Beruflich Dokumente
Kultur Dokumente
(PMMY)
Project by:
Shailesh Yadav
Vijay Kulange
Asst Secretaries, Dept of Financial Services
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PMMY - Features
• Loans for non-farm sector income generating activities
Shishu- upto Rs. 50,000/-
Kishore- above 50,000/- and upto Rs.5 lakh
Tarun- above Rs.5 lakh and upto Rs.10 lakh
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Field Study: Observations – AP and Odisha
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Learnings from Global Best Practices
• Grameen (Bangladesh), BancoSol (Bolivia), UnitDesa
(Indonesia), Mibanco (Peru), Equity bank (Kenya)
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Problems Identified
• Borrowers:
Access, Timeliness, Flexibility
• Banks/Financial Institutions:
Ensuring repayment of loans (loan quality)
High cost of disbursing & recovering small loans
• Government:
Over-indebtedness & unethical practices
Alignment with Skill Development Programmes
PMMY loans being perceived as doles/hand-outs
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e-mudra : Smart Technological platform
• To be owned & operated by MUDRA
• Will receive, store, analyse & disburse all data on lenders,
borrowers & repayments
• Using NUUP (National Unified Ussd Platform) : the existing
multilingual mobile banking platform of NPCI (National
Payment Corporation of India) *99# , works offline also
• MIS: information down to the level of individual borrower
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e-mudra : Smart Technological platform
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PMMY with e-mudra: Process Flow
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PMMY with e-mudra: Process Flow
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Supplementary measures
• Financial Literacy Campaign:
– Mobile banking, Savings, Types of loan, Project
preparation
• Campus loan programs: self-employment
• Handholding
• Market linkage: e-commerce
• Monitoring loan utilisation: Bank Mitras
• Success stories, Recognition & Rewards
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Looking Ahead: the future
• Maturing of Small Business Finance Ecosystem
• Integration of Small Banks, Payment Banks
• Integration of private borrowers, last-mile financiers:
regulated P2P (person to person) lending
• Competition among lenders, choice for borrowers
Banks/FIs Multiple
offers with Borrower
Last-mile financiers e-mudra different chooses
terms & one
Individuals conditions
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Thank you
“The key to ending extreme poverty is to enable the
poorest of the poor to get their foot on the ladder of
development . . . the poorest of the poor are stuck
beneath it. They lack the minimum amount of capital
necessary to get a foothold, and therefore need a
boost up to the first rung.”
- Jeffrey Sachs
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