Banks sanction Rs 4,930 crore under ‘Tarun Plus’ cover of Mudra Yojana
New Delhi, Aug 6 (UNI) Banks have sanctioned more than Rs 4,930 crore to 34,697 borrowers under the ‘Tarun Plus’ category of Pradhan Mantri MUDRA Yojana (PMMY) as of June 2025.
This category was announced in the Union Budget 2024-25 for loans above Rs 10 lakh and upto Rs 20 lakh targeting the borrowers who have successfully repaid their earlier ‘Tarun’ category loans.
Nirmala Sitharaman, Union Minister for Finance, said in a written reply in Rajya Sabha yesterday: “With a view to incentivising successful borrowers under the Pradhan Mantri MUDRA Yojana (PMMY), a new category of Mudra loans namely ‘Tarun Plus’ was introduced in 2024-25 for those borrowers who have successfully repaid their Mudra loan under the Tarun Category.”
“As per PMMY guidelines, 34,697 loan accounts amounting to more than Rs 4,930 crore, as on June 2025, have been sanctioned under this newly introduced category.” Finance Minister said in her reply to Congress MP Randeep Surjewala.
In her reply to another question, the Finance Minister highlighted the efforts made under the Pradhan Mantri Jan Dhan Yojana (PMJDY), which was launched in August 2014 under the National Mission on Financial Inclusion.
“ To give impetus to financial inclusion initiatives of the government, PMJDY was extended beyond August 14, 2018, by making the scheme more attractive,” Sitharaman added.
The Minister also highlighted that Scheduled Commercial Banks, including the Private Sector Banks, have been continuously working to promote the PMJDY scheme at the grassroots levels.
She also pointed towards the presence of a review mechanism to continuously monitor the implementation and effectiveness of schemes with banks and relevant stakeholders.
Pradhan Mantri Jan-Dhan Yojana (PMJDY) scheme aims to promote financial inclusion by ensuring access to financial services, namely, Banking/Savings & Deposit Accounts, Remittance, Credit, Insurance, and Pension affordably.
