News > NPAs under PM scheme rise by 71 per cent in a year in Gujarat

NPAs under PM scheme rise by 71 per cent in a year in Gujarat

There has been a 71 percent jump in the number of loan accounts that have turned Non-Performing Assets (NPA) under the Pradhan Mantri MUDRA Yojana (PMMY) in Gujarat in the past one year.

Bankers cite “poor repayment ability” due to factors influenced by Covid as the reason for rising bad debts under this flagship scheme of the Government of India.