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    <title>3.22 lakh crore sanctioned under PMMY against target of 3.50 lakh crore in FY 2020-21</title>
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    <description>Pradhan Mantri Mudra Yojana (PMMY) experienced a target shortfall in FY 2020-21 attributed to the pandemic; the scheme channels institutional credit via over 150 Member Lending Institutions that set State wise targets, and cumulative loan sanctions since April 2015 are reported on the Mudra portal. Government measures to enhance implementation include online application portals, digital lending by some public banks, publicity, simplified forms, nomination of Mudra Nodal Officers, and periodic monitoring, while banks remain bound by RBI customer confidentiality obligations.</description>
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