NPA of MUDRA loans in Maharashtra at 16.32% till June 2022: official data
Nearly ₹5,000 crore of loans or 16.32% of total banking assets in Maharashtra under the Pradhan Mantri MUDRA Yojana to assist small businesses are unpaid as of June 2022, according to official data.
Parbhani district in the backward Marathwada region of Maharashtra has the highest non-performing assets (NPA) at 60.54%, according to data released at the Bankers Committee meeting at the level of the Banks. State held in Aurangabad on Monday.
The statistics illustrate the magnitude of the blow taken by the banks in connection with these loans.
The Pradhan Mantri MUDRA Yojana was launched in April 2015 to provide loans to non-corporate and non-agricultural small/micro enterprises.
Since the introduction of the scheme, many experts including former RBI Governor Raghuram Rajan had warned of the possibility of high NPAs under the scheme.
According to the data, ₹30,019 crore was borrowed under MUDRA scheme in June 2022 by over 52 lakh borrowers in Maharashtra. Of this amount, ₹4,898 crore taken by 6.19 lakh borrowers was classified as NPA.
The outstanding loan amount in Parbhani district is ₹759 crore, of which ₹459 crore constitutes the NPA, he said. Parbhani is followed by Hingoli having NPAs of 33.31% with ₹111 crore in outstanding loans, according to the data.
The third highest MUDRA NPA is in Mumbai with 29.97% and the outstanding amount is ₹248 crore, according to the data.
A dozen state-run banks account for a majority of ₹4,031 crore out of all ₹4,898 crore in sour loans, he said. NPAs of private sector banks stood at ₹435 crore. Two regional rural banks have ₹325 crore NPA and eight smaller financial banks have ₹104 crore NPA under the scheme, according to the data.
September 07, 2022