'PMMY benefits yet to reach last mile borrower'
Major financing under the Pradhan Mantri MUDRA Yojana (PMMY) "has been done to existing borrowers and is yet to reach the last mile borrower", the Confederation of All India Traders said. The initiative was launched in 2015 to provide funding to the non-corporate business sector. So far, over ₹1 lakh crore of loans have been disbursed under the scheme.