sector 6058374 3977340 10035714 218999.10 9311031
Banks
Grand
193724337 134256158 327980495 8505400.46 246542127
Total
(A) Public Sector Banks
Number of
Beneficiaries at Number of Beneficiaries Number of Deposits in Number of Rupay
Bank Name /
rural/semi urban at urban metro centre Total Accounts(In Debit Cards issued to
Type
centre bank bank branches Beneficiaries lac) beneficiaries
branches
Allahabad Bank 971028 169314 1140342 30191.76 781002
Andhra Bank 167498 17457 184955 3040.19 101170
Bank of Baroda 5332535 1484551 6817086 196692.69 5300493
Bank of India 3218994 1063372 4282366 89915.95 3782331
Bank of
1008038 140318 1148356 28657.07 798847
Maharashtra
Canara Bank 654871 445684 1100555 55269.42 1072097
Central Bank of
3443615 811229 4254844 123233.12 3782078
India
Dena Bank 421356 14315 435671 14895.29 294405
Indian Bank 450143 151622 601765 7828.28 496331
Indian
1014447 30654 1045101 32414.18 616138
Overseas Bank
Jammu &
Kashmir Bank 108295 18226 126521 6064.02 22126
Ltd
Punjab & Sind
20158 1424 21582 10.59 19655
Bank
Punjab National
3160450 573593 3734043 135297.29 3200939
Bank
State Bank of
11533177 2269033 13802210 594972.30 6408325
India
Syndicate Bank 2074820 556962 2631782 97885.55 2504218
UCO Bank 1693958 61281 1755239 38282.32 559347
Union Bank of
1127057 390339 1517396 38634.59 761940
India
United Bank of
8756816 107087 8863903 217523.63 6739168
India
Regional Rural
Banks Sub 45157256 8306461 53463717 1710808.23 37240610
Total
(C) Major Private Banks
Number of Rupay
Number of Beneficiaries Number of Beneficiaries Number of Deposits in
Bank Name / Debit Cards
at rural/semi urban centre at urban metro centre Total Accounts(In
Type issued to
bank branches bank branches Beneficiaries lac)
beneficiaries

Axis Bank Ltd 130051 673077 803128 19330.62 711996


City Union
9566 75887 85453 1530.14 84416
Bank Ltd
Federal Bank
408361 81654 490015 20319.94 429008
Ltd
HDFC Bank
332321 1440395 1772716 80454.06 1772038
Ltd
ICICI Bank Ltd 3499946 552445 4052391 21650.83 4052391
IndusInd Bank
41805 410937 452742 3025.92 426112
Ltd
Jammu &
Kashmir Bank 1366580 179711 1546291 62161.46 1220595
Ltd
Karur Vysya
26783 169370 196153 1668.10 193039
Bank
Kotak
Mahindra Bank 106857 70615 177472 1989.56 130245
Ltd
Lakshmi Vilas
38938 101563 140501 1685.97 125916
Bank Ltd

RBL Bank Ltd 59787 35520 95307 225.30 93174

South Indian
30622 180384 211006 4730.08 59893
Bank Ltd

Yes Bank Ltd 6757 5782 12539 227.12 12208

Major Private
Banks Sub 6058374 3977340 10035714 218999.10 9311031
Total
Public Sector Banks, Regional Rural Banks and Major Private Sector Banks.
Source of www.pmjy.gov.in
(a) Bank wise Report as on 26/09/2011

Bank Category wise Report


200000000 190158632
180000000
153998589
160000000
135922283
140000000 127131396
114056003
120000000
100000000 82592476
80000000 63027236
53329807
60000000 45285369
38646946
40000000 31621006
20000000 5891974 6638423
3059006 8950980 4018504.69 5751111.43 8321580
1536136.5
196470.24
0
Number of Beneficiaries at Number of Beneficiaries at Number of Total Deposits in Accounts(In Number of Rupay Debit
rural/semi urban centre urban metro centre bank Beneficiaries lac) Cards issued to
bank branches branches beneficiaries

Public Sector Banks Regional Rural Banks Private Sector Banks Grand Total

(b) Public Bank wise Report as on 26 September, 2018 (Under the comes
nationalized Bank)

Public Bank Report


Number of Beneficiaries at rural/semi urban centre bank branches
Number of Beneficiaries at urban metro centre bank branches
Number of Total Beneficiaries
Deposits in Accounts(In lac)
Number of Rupay Debit Cards issued to beneficiaries
120000000
100000000
80000000
60000000
40000000
20000000
0
a. Maximum number of beneficiaries at rural/semi urban, urban metro, Deposits
in Account by Account holders and Issued number of Rupay Debit card in
State Bank of India.
b. Minimum number of beneficiaries at rural/semi urban, urban metro, Deposits
in Account by Account holders and Issued number of Rupay Debit card in
IDBI.

(c) Private Sector Bank wise Report as on 26 September, 2018.

Private Bank Report


Number of Beneficiaries at rural/semi urban centre bank branches
Number of Beneficiaries at urban metro centre bank branches
Number of Total Beneficiaries
Deposits in Accounts(In lac)
Number of Rupay Debit Cards issued to beneficiaries
5000000
4000000
3000000
2000000
1000000
0

a. Maximum number of Beneficiaries at rural, urban metro, Deposits in Account by


Account holders and Issued number of Rupay Card to beneficiaries in ICICI Bank
Ltd.
b. Minimum number of Beneficiaries at rural, urban metro, Deposits in Account by
Account holders and Issued number of Rupay Card to beneficiaries in Yes Bank Ltd.
(d) RRBs Sector Bank wise Report as on 26 September, 2018.

RRBs Report
Number of Beneficiaries at rural/semi urban centre bank branches
Number of Beneficiaries at urban metro centre bank branches
Number of Total Beneficiaries
Deposits in Accounts(In lac)
Number of Rupay Debit Cards issued to beneficiaries
15000000

10000000

5000000

a. Maximum number of beneficiaries at rural/semi urban, urban metro, Deposits


in Account by Account holders and Issued number of Rupay Debit card in
State Bank of India.
b. Minimum number of beneficiaries at rural/semi urban, urban metro, Deposits
in Account by Account holders and Issued number of Rupay Debit card in
Punjab & Sind Bank.
(2) Pradhan Mantri Mudra Yojana (PMMY)
About-:

Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister
on April 8, 2015 for providing loans up to 10 lakh to the non-corporate, non-farm small/micro
enterprises. These loans are classified as MUDRA loans under PMMY. These loans are given by
Commercial Banks, RRBs, Small Finance Banks, Cooperative Banks, MFIs and NBFCs. The
borrower can approach any of the lending institutions mentioned above or can apply online through
this portal. Under the aegis of PMMY, MUDRA has created three products namely 'Shishu'
'Kishore' and 'Tarun' to signify the stage of growth development and funding needs of the
beneficiary micro unit entrepreneur and also provide a reference point for the next phase of
graduation growth.

Introduction-:
In the above backdrop the Micro Units Development & Refinance Agency Ltd (MUDRA) was set
up by the Government of India. MUDRA has been initially formed as a wholly owned subsidiary
of Small Industries Development bank of India (SIDBI) with 100% capital being contributed by
it. Presently, the authorized capital of MUDRA is 1000 crores and paid up capital is 750 crore,
fully subscribed by SIDBI. More capital is expected to enhance the functioning of MUDRA.
This Agency would be responsible for developing and refinancing all Micro-enterprises sector by
supporting the finance Institutions which are in the business of lending to micro small business
entities engaged in manufacturing, trading and service activities. MUDRA would partner with
Banks, MFIs and other lending institutions at state level / regional level to provide micro finance
support to the micro enterprise sector in the country
Micro Finance is an economic development tool whose objective is to provide income generating
opportunities to the people at the bottom of the pyramid. It covers a range of services which
include, in addition to the provision of credit, many other credit plus services, financial literacy
and other social support services.
Role and Responsibility-:
MUDRA has been formed with primary objective of developing the micro enterprise sector in the
country by extending various support including financial support in the form of refinance, so as to
achieve the goal of funding the unfunded The GOI Press release of 2 March 2015 has laid down
the roles and responsibilities of MUDRA.
Subsequently GOI has also decided that MUDRA will provide refinance support, monitor the
PMMY data by managing the web portal, facilitate offering guarantees for loans granted under
PMMY and take up other activities assigned to it from time to time. Accordingly MUDRA has
been carrying out these functions over the last one year.

Mudra Vision-:
To be an integrated financial and support services provider par excellence benchmarked with
global best practices and standards for the bottom of the pyramid universe for their comprehensive
economic and social development.

Mudra Mission-:
To create an inclusive, sustainable and value based entrepreneurial culture, in collaboration with
our partner institutions in achieving economic success and financial security.
Mudra Purpose-:
Our basic purpose is to attain development in an inclusive and sustainable manner by supporting
and promoting partner institutions and creating an ecosystem of growth for micro enterprises
sector.

Micro Enterprises
Micro enterprises constitute a major economic segment in our country and provides large
employment after agriculture. This segment include micro units engaged in manufacturing,
processing, trading and services sector. It provides employment to nearly 10 crore people. Many
of these units are proprietary/ single ownership or Own Account enterprises and many a time
referred as Non Corporate Small Business sector.

The Non-Corporate Small Business Sectors


Non-Corporate Small Business Sector (NCSBS) is the economic foundation of India. It is perhaps
one of the largest disaggregated business ecosystems in the world sustaining around 50 crore lives.
The sector comprises of myriad of small manufacturing units, shopkeepers, fruits vegetable
vendors, truck & taxi operators, food-service units, repair shops, machine operators, small
industries, artisans, food processors, street vendors and many others.
Formal or institutional architecture has not been able to reach out to them to meet the financial
requirements of this sector. They are largely self-financed or rely on personal networks or
moneylenders. Addressing this need will give a big boost to the economy otherwise this segment
would remain unfunded and a portion of the productive labour force would remain unemployed.
Small business is big business. According to NSSO Survey (2013), there are 5.77 crore small
business units, mostly individual proprietorship. Most of these 'own account enterprises' (OAE)
are owned by people belonging to Scheduled Caste, Scheduled Tribe or Other Backward Classes.
They get very little credit, and that too mostly from non-formal lenders, or friends and relatives.
Providing access to institutional finance to such micro/small business units would turn them into
strong instruments of GDP growth and also employment.
Micro enterprise sector is established in rural area 54% and in urban area 46%. We can be
understood by diagram.

And Manufacturing, Service and Trading is 30%, 34% or 36%. We can be understood by
diagram.

Micro Enterprises
Manufacturing
Trading 30%
36%

Service
34%
Manufacturing Service Trading

Board of Director-:
S.no Name Post
1 Shri Mohammad Mustafa Chairman
2 Shri Aalok Gupta MD & CEO
3 Shri Aravind Kumar Jain Independent Director
5 Shri Pillarisetti satish Independent Director
6 Shri Manoj Mittal IAS
PMMY Offering-:

Under the aegis of Pradhan Mantri Mudra Yojana (PMMY), MUDRA has created products
schemes. The interventions have been named 'Shishu', 'Kishor' and 'Tarun' to signify the stage of
growth development and funding needs of the beneficiary micro unit entrepreneur and also provide
a reference point for the next phase of graduation growth to look forward to :

 Shishu : covering loans up to 50,000/-


 Kishor : covering loans above 50,000/- and up to 5 lakh
 Tarun : covering loans above 5 lakh and up to 10 lakh

It would be ensured that more focus is given to Shishu Category Units and then Kishor and Tarun
Categories.
Within the framework and overall objective of development and growth of micro enterprises sector
under Shishu, Kishor and Tarun, the products being offered by MUDRA are so designed, to meet
requirements of different sectors / business activities as well as business / entrepreneur segments.
The funding support from MUDRA are of four types:

 Micro Credit Scheme (MCS) for loans up to 1 lakh finance through MFIs.
 Refinance Scheme for Commercial Banks / Regional Rural Banks (RRBs) / Scheduled Co-
operative Banks
 Women Enterprise Programme.
 Securitization of loan portfolio.

Purpose of MUDRA Loan-:

Mudra loan is extended for a variety of purposes which provide income generation and
employment creation. The loans are extended mainly for:

 Business loan for Vendors, Traders, Shopkeepers and other Service Sector activities
 Working capital loan through MUDRA Cards
 Equipment Finance for Micro Units
 Transport Vehicle loans

Following is an illustrative list of the activities that can be covered under MUDRA loans:

Transport Vehicle
Purchase of transport vehicles for goods and personal transport such as auto rickshaw, small goods
transport vehicle, 3 wheelers, e-rickshaw, passenger cars, taxis, etc.

Community, Social & Personal Service Activities


Saloons, beauty parlours, gymnasium, boutiques, tailoring shops, dry cleaning, cycle and
motorcycle repair shop, DTP and Photocopying Facilities, Medicine Shops, Courier Agents, etc.

Food Products Sector


Activities such as papad (Papar)making, achaar making, jam jelly making, agricultural produce
preservation at rural level, sweet shops, small service food stalls and day to day catering / canteen
services, cold chain vehicles, cold storages, ice making units, ice cream making units, biscuit,
bread and bun making, etc.

Textile Products Sector / Activity


Handloom, power loom, khadi activity, chikan work, zari and zardozi work, traditional embroidery
and hand work, traditional dyeing and printing, apparel design, knitting, cotton ginning,
computerized embroidery, stitching and other textile non garment products such as bags, vehicle
accessories, furnishing accessories, etc.
Business loans for Traders and Shopkeepers
Financial support for on lending to individuals for running their shops / trading & business
activities service enterprises and non-farm income generating activities with beneficiary loan size
of up to 10 lakh per enterprise / borrower.

Equipment Finance Scheme for Micro Units


Setting up micro enterprises by purchasing necessary machinery / equipment’s with per
beneficiary loan size of up to 10 lakh.

Activities allied to agriculture


'Activities allied to agriculture', e.g. pisciculture, bee keeping, poultry, livestock, rearing, grading,
sorting, aggregation agro industries, diary, fishery, agriclinics and agribusiness centres, food &
agro-processing, etc.(excluding crop loans, land improvement such as canal, irrigation and wells)
and services supporting these, which promote livelihood or are income generating shall be eligible
for coverage under PMMY in 2016-17.

MUDRA Card
MUDRA Card is an innovative product which provides working capital facility as a cash credit
arrangement. MUDRA Card is a debit card issued against the MUDRA loan account, for working
capital portion of the loan. The borrower can make use of MUDRA Card in multiple withdrawal
and credit, so as to manage the working capital limit in a most efficient manner and keep the
interest burden minimum. MUDRA Card will also help in digitalization of MUDRA transactions
and creating credit history for the borrower.
National Payment Corporation of India (NPCI) has given Rupay branding to MUDRA Card and
also separate BIN / IIN for the same, by which credit history can be tracked.
MUDRA Card can be operated across the country for withdrawal of cash from any ATM / micro
ATM and also make payment through any ‘Point of Sale’ machines.
The design of the MUDRA card as approved by DFS, GoI and NPCI is given below. Banks can
customize the same by incorporating their logo and name.

Fig. of MUDRA Card.


ELIGIBILITY CRITERIA (PMMY) 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.

1. 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 3%.
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.

2. URBAN CO-OPERATIVE BANKS


Should have been in operation for a period of 3 years.
Net Profit for at least three out of the preceding four years subject to not having incurred a net
loss in the immediate preceding year.
Should have sizeable outstanding portfolio in respect of Micro/Small business entities engaged in
manufacturing, trading and services activities.
Should have strong fundamentals based on last audited sheet viz.
(a) Net worth of not less than Rs.50 crore.
(b) Capital to Risk Weighted Assets (CRAR) as stipulated by RBI for Financially Sound and
Well Managed (FSWM) UCBs; and
(c) Level of NPAs not exceeding 3%.
(d) Should not carry any accumulated loss in their books of account.
Should be a Scheduled Bank.
Should have obtained ‘A’ audit classification as per last audited statement of the Bank.

3. STATE CO-OPERATIVE BANKS


Net NPA up to 10% as on last audited statement.
Should have earned net profit during the last 2 years.
Should not carry any accumulated loss in their books of account.
Audit Classification ‘A’ category as per last audited statement of the bank.
State Co-operative Banks with Minimum CRAR as stipulated by RBI from time to time.
Individual DCCBs affiliated to the State CBs with above CRAR requirements, will be eligible to
draw refinance through the State Co-operative banks within the overall exposure limit of the State
Co-operative banks.

4. 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 at least 3
years or the promoters /management should have an experience of at least 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 and Puducherry 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 unit’s 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 up to 7% on case to case basis) for MFIs.
Should be a member of credit bureaus as per RBI policy.
Has a minimum term loan/refinance requirement of Rs.0.50 crore.
Targets the poor, especially women and is secular.
Has audited financial statements (in case of NGO with microfinance as a Programme, the NGO
should have separate audited financial statements for the MFI Programme) and
For NBFCs or any other MFI set up for/by taking over the existing MF operations of another entity,
track record of the earlier entity can be considered for existence, past ratings etc., guidelines
relating to value of FDRs to be placed as security etc. subject to continuity of promoters/senior
management/transfer of major (> 60%) part of the MF operations of the earlier entity.
MUDRA’s loan to be on lent by MFIs for use by borrowers in; setting up/running nonfarm income
generating activities and micro/small enterprises including trading activities/services.

5. NON BANKING FINANCE COMPANIES (NBFCs)


A. Larger NBFCs i.e. Assets size > Rs.500 crore
The NBFC should be registered with RBI as Asset Finance Company (AFC) or Loan Company.
In respect of NBFC-Loan Company, a CA certificate that if the loan is given for income generating
activities, 60% of the income comes from productive assets should be furnished.
NBFC should have been in business for 5 years and should have earned Net Profit for last 3 years.
In case of the NBFCs financing second hand vehicles, the NBFC needs to have experience of 3
years in the activity and also have recorded profit during the period.
Minimum Net Owned Fund of Rs.20 crore and Minimum Asset size of Rs.50 crore.
CRAR-Minimum 15%.
Recovery rate of not less than 90% and Net NPA not exceeding 3%.
External rating range of BBB+ and above.
B. SMALLER NBFCs i.e. Asset size less than Rs.500 crore
The NBFC should be registered with RBI as Asset Finance Company (AFC) or Loan Company.
In respect of NBFC-Loan Company, a CA certificate that if the loan is given for income generating
activities, 60% of the income comes from productive assets should be furnished.
Should have been in business for 5 years (relaxable up to 3 years) and earned Net profit for last 3
years. In case of the NBFCs financing second hand vehicles, the NBFC needs to have experience
of 3 years in the activity and also have recorded profit during the period. Preference may be given
to NBFCs enjoying well conducted credit facilities from Scheduled Commercial Banks.
Minimum Net Owned Fund of Rs.15 crore and Minimum Asset size of Rs.25 crore.
The NBFC normally has done lending business of at least Rs.20 crore during the immediately
preceding financial year.
CRAR-Minimum 15%.
Recovery rate of not less than 90% and Net NPA not exceeding 3%.
External rating range of BB- and above. The external rating should not be more than 6 months old.

Loan Sanctioned under PMMY as on different Financial Year


S.No. Particular 2018-19 2017-18 2016-17 2015-16
1. No. of PMMY Loans Sanctioned 18914957 48130593 39701047 34880924

2. Amount Sanctioned 101228.54 253677.10 180528.54 137449.27


Crore Crore Crore Crore
3. Amount Disbursed 95442.99 246437.40 175312.13 132954.73
Crore Crore Crore Crore

We can be understood by Graph 48130593

39701047
PMMY LOANS GRAPH

34880924
18914957

180528.54
175312.13

137449.27
132954.73
101228.54

253677.1
246437.4
95442.99

2018-19 2017-18 2016-17 2015-16


No of PMMY Loans Sanctioned 18914957 48130593 39701047 34880924
Amount Sanctioned 101228.54 253677.1 180528.54 137449.27
Amount Disbursed 95442.99 246437.4 175312.13 132954.73
Column1
The progress under PMMY during past 3 years is as under:
Years 2015 -16 2016 -2017 2017 -18
Scheme No. of Amount Amounts No. of Amount Amounts No. of Amount Amounts
Accoun Sanctio Disburse Accounts Sanction Disbursed Accounts Sanctioned Disbursed
ts ned (Rs. d (Rs. In (Lakh) ed (Rs. (Rs. In (Lakh) (Rs. In (Rs. In
(Lakh) In Crore) In Crore) Crores) Crore)
Crores) Crores)
Shishu 324.01 62894.9 62027.69 364.98 85100.74 83891.88 426.69 106001.60 104228.05
6
Kishor 20.69 43052.5 41073.28 26.64 53545.14 51063.12 46.53 86732.16 83197.05
5
Tarun 4.10 31501.7 29853.76 5.40 41882.66 40357.13 8.06 60943.34 59012.25
6
Total 348.80 137449. 132954.7 397.02 180528.5 175312.13 481.28 253677.10 246437.35
27 3 4

We can understand from diagram.

PMMY Report during 3 Years


2015-16 2016-17 2017-18

120000

100000

80000

60000

40000

20000

0
No. of Amounts Amounts No. of Amounts Amounts No. of Amounts Amounts
Accounts Sanction Disburse Accounts Sanction Disburse Accounts Sanction Disburse
Scheme 1. Shishu 2. Kishor 3. Tarun
(Rs. In ed (Rs. d (Rs. In (Rs. In ed (Rs. d (Rs. In (Rs. In ed (Rs. d (Rs. In
Lakh) In Crore) Crore) Lakh) In Crore) Crore) Lakh) In Crore) Crore)
2015-16 324.01 62894.96 62027.69 20.69 43052.55 41073.28 4.1 31501.76 29853.76
2016-17 364.98 85100.74 83891.88 26.64 53545.14 51063.12 5.4 41882.66 40357.13
2017-18 426.69 106001.6 104228.1 46.53 86732.16 83197.05 8.06 60943.34 59012.25
120000
100000
80000
60000
40000
20000
0

2015-16 2016-17 2017-18

State Wise Report PMMY


Under this, there are three Scheme. And all Information is based upon the data as
submitted by different banks.
A) PMMY under Shishu Scheme (Loans up to 50,000)

PMMY Under Shishu Scheme (Loans up to 50,000)


State 2018-19 2017-18 2016-17 2015-16
1. Bihar
(a)No of Loans Sanctioned 1644270 4063534 3622665 2310112
(b)Amount Sanctioned (fig. in crore) 4321.04 9919.75 8419.54 4176.61
(c)Amount Disbursement (fig. in crore) 3972.08 9646.78 8225.89 4113.7
2. Uttar Pradesh
(a)No of Loans Sanctioned 1397270 3963399 3076798 3149078
(b)Amount Sanctioned (fig. in crore) 3589.94 8581.82 6884.38 5969.37
(c)Amount Disbursement (fig. in crore) 3384.11 8396.56 6756.77 5849.37
3. Madhya Pradesh
(a)No of Loans Sanctioned 1059290 2648183 2532101 2406310
(b)Amount Sanctioned (fig. in crore) 2880.85 7090.18 5493.89 4672.8
(c)Amount Disbursement (fig. in crore) 2781.88 7011.07 5433.54 4610.76
4. Jharkhand
(a)No of Loans Sanctioned 525012 1118607 969948 828785
(b)Amount Sanctioned (fig. in crore) 1391.83 2582.15 2176.08 1543.49
(c)Amount Disbursement (fig. in crore) 1275.27 2498.51 2129.45 1515.15
5. Chhattisgarh
(a)No of Loans Sanctioned 322688 871455 840480 605051
(b)Amount Sanctioned (fig. in crore) 831.38 2016.69 1792.11 1209.03
(c)Amount Disbursement (fig. in crore) 764.8 1938.4 1749.77 1178.78
6. West Bengal
(a)No of Loans Sanctioned 1485492 4497279 4415268 2487603
(b)Amount Sanctioned (fig. in crore) 3922.24 12128.52 11003.54 4128.24
(c)Amount Disbursement (fig. in crore) 3661.39 11909.15 10912.17 4086.8
7. Haryana
(a)No of Loans Sanctioned 336210 660709 652844 693408
(b)Amount Sanctioned (fig. in crore) 965.54 1791.08 1499.67 1397.52
(c)Amount Disbursement (fig. in crore) 920.92 1757.46 1460.35 1371.96
8. Jammu & Kashmir
(a)No of Loans Sanctioned 9294 19532 23589 19057
(b)Amount Sanctioned (fig. in crore) 32.55 69.04 79.88 64.07
(c)Amount Disbursement (fig. in crore) 31.55 67.74 72.14 62.32
9. Rajasthan
(a)No of Loans Sanctioned 796788 1430399 1015448 1068001
(b)Amount Sanctioned (fig. in crore) 2185.69 3715.15 2456.79 2050.4
(c)Amount Disbursement (fig. in crore) 2061.61 3629.75 2380.44 2004.32
10. Punjab
(a)No of Loans Sanctioned 344915 669630 618286 594025
(b)Amount Sanctioned (fig. in crore) 1078.36 1918.06 1527.57 1249.63
(c)Amount Disbursement (fig. in crore) 1016.67 1880.28 1492.23 1231.47
11. Himachal Pradesh
(a)No of Loans Sanctioned 21696 41978 49158 59757
(b)Amount Sanctioned (fig. in crore) 76.59 123.6 107.2 108.93
(c)Amount Disbursement (fig. in crore) 54.03 112.39 99.35 103.17
12. Uttarakhand
(a)No of Loans Sanctioned 76292 188604 246341 326802
(b)Amount Sanctioned (fig. in crore) 213.34 572.65 632.54 695.27
(c)Amount Disbursement (fig. in crore) 202.2 559.58 622.27 688.99
13. Gujarat
(a)No of Loans Sanctioned 516406 1230455 944644 975320
(b)Amount Sanctioned (fig. in crore) 1564.82 3529.28 2434.58 2200.5
(c)Amount Disbursement (fig. in crore) 1558.27 3506.4 2426.52 2171.87
14. Maharashtra
(a)No of Loans Sanctioned 1614774 3145685 3054130 3337382
(b)Amount Sanctioned (fig. in crore) 4356.08 8093.38 6961.75 6695.06
(c)Amount Disbursement (fig. in crore) 4213.7 7980.26 6909.4 6616.11
15. Karnataka
(a)No of Loans Sanctioned 1866717 4065431 3546071 4153714
(b)Amount Sanctioned (fig. in crore) 4917.79 10487.14 8259.72 9157.83
(c)Amount Disbursement (fig. in crore) 4774.85 10351.83 8166.92 9071.71
16. Goa
(a)No of Loans Sanctioned 10149 26766 22173 36247
(b)Amount Sanctioned (fig. in crore) 35.28 85.87 75.1 94.2
(c)Amount Disbursement (fig. in crore) 34.24 84.42 71.99 89.83
17. Telangana
(a)No of Loans Sanctioned 233155 637258 379247 286985
(b)Amount Sanctioned (fig. in crore) 640.28 1534.28 884.03 612.17
(c)Amount Disbursement (fig. in crore) 542.17 1523.82 867.42 588.37
18. Kerala
(a)No of Loans Sanctioned 623555 2035426 775022 707492
(b)Amount Sanctioned (fig. in crore) 1529.09 3219.71 1827.67 1430.63
(c)Amount Disbursement (fig. in crore) 1512.02 3167.46 1782.74 1414.08
19. Tamil Nadu
(a)No of Loans Sanctioned 2314973 5366167 5000285 4506237
(b)Amount Sanctioned (fig. in crore) 6694.49 13266.17 10931.84 8252.46
(c)Amount Disbursement (fig. in crore) 6674.53 13237.23 10897.54 8231.68
20. Andhra Pradesh
(a)No of Loans Sanctioned 137821 353879 366322 612312
(b)Amount Sanctioned (fig. in crore) 451.6 1218.82 1013.06 1381.72
(c)Amount Disbursement (fig. in crore) 436.95 1187.66 964.68 1312.12
21. Delhi
(a)No of Loans Sanctioned 76283 145979 148741 341933
(b)Amount Sanctioned (fig. in crore) 257.36 458.02 417.99 716.74
(c)Amount Disbursement (fig. in crore) 251.05 450.08 406.99 692.9
22. Sikkim
(a)No of Loans Sanctioned 3262 18878 18466 5491
(b)Amount Sanctioned (fig. in crore) 8.87 42.62 52.77 12.7
(c)Amount Disbursement (fig. in crore) 8.37 41.99 51.66 12.1
23. Assam
(a)No of Loans Sanctioned 388063 1558335 1214502 390320
(b)Amount Sanctioned (fig. in crore) 1067.45 4320.53 3600.76 770.8
(c)Amount Disbursement (fig. in crore) 1054.48 4311.15 3593.18 759.22
24. Meghalaya
(a)No of Loans Sanctioned 8652 23858 20357 15451
(b)Amount Sanctioned (fig. in crore) 29.67 70.66 60.32 40.94
(c)Amount Disbursement (fig. in crore) 29.3 70.48 60.04 40.24
25. Manipur
(a)No of Loans Sanctioned 14544 27973 19099 20943
(b)Amount Sanctioned (fig. in crore) 28.85 81.55 58.61 35.95
(c)Amount Disbursement (fig. in crore) 28.25 80.88 58.22 35.41
26. Mizoram
(a)No of Loans Sanctioned 1592 6474 3408 5473
(b)Amount Sanctioned (fig. in crore) 5.84 26.03 16.09 20.61
(c)Amount Disbursement (fig. in crore) 5.56 25.64 15.46 19.44
27. Tripura
(a)No of Loans Sanctioned 81191 366127 243249 59298
(b)Amount Sanctioned (fig. in crore) 237.01 1048.51 720.77 137.98
(c)Amount Disbursement (fig. in crore) 235.97 1046.92 719.12 136.83
28. Arunachal Pradesh
(a)No of Loans Sanctioned 468 9137 4645 3194
(b)Amount Sanctioned (fig. in crore) 1.44 23.28 13.21 8.27
(c)Amount Disbursement (fig. in crore) 1.35 23.14 13.16 8.18
29. Odisha
(a)No of Loans Sanctioned 1511477 3322007 2525473 2281495
(b)Amount Sanctioned (fig. in crore) 4087.76 7531.78 5332.04 3801.68
(c)Amount Disbursement (fig. in crore) 3825.68 7278.07 5187.48 37.53.86
30. Nagaland
(a)No of Loans Sanctioned 519 11069 8723 3247
(b)Amount Sanctioned (fig. in crore) 2.05 39.02 25.31 10.57
(c)Amount Disbursement (fig. in crore) 1.69 38.57 25.08 10.32
31. Lakshadeep
(a)No of Loans Sanctioned 172 612 311 551
(b)Amount Sanctioned (fig. in crore) 0.53 1.93 0.97 1.33
(c)Amount Disbursement (fig. in crore) 0.44 1.62 0.8 1.04
32. Andaman and Nicobar Islands
(a)No of Loans Sanctioned 921 1710 1634 15724
(b)Amount Sanctioned (fig. in crore) 2.81 5.15 2.82 64.62
(c)Amount Disbursement (fig. in crore) 2.81 5.15 2.6 64.54
33. Dadra & Nagar Haveli
(a)No of Loans Sanctioned 81 2437 2196 815
(b)Amount Sanctioned (fig. in crore) 0.23 7.71 7.42 1.82
(c)Amount Disbursement (fig. in crore) 0.23 7.69 7.41 1.65
34. Daman & Diu
(a)No of Loans Sanctioned 101 462 471 835
(b)Amount Sanctioned (fig. in crore) 0.43 0.93 0.6 1.24
(c)Amount Disbursement (fig. in crore) 0.27 0.78 0.51 1.16
35. Pondicherry
(a)No of Loans Sanctioned 69518 130970 121567 74516
(b)Amount Sanctioned (fig. in crore) 208.21 370.58 304.59 146.2
(c)Amount Disbursement (fig. in crore) 207.34 370.04 303.97 145.52
36. Chandigarh
(a)No of Loans Sanctioned 4482 9391 14151 18082
(b)Amount Sanctioned (fig. in crore) 13.97 29.94 25.54 33.58
(c)Amount Disbursement (fig. in crore) 13.24 29.08 24.64 32.41

B) PMMY under Kishor Scheme (Loans from 50k to 5 Lakh)

PMMY under Kishor Scheme (Loans from 50 k


to 5 L)
State 2018-19 2017-18 2016-17 2015-16
1. Bihar
(a)No of Loans Sanctioned 63536 224316 116492 129001
(b)Amount Sanctioned (fig. in crore) 1515.88 3845.57 2299.7 2390.27
(c)Amount Disbursement (fig. in crore) 1386.18 3690.52 1944.19 2227.77
2. Uttar Pradesh
(a)No of Loans Sanctioned 130598 362732 213841 160502
(b)Amount Sanctioned (fig. in crore) 2906.31 7596.67 4609.59 3466.06
(c)Amount Disbursement (fig. in crore) 2618.62 7171.13 4388.28 3325.18
3. Madhya Pradesh
(a)No of Loans Sanctioned 65946 204239 120581 84343
(b)Amount Sanctioned (fig. in crore) 1466.5 4391.28 2688.81 1806.66
(c)Amount Disbursement (fig. in crore) 1305.14 4130.88 2543.23 1653.63
4. Jharkhand
(a)No of Loans Sanctioned 30201 78942 43689 36637
(b)Amount Sanctioned (fig. in crore) 652.45 1654.18 1034.2 821.33
(c)Amount Disbursement (fig. in crore) 614.48 1598 1006.2 780.69
5. Chhattisgarh
(a)No of Loans Sanctioned 22043 73732 34915 28559
(b)Amount Sanctioned (fig. in crore) 473.9 1439.24 773.01 565.59
(c)Amount Disbursement (fig. in crore) 381.85 1316.49 714.85 512.08
6. West Bengal
(a)No of Loans Sanctioned 96184 436208 125457 118927
(b)Amount Sanctioned (fig. in crore) 1834.44 5850.78 2659.29 2377.9
(c)Amount Disbursement (fig. in crore) 1724.81 5555.31 2576.24 2201.84
7. Haryana
(a)No of Loans Sanctioned 38831 98920 47513 39525
(b)Amount Sanctioned (fig. in crore) 788.59 2118.54 1050.82 885.4
(c)Amount Disbursement (fig. in crore) 738.09 2023.27 992.33 847.43
8. Jammu & Kashmir
(a)No of Loans Sanctioned 39126 73095 59232 34388
(b)Amount Sanctioned (fig. in crore) 973.59 1725.6 1237.3 760.31
(c)Amount Disbursement (fig. in crore) 942.59 1678.84 1114.22 738.18
9. Rajasthan
(a)No of Loans Sanctioned 81130 254867 148125 68468
(b)Amount Sanctioned (fig. in crore) 1776.44 5530.44 3360.09 1601.2
(c)Amount Disbursement (fig. in crore) 1656.65 5350.55 3291.1 1504.66
10. Punjab
(a)No of Loans Sanctioned 56683 119363 65920 43347
(b)Amount Sanctioned (fig. in crore) 1042.92 2410.17 1413.37 1024.39
(c)Amount Disbursement (fig. in crore) 960.25 2325.78 1370.16 994.68
11. Himachal Pradesh
(a)No of Loans Sanctioned 23733 40262 27283 21122
(b)Amount Sanctioned (fig. in crore) 511.66 993.76 635.75 509.24
(c)Amount Disbursement (fig. in crore) 420.67 939.15 599.24 492.6
12. Uttarkhand
(a)No of Loans Sanctioned 21325 55269 33075 27554
(b)Amount Sanctioned (fig. in crore) 480 1149.7 766.04 651.97
(c)Amount Disbursement (fig. in crore) 438.48 1101.81 735.81 632.07
13. Gujarat
(a)No of Loans Sanctioned 73856 224098 124658 85245
(b)Amount Sanctioned (fig. in crore) 1399.86 4437.87 2777.75 1900.42
(c)Amount Disbursement (fig. in crore) 1340.83 4336.13 2727.28 1851.5
14. Maharashtra
(a)No of Loans Sanctioned 129450 354818 220662 154441
(b)Amount Sanctioned (fig. in crore) 2603.96 7529.9 5082.03 3645.03
(c)Amount Disbursement (fig. in crore) 2459.94 7343.4 4947.01 3461.97
15. Karnataka
(a)No of Loans Sanctioned 195335 434785 332182 264744
(b)Amount Sanctioned (fig. in crore) 3062.7 7382.66 5666.11 4890.55
(c)Amount Disbursement (fig. in crore) 2953.61 7177.23 5402.85 4744.94
16. Goa
(a)No of Loans Sanctioned 3383 10028 7166 7441
(b)Amount Sanctioned (fig. in crore) 73.33 215.89 163.34 164.78
(c)Amount Disbursement (fig. in crore) 66.85 209.43 156.33 155.73
17. Telangana
(a)No of Loans Sanctioned 58822 121014 86416 98675
(b)Amount Sanctioned (fig. in crore) 1145.82 2742.36 1705.71 2082.34
(c)Amount Disbursement (fig. in crore) 1098.91 2668.37 1651.17 2014.98
18. Kerala
(a)No of Loans Sanctioned 98349 225274 189329 107975
(b)Amount Sanctioned (fig. in crore) 1681.44 4033.16 3063 2251.71
(c)Amount Disbursement (fig. in crore) 1634.11 3971.94 3007.96 2194.29
19. Tamil Nadu
(a)No of Loans Sanctioned 166747 431666 275564 234824
(b)Amount Sanctioned (fig. in crore) 2583.9 7407.89 4430.15 4398.88
(c)Amount Disbursement (fig. in crore) 2467.63 7176.1 4258.53 4282.07
20. Andhra Pradesh
(a)No of Loans Sanctioned 142018 413415 202197 165306
(b)Amount Sanctioned (fig. in crore) 2684.31 7142.93 3571.2 3286.86
(c)Amount Disbursement (fig. in crore) 2289.33 6566.76 3314.29 3115.6
21. Delhi
(a)No of Loans Sanctioned 23215 65530 52485 36077
(b)Amount Sanctioned (fig. in crore) 548.23 1715.87 1571.01 1032.44
(c)Amount Disbursement (fig. in crore) 525.48 1684.47 1550.65 1002.95
22. Sikkim
(a)No of Loans Sanctioned 811 2315 1143 1145
(b)Amount Sanctioned (fig. in crore) 18.99 42.12 25.99 27.07
(c)Amount Disbursement (fig. in crore) 17.27 40.29 24.91 24.82
23. Assam
(a)No of Loans Sanctioned 19349 145421 34363 32121
(b)Amount Sanctioned (fig. in crore) 383.95 1646.95 785.98 679.93
(c)Amount Disbursement (fig. in crore) 348.84 1583.47 725.46 614.57
24. Meghalaya
(a)No of Loans Sanctioned 1358 4143 2793 3051
(b)Amount Sanctioned (fig. in crore) 29.43 83 71.29 75.84
(c)Amount Disbursement (fig. in crore) 28.04 80.55 68.52 74.2
25. Manipur
(a)No of Loans Sanctioned 1866 4507 2233 2679
(b)Amount Sanctioned (fig. in crore) 31.14 82.49 55.31 66.74
(c)Amount Disbursement (fig. in crore) 28.9 71.47 47.18 58.66
26. Mizoram
(a)No of Loans Sanctioned 4174 5536 3278 1993
(b)Amount Sanctioned (fig. in crore) 85.59 100.31 62.22 41.9
(c)Amount Disbursement (fig. in crore) 76.75 97.23 53.16 35.24
27. Tripura
(a)No of Loans Sanctioned 9117 32049 9425 7967
(b)Amount Sanctioned (fig. in crore) 108.17 348.26 188.43 167.6
(c)Amount Disbursement (fig. in crore) 101.41 330.41 166.65 141.05
28. Arunachal Pradesh
(a)No of Loans Sanctioned 431 1236 1003 977
(b)Amount Sanctioned (fig. in crore) 12.37 36.51 30.01 29.16
(c)Amount Disbursement (fig. in crore) 11.66 32.91 28.12 27.44
29. Odisha
(a)No of Loans Sanctioned 59089 126864 67611 51401
(b)Amount Sanctioned (fig. in crore) 1024.17 2416.4 1475.08 1090.42
(c)Amount Disbursement (fig. in crore) 954.57 2302.14 1376.17 977.75
30. Nagaland
(a)No of Loans Sanctioned 743 2461 1726 1418
(b)Amount Sanctioned (fig. in crore) 18.94 48.94 44.24 39.51
(c)Amount Disbursement (fig. in crore) 17.75 44.25 39.26 36.75
31. Lakshadeep
(a)No of Loans Sanctioned 95 400 144 170
(b)Amount Sanctioned (fig. in crore) 2.13 8.57 3.22 3.75
(c)Amount Disbursement (fig. in crore) 1.58 7.72 2.51 3.06
32. Andaman and Nicobar Islands
(a)No of Loans Sanctioned 430 1363 1149 8275
(b)Amount Sanctioned (fig. in crore) 12.76 37.79 31.55 103.14
(c)Amount Disbursement (fig. in crore) 12.38 36.73 30.76 100.65
33. Dadra & Nagar Haveli
(a)No of Loans Sanctioned 101 768 255 254
(b)Amount Sanctioned (fig. in crore) 2.76 13.47 5.03 7.51
(c)Amount Disbursement (fig. in crore) 2.55 13.41 4.4 7.24
34. Daman & Diu
(a)No of Loans Sanctioned 109 470 212 189
(b)Amount Sanctioned (fig. in crore) 3.29 10.28 4.35 4.78
(c)Amount Disbursement (fig. in crore) 3.11 10.15 4.22 4.54
35. Pondicherry
(a)No of Loans Sanctioned 8667 16982 7986 7482
(b)Amount Sanctioned (fig. in crore) 174.56 318.52 121.17 123.74
(c)Amount Disbursement (fig. in crore) 168.38 311.1 118.85 121.58
36. Chandigarh
(a)No of Loans Sanctioned 2542 6786 3400 3238
(b)Amount Sanctioned (fig. in crore) 57.49 224.08 83.03 78.13
(c)Amount Disbursement (fig. in crore) 53.26 219.72 80.56 74.89
C). PMMY under Tarun Scheme (Loans from 5 Lakh to 10 Lakh)
PMMY under Tarun Scheme (Loans from 5 L to
10 L)
State 2018-19 2017-18 2016-17 2015-16
1. Bihar
(a)No of Loans Sanctioned 12792 27011 17559 12326
(b)Amount Sanctioned (fig. in crore) 1043.3 2154.09 1471.36 986.95
(c)Amount Disbursement (fig. in crore) 962.29 2059.46 1415.55 924.44
2. Uttar Pradesh
(a)No of Loans Sanctioned 30899 75086 46908 35802
(b)Amount Sanctioned (fig. in crore) 2544.48 5899.4 3788.64 2840.45
(c)Amount Disbursement (fig. in crore) 2288.88 5606.77 3608.53 2706.07
3. Madhya Pradesh
(a)No of Loans Sanctioned 16693 46701 30370 20538
(b)Amount Sanctioned (fig. in crore) 1270.96 3404.69 2323.75 1617.28
(c)Amount Disbursement (fig. in crore) 1134.64 3215.57 2215.14 1504.9
4. Jharkhand
(a)No of Loans Sanctioned 6156 15122 9956 7446
(b)Amount Sanctioned (fig. in crore) 494.49 1174.07 793.85 579.51
(c)Amount Disbursement (fig. in crore) 462.68 1136.54 772.9 549.82
5. Chhattisgarh
(a)No of Loans Sanctioned 5305 16892 9546 6101
(b)Amount Sanctioned (fig. in crore) 430.12 1291.36 769.14 490.88
(c)Amount Disbursement (fig. in crore) 392.43 1246.59 745.24 465.28
6. West Bengal
(a)No of Loans Sanctioned 13188 33799 25780 22018
(b)Amount Sanctioned (fig. in crore) 1032.69 2572.89 2032.18 1527.74
(c)Amount Disbursement (fig. in crore) 973.52 2506.3 1991.62 1451.77
7. Haryana
(a)No of Loans Sanctioned 10473 26699 16265 12602
(b)Amount Sanctioned (fig. in crore) 842.69 2030.78 1293.04 976.35
(c)Amount Disbursement (fig. in crore) 792.52 1964.31 1244.91 933.23
8. Jammu & Kashmir
(a)No of Loans Sanctioned 6654 10498 6891 4529
(b)Amount Sanctioned (fig. in crore) 506.18 792.15 528.19 360.75
(c)Amount Disbursement (fig. in crore) 488.54 768.26 477.15 351.65
9. Rajasthan
(a)No of Loans Sanctioned 21518 61482 41264 23350
(b)Amount Sanctioned (fig. in crore) 1716.99 4616.96 3207.83 1833.35
(c)Amount Disbursement (fig. in crore) 1641.76 4523.46 3115.76 1739.3
10. Punjab
(a)No of Loans Sanctioned 13649 30843 21363 16601
(b)Amount Sanctioned (fig. in crore) 1114.15 2395.59 1699.9 1298.4
(c)Amount Disbursement (fig. in crore) 1045.95 2318.06 1649.88 1258.34
11. Himachal Pradesh
(a)No of Loans Sanctioned 4710 9752 6410 4685
(b)Amount Sanctioned (fig. in crore) 401.06 783.19 538.78 380.61
(c)Amount Disbursement (fig. in crore) 364.12 749.9 515.43 369.93
12. Uttarkhand
(a)No of Loans Sanctioned 4953 10910 7163 5651
(b)Amount Sanctioned (fig. in crore) 406.93 850.87 575.54 441.15
(c)Amount Disbursement (fig. in crore) 379.34 818.69 555.79 424.02
13. Gujarat
(a)No of Loans Sanctioned 16133 46673 34151 25842
(b)Amount Sanctioned (fig. in crore) 1155.21 3419.38 2569.6 1933.81
(c)Amount Disbursement (fig. in crore) 1100.34 3359.99 2538.27 1886.65
14. Maharashtra
(a)No of Loans Sanctioned 30322 96117 69362 43242
(b)Amount Sanctioned (fig. in crore) 2351.16 7128.12 5242.88 3466.39
(c)Amount Disbursement (fig. in crore) 2215.01 6942.55 5120.34 3294.34
15. Karnataka
(a)No of Loans Sanctioned 29247 68277 55235 41151
(b)Amount Sanctioned (fig. in crore) 2185.94 5139.93 4076.72 2812.97
(c)Amount Disbursement (fig. in crore) 2104.07 4971.61 3720.93 2652.78
16. Goa
(a)No of Loans Sanctioned 1007 2603 1950 1783
(b)Amount Sanctioned (fig. in crore) 80.09 197.51 151.76 140.35
(c)Amount Disbursement (fig. in crore) 72.51 190.6 144.45 130.48
17. Telangana
(a)No of Loans Sanctioned 7792 31043 17031 15101
(b)Amount Sanctioned (fig. in crore) 604.29 2268.63 1288.64 1140.04
(c)Amount Disbursement (fig. in crore) 582.03 2238.61 1261.9 1090.99
18. Kerala
(a)No of Loans Sanctioned 11229 29105 17909 14944
(b)Amount Sanctioned (fig. in crore) 919.27 2207.09 1397.95 1175.34
(c)Amount Disbursement (fig. in crore) 870.41 2143.16 1349.75 1119.01
19. Tamil Nadu
(a)No of Loans Sanctioned 23357 62332 34008 40506
(b)Amount Sanctioned (fig. in crore) 1864.47 4657.62 2690.68 3194.8
(c)Amount Disbursement (fig. in crore) 1796.87 4567.59 2600.32 2983.11
20. Andhra Pradesh
(a)No of Loans Sanctioned 14346 34551 19050 18070
(b)Amount Sanctioned (fig. in crore) 1043.5 2540.77 1493.75 1435.56
(c)Amount Disbursement (fig. in crore) 979.21 2459.67 1452.82 1327.07
21. Delhi
(a)No of Loans Sanctioned 11058 30288 23749 16378
(b)Amount Sanctioned (fig. in crore) 861.14 2276.26 1773.96 1198.5
(c)Amount Disbursement (fig. in crore) 816.56 2222.8 1742.9 1162.12
22. Sikkim
(a)No of Loans Sanctioned 250 395 256 253
(b)Amount Sanctioned (fig. in crore) 20.83 31.55 21.13 19.76
(c)Amount Disbursement (fig. in crore) 18.38 30.37 19.97 17.69
23. Assam
(a)No of Loans Sanctioned 3695 9248 6889 4831
(b)Amount Sanctioned (fig. in crore) 293.04 702.26 521.56 366.89
(c)Amount Disbursement (fig. in crore) 270.98 675.7 505.91 354.67
24. Meghalaya
(a)No of Loans Sanctioned 327 845 765 649
(b)Amount Sanctioned (fig. in crore) 24.48 62.58 58.36 49.7
(c)Amount Disbursement (fig. in crore) 22.67 61.01 57.17 47.97
25. Manipur
(a)No of Loans Sanctioned 268 706 533 399
(b)Amount Sanctioned (fig. in crore) 22.03 55.55 42.13 28.73
(c)Amount Disbursement (fig. in crore) 20.73 48.33 37.07 25.96
26. Mizoram
(a)No of Loans Sanctioned 262 390 287 306
(b)Amount Sanctioned (fig. in crore) 21.47 31.29 22.9 23.99
(c)Amount Disbursement (fig. in crore) 19.47 30.02 21.7 23.1
27. Tripura
(a)No of Loans Sanctioned 542 1123 1133 881
(b)Amount Sanctioned (fig. in crore) 42.84 88.2 90.22 66.48
(c)Amount Disbursement (fig. in crore) 38.97 83.27 82.78 59.38
28. Arunachal Pradesh
(a)No of Loans Sanctioned 218 631 461 454
(b)Amount Sanctioned (fig. in crore) 17.83 49.71 38.25 36.95
(c)Amount Disbursement (fig. in crore) 17.32 47.22 37.4 36
29. Odisha
(a)No of Loans Sanctioned 9382 21441 13685 10365
(b)Amount Sanctioned (fig. in crore) 717.89 1610.73 1084.22 802.76
(c)Amount Disbursement (fig. in crore) 669.31 1535.67 1037.03 704.65
30. Nagaland
(a)No of Loans Sanctioned 237 611 602 469
(b)Amount Sanctioned (fig. in crore) 18.69 48.01 44.51 35.81
(c)Amount Disbursement (fig. in crore) 17.88 41.79 39.49 29.47
31. Lakshadeep
(a)No of Loans Sanctioned 8 32 18 19
(b)Amount Sanctioned (fig. in crore) 0.69 2.45 1.46 1.5
(c)Amount Disbursement (fig. in crore) 0.5 2.2 1.2 1.25
32. Andaman and Nicobar Islands
(a)No of Loans Sanctioned 246 756 570 720
(b)Amount Sanctioned (fig. in crore) 20.54 59.72 45.78 50.6
(c)Amount Disbursement (fig. in crore) 19.66 58.38 44.98 47.59
33. Dadra & Nagar Haveli
(a)No of Loans Sanctioned 71 203 136 167
(b)Amount Sanctioned (fig. in crore) 6.02 15.61 11.04 12.39
(c)Amount Disbursement (fig. in crore) 5.58 15.21 10.8 12.38
34. Daman & Diu
(a)No of Loans Sanctioned 38 154 91 85
(b)Amount Sanctioned (fig. in crore) 3.41 12.34 7.66 6.41
(c)Amount Disbursement (fig. in crore) 2.74 11.63 7.34 6.32
35. Pondicherry
(a)No of Loans Sanctioned 1666 2525 808 868
(b)Amount Sanctioned (fig. in crore) 137.83 206.05 64.85 67.9
(c)Amount Disbursement (fig. in crore) 130.09 200.63 62.66 64.81
36. Chandigarh
(a)No of Loans Sanctioned 833 2080 1488 1285
(b)Amount Sanctioned (fig. in crore) 70.61 165.96 120.44 100.71
(c)Amount Disbursement (fig. in crore) 65.84 160.35 116.05 97.22

Sources of Data www.pmjy.gov.in


3. Pradhan Mantri Jan Suraksha Yojana

Pradhan Mantri Suraksha Bima Yojana is a government-backed accident insurance scheme in


India. It was originally mentioned in the 2015 Budget speech by Finance Minister Arun Jaitley in
February 2015. It was formally launched by Prime Minister Narendra Modi on 9th May in Kolkata.
As of May 2015, only 20% of India's population has any kind of insurance, this scheme aims to
increase the number.
Pradhan Mantri Suraksha Bima Yojana is available to people between 18 and 70 years of age with
bank accounts. It has an annual premium of ₹12 exclusive of taxes. The GST is exempted on
Pradhan Mantri Suraksha Bima Yojana. The amount will be automatically debited from the
account. The accident insurance scheme will have one year cover from June 1 to May 31 and
would be offered through banks and administered through public sector general insurance
companies.
In case of accidental death or full disability, the payment to the nominee will be ₹2 lakh and in
case of partial Permanent disability ₹1 lakh. Full disability has been defined as loss of use in both
eyes, hands and feet. Partial Permanent disability has been defined as loss of use in one eye, hand
or foot.
This scheme will be linked to the bank accounts opened under the Pradhan Mantri Jan Dhan
Yojana scheme. Most of these account had zero balance initially. The government aims to reduce
the number of such zero balance accounts by using this and related schemes. Now all Bank account
holders can avail this facility through their net-banking service facility at any time of the year.
Under this Scheme there are three Yojana given as follows-:
a) Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
b) Pradhan Mantri Suraksha Bima Yojana (PMSBY)
c) Atal Pension Yojana (APY)

PMJJBY_:

The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a one year life insurance scheme,
renewable from year to year, offering coverage for death due to any reason and is available to
people in the age group of 18 to 50 years (life cover up to age 55) having a savings bank account
who give their consent to join and enable auto-debit. The risk cover on the lives of the enrolled
persons has commenced from 1st June 2015.
Under PMJJBY scheme, life cover of Rs. 2 lakhs is available for a one year period stretching from
1st June to 31st May at a premium of Rs.330/- per
annum per member and is renewable every year. It is
offered administered through LIC and other Indian
private Life Insurance companies. For enrolment
banks have tied up with insurance companies.
Participating Bank is the Master policy holder
The assurance on the life of the member shall
terminate on any of the following events and no
benefit will become payable there under:
1) On attaining age 55 years (age near birth day)
subject to annual renewal up to that date (entry,
However, will not be possible beyond the age of 50
years).
2) Closure of account with the Bank or insufficiency of balance to keep the insurance in force.
3) A person can join PMJJBY with one Insurance company with one bank account only.
Individuals who exit the scheme at any point may re-join the scheme in future years by paying the
annual premium and submitting a self-declaration of good health. Initial enrolment period in the
scheme was from 1st May to 31st May ‘2015, which has now been extended up to 31st Aug’ 2015,
by this date eligible persons can join the scheme without giving self-certification of good health,
even though eligible persons can join the scheme on any date by paying the premium for full year.
In case of claim the nominees/heirs of the insured person have to contact respective bank branch
where the insured person was having bank account. A death certificate and simple claim form is
required to submit and the claim amount will be transferred to nominees account.
PMSBY:-

In light of the fact that a large proportion of the population have no accidental insurance cover, the
Pradhan Mantri Suraksha Bima Yojana (PMJJBY) is aimed at covering the uncovered population
at an highly affordable premium of just Rs.12 per year. The Scheme will be available to people in
the age group 18 to 70 years with a savings bank account who give their consent to join and enable
auto-debit on or before 31st May for the coverage period 1st June to 31st May on an annual renewal
basis.
Under the said scheme, risk coverage available will be Rs. 2 lakh for accidental death and
permanent total disability and Rs. 1 lakh for permanent partial disability, for a one year period
stretching from 1st June to 31st May. It is
offered by Public Sector General Insurance
Companies or any other General Insurance
Company who are willing to offer the product
on similar terms with necessary approvals and
tie up with banks for this purpose. Participating
Bank will be the Master policy holder on behalf
of the participating subscribers. It will be the
responsibility of the participating bank to
recover the appropriate annual premium in one
instalment, as per the option, from the account
holders on or before the due date through ‘auto-
debit’ process and transfer the amount due to the
insurance company.
Individuals who exit the scheme at any point may re-join the scheme in future years by paying the
annual premium, subject to conditions. Further, in order to assure a hassle free claim settlement
experience for the claimants a simple and subscriber friendly administration & claim settlement
process has been put in place.
To ensure that the benefits of this scheme is brought to every uninsured individual, who holds a
bank account, wide publicity was given for this social security measure through electronic media,
radio, posters, newspapers advertisements etc. Enrollment forms were widely distributed. Highly
publicized Enrollment camps were conducted by Banks, and Insurance Companies, mobilizing the
entire network of SLBC coordinators, state and district level nodal officers, agents and banking
correspondents, thereby fully utilizing the reach of these channels, for attracting large scale
enrolment in the scheme.
Between the date of commencement of enrolment on 01st May till the date of launch of the scheme
by the PM on 9th May, 4.42 Crore subscribers were enrolled in the PMJJBY scheme.
The simplified procedures and the documentary requirements and the procedures to be followed
in case of a claim under the policy has been widely publicized through posters and advertisements
at every location and point of contact which a claimant is likely to get in touch in case of an
accident resulting in a claim under the scheme.
An IT enabled, web based system is in the process of being established to keep the claimants
informed seamlessly about the progress and status of the claim, till it’s settlement.
Claim settlement will be made to the bank account of the insured or his nominee in case of death
of the account holder.
The enrolment drive is continuing without loss of momentum till date. As on 31st May, that is, on
the eve of commencement date of the policy, the number enrolled under PMSBY scheme had
reached 7.29 Crores.
Immediately after the close of the first phase of enrolments, banks have started the process of auto
debit of premium in the accounts of the enrollees and remittance of premium to the insurers. So
far premium has been debited to around 65% of the accounts.
The enrollment is open till 31st August and the drive is continuing. Till 18th June 2015 the number
of enrolled under PMSBY stands at 7.68 Crore.
The scheme is expected to serve the goal of financial inclusion by achieving penetration of
insurance down to the weaker sections of the society, ensuring their or their family’s financial
security, which otherwise gets pulled to the ground in case of any unexpected and unfortunate
accident.
APY:-

Atal Pension Yojana (APY) is open to all bank account holders. The Central Government would
also co-contribute 50% of the total contribution or Rs. 1000 per annum, whichever is lower, to
each eligible subscriber, for a period of 5 years, i.e., from Financial Year 2015- 16 to 2019-20,
who join the APY before 31st December, 2015, and who are not members of any statutory social
security scheme and who are not income tax payers. Therefore, APY will be focused on all citizens
in the unorganized sector.
Under APY, the monthly pension would be available to the subscriber, and after him to his spouse
and after their death, the pension corpus, as accumulated at age 60 of the subscriber, would be
returned to the nominee of the subscriber.
Under the APY, the subscribers would receive the fixed minimum pension of Rs. 1000 per month,
Rs. 2000 per month, Rs. 3000 per month, Rs. 4000 per month, Rs. 5000 per month, at the age of
60 years, depending on their contributions, which itself would be based on the age of joining the
APY. Therefore, the benefit of minimum pension would be guaranteed by the Government.
However, if higher investment returns are received on the contributions of subscribers of APY,
higher pension would be paid to the subscribers.
Under the APY, the subscribers would receive the fixed minimum pension of Rs. 1000 per month,
Rs. 2000 per month, Rs. 3000 per month, Rs. 4000 per month, Rs. 5000 per month, at the age of
60 years, depending on their contributions, which itself would be based on the age of joining the
APY. Therefore, the benefit of minimum pension would be guaranteed by the Government.
However, if higher investment returns are received on the contributions of subscribers of APY,
higher pension would be paid to the subscribers.
A subscriber joining the scheme of Rs. 1,000 monthly pension at the age of 18 years would be
required to contribute Rs. 42 per month. However, if he joins at age 40, he has to contribute Rs.
291 per month. Similarly, a subscriber joining the scheme of Rs. 5,000 monthly pension at the age
of 18 years would be required to contribute Rs. 210 per month. However, if he joins at age 40, he
has to contribute Rs. 1,454 per month. Therefore, it is better to join early in the Scheme. The
contribution levels, the age of entry and the pension amounts are available in a table given in
frequently asked questions (FAQs) on APY, which is available on www.jansuraksha.gov.in.
The minimum age of joining APY is 18 years and maximum age is 40 years. Therefore, minimum
period of contribution by any subscriber under APY would be 20 years or more.

Sources of Data www.pmjy.gov.in