Expert Committee Submits its Report on Determining Methodology for Fixing National Minimum Wage, Ministry of Labour and Employment Click here

Pradhan Mantri MUDRA Yojana (PMMY)

From Arthapedia
(Difference between revisions)
Jump to: navigation, search
Line 1: Line 1:
The Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Union Government on April 8, 2015 for providing loans upto Rs. 10 lakh (around US$15,000) to the non-corporate, non-farm small/micro enterprises. Under PMMY, all banks viz. Public Sector banks, Private Sector Banks, [http://arthapedia.in/index.php?title=Regional_Rural_Banks Regional Rural Banks] (RRBs), State Co-operative Banks, Urban Co-operative Banks, Foreign Banks and Non-Banking Finance Companies (NBFCs)/ [http://arthapedia.in/index.php?title=Micro-finance Micro Finance] Institutions (MFIs) - are required to lend to non-farm sector income generating activities below Rs.10 lakh. These loans are classified as ''MUDRA loans'' under PMMY.
+
<p>National Forestry Information System (NFIS) is an open web-based information system in India on forestry activities, which is being set up by the Government.</p>
  
 +
<p>The NFIS creates relevant data, by taking inputs  from satellite imageries, [https://en.wikipedia.org/wiki/Geographic_information_system Geographical  Information Systems] (GIS) and well-designed ground surveys, an  approach used by [http://fsi.nic.in/ Forest  Survey of India] (FSI) in its core activities, for monitoring  the implementation of various country-wide afforestation programmes/ schemes  like [http://arthapedia.in/index.php?title=Green_India_Mission_(GIM) Green  India Mission] (GIM), [http://arthapedia.in/index.php?title=Compensatory_Afforestation Compensatory  Afforestation]  and [http://envfor.nic.in/naeb/sch/NAP_glance.htm National  Afforestation Programme] (NAP), which involve sizeable financial  expenditure. NFIS is an information technology driven system, which is to be  used as an aid for monitoring [http://arthapedia.in/index.php?title=Central_Sector_and_Centrally_Sponsored_Schemes Centrally  Sponsored Schemes] (CSSs) in forestry sector, and will manage a  wide range of spatial and non-spatial data. It will also be useful for  validation and dissemination of forestry statistics required for satisfying  international and national commitments. Thus, in addition to the prime  objective of monitoring centrally sponsored schemes in the forestry sector, it  also aims at collecting, compiling and disseminating information on the  production, consumption, export and import of forestry products including timber, [http://arthapedia.in/index.php?title=Minor_Forest_Produce_(MFP) non-timber  forest products], etc.</p>
  
For implementing the Scheme, government has set up a new institution named, [http://arthapedia.in/index.php?title=Micro_Units_Development_Refinance_Agency_(MUDRA)_Bank MUDRA (Micro Units Development & Refinance Agency Ltd.)], for development and refinancing activities relating to micro units, in addition to acting as a regulator for the micro finance sector, in general. MUDRA provides refinance to all banks seeking refinancing of small business loans given under PMMY. Thus, MUDRA refinances all Last Mile Financiers - Non-Banking Finance Companies of various types engaged in financing of small business, Societies, Trusts, [http://arthapedia.in/index.php?title=Section_25_Company Section 8 Companies] [formerly section 25], Co-operative Societies, Small Banks, Scheduled Commercial Banks and [http://arthapedia.in/index.php?title=Regional_Rural_Banks Regional Rural Banks] - which are in the business of lending to Micro/Small business entities engaged in manufacturing, trading and services activities.
+
<p>On 20.09.2012, [http://efc.planningcommission.nic.in/ Expenditure Finance Commission] (EFC)  approved the following activities to be undertaken by NFIS. </p>
  
 +
<p>NFIS is different from the [http://arthapedia.in/index.php?title=Environment_Information_System_(ENVIS) Environment  Information System] (ENVIS) which is already in existence. Works on  the NFIS started since 2005 and a pilot study has been completed as on date. </p>
  
PMMY was announced through [http://indiabudget.nic.in/bspeecha.asp Union Budget 2015-16], which proposed to create MUDRA bank with a corpus of Rs. 20,000 crore made available from the shortfalls of priority sector lending, to refinance Micro-Finance Institutions through Pradhan Mantri Mudra Yojana. Further, budget supported a credit guarantee corpus of Rs.3,000 crore for guaranteeing loans being provided to the micro enterprises.
+
<p>
 +
*Data Collection for Monitoring of Plantations.<br />
 +
    *Strengthening of Geometrics Cell in zonal offices of  Forest Survey of India (FSI).<br />
 +
    *Creation of Centre of East Zone Office at Guwahati.<br />
 +
    *Creation of Research &amp; Development Unit at FSI.<br />
 +
    *Monitoring of incremental Carbon Stock of India&rsquo;s  Forests.<br />
 +
  *National Forestry  Database Management System (NFDMS) for monitoring of CSSs.<br />
 +
    </p>
 +
   
 +
<p>In prior  discussions on the matter, NFIS was known as National Forestry Database  Management System (NFDMS). </P>
 +
<br />
 +
<p>'''Background'''</P>
  
 +
<p>India is a member of the [http://www.itto.int/ International  Tropical Timber Organization] (ITTO) wherein various  demand and supply, production and consumption data regarding timber and fuel  wood etc. are required to be submitted on annual basis in prescribed formats.  Besides fulfilling international commitments,  the collection, compilation, validation and dissemination of forestry  statistics is urgently required for satisfying commitments towards Central  Statistical Organization&rsquo;s (CSO) data efforts. This makes it highly essential  that the entire forest statistical system is carefully reviewed and researched while  the reporting capacity is re-enforced in an appropriate manner.</p>
  
'''Target Beneficiaries'''
+
<p>The production, consumption, trade and movement  of wood and [http://arthapedia.in/index.php?title=Minor_Forest_Produce_(MFP) non-wood  forest produce] both within and outside Government-owned  forests contributes substantially to the national economy / GDP, though no real  term data exist on its quantum. Establishing linkages with other all-India  data, such as National Census, National Sample Surveys (NSS) and export and import  databases, etc. are also essential to strengthen the socio-economic dimensions  of forest statistics.</p>
  
The purpose of PMMY is to provide funding to the non-corporate small business sector. Non- Corporate Small Business Segment (NCSBS) consists of millions of proprietorship/ partnership firms running as small manufacturing units, service sector units, shopkeepers, fruits/ vegetable vendors, truck operators, food-service units, repair shops, machine operators, small industries, artisans, food processors and others, in [http://arthapedia.in/index.php?title=Rural rural] and [http://arthapedia.in/index.php?title=Urban urban] areas.One of the biggest hurdles to the growth of entrepreneurship in the Non-Corporate Small Business Sector (NCSBS) is lack of financial support to this sector and a vast majority belonging to this sector do not have access to formal sources of finance. According to the NSSO Survey of 2013, there are 5.77 crore small business units, mostly proprietorship, which run small manufacturing, trading or service activities.
+
<p>Maintenance of proper statistics and records is inevitable also for the management of forests on a sustainable basis.</p>
  
 +
<p>Presently, forestry related data is disseminated  through [http://www.icfre.org/ Indian  Council of Forestry Research and Education&nbsp;(ICFRE)].  ICFRE&rsquo;s [http://www.icfre.org/UserFiles/File/Institute-ICFRE/2013/Stat/Forestry-stat-07Mar13.htm &lsquo;Forest  Statistics in India&rsquo;] presents data in seven sections dealing with  Forest Resource, Establishment, Production, Wildlife, Social and Economic  Aspects, Trade and [http://www.forestry.gov.uk/fr/infd-6v4bgp Silviculture].</p>
  
'''Loan offerings under PMMY'''
+
<p>However, many of the items published in [http://www.icfre.org/UserFiles/File/Institute-ICFRE/2013/Stat/Forestry-stat-07Mar13.htm &lsquo;Forest  Statistics in India&rsquo;] are not reported/ available.  Further, many State Forest Departments and  UTs are either not submitting the data or the same is not in proper form/  prescribed formats. As a result, the national picture on many parameters of  forestry remains unclear. Moreover, the contribution of forestry products viz.,  timber, poles, fuel-wood, and [http://arthapedia.in/index.php?title=Minor_Forest_Produce_(MFP) non-timber  forest products] (NTFPs), including medicinal plants, to GDP  remain unreported.  Development of a  National Forestry Information System (NFIS) could address such concerns.</p>
  
Under the aegis of PMMY, the MUDRA has already created its initial set of products/ schemes. The interventions have been named ‘Shishu’ (meaning infant), ‘Kishor’ (meaning child) and ‘Tarun’ (meaning adolescent) to signify the state of growth/development and funding needs of the beneficiary micro unit/entrepreneur and also provide a reference point for the next phase of graduation / growth to look forward to:
+
<p>It was felt necessary, therefore, to develop an appropriate database regarding forestry products. The Ministry of Environment, Forest & Climate Change constituted an Expert/ Advisory/ Working Group on 26.05.2005 with the aim of supporting the implementation of an integrated '''National Forestry Database Management System''' (NFDMS) in a comprehensive manner including strengthening of technological, institutional and human capabilities to ensure continuing and effective dissemination and use of forest statistics. Since preparation of a ‘blue print’ towards its development is a pre-requisite for development of software and necessary data networking, the Expert Group recommended to carry out an (a) Information Need Analysis (INA) to identify parameters required for fulfilling both National and International commitments, (b) Functional Requirement Study (FRS) of the States/Union Territories to understand why States/ Union Territories are either not submitting forest statistics or submitting them incompletely, and (c) to conduct necessary interactions with States/ UTs in smaller groups to address problems and identify region-specific parameters for necessary data collection, compilation and dissemination.</p>
  
*'''Shishu:''' covering loans upto Rs. 50,000/- provided with no collateral, @1% rate of interest/month repayable over a period of 5 years
+
<p>On 20.09.2012, [http://efc.planningcommission.nic.in/ Expenditure Finance Commission] (EFC) approved the activities to be undertaken by NFIS. A pilot study to establish the methodology for monitoring of relevant centrally sponsored schemes has been completed in  2014-15.</p>
*'''Kishor:''' covering loans above Rs.50,000/- and upto Rs. 5 lakh
+
*'''Tarun:''' covering loans above Rs. 5 lakh to Rs. 10 lakh
+
  
 
+
<p>==Reference== <br>
'''How to avail of PMMY?'''
+
* Forest Survey of India (FSI)<br />
 
+
* Outcome Budget 2015-16 of M/o EF&CC
The borrower who wishes to avail of loan under PMMY may approach any of the Public/Private Sector Commercial Bank, RRB or Co-operative Bank branches in his/her area with a proper business idea and loan application. After due processing of loan application, the lending institution will sanction the loan. The borrower has to execute loan documents and complete other formalities as per the requirement of the lending institution. Thereafter, the loan will be released to undertake small business activities/micro enterprises.
+
<br></p>
 
+
<p>==Contributed by==<br>
To begin with, MUDRA has enrolled 27 Public Sector Banks, 17 private sector banks, 27 Regional Rural banks and 25 Micro Finance Institutions as partner institutions for channelizing assistance to the ultimate borrower. MUDRA has identified 97 Nodal officers at various Small Indusries Development Bank of India ([http://www.sidbi.com/ SIDBI]) Regional offices/Branch offices to act as “first contact persons” for MUDRA.
+
* [http://www.ies.gov.in/myaccount-profile-view.php?memid=399 Surjith K., IES(2010)]<br>
 
+
*Email- [mailto:surjithk@yahoo.co.in surjithk@yahoo.co.in] <br />
 
+
  [[Category:concepts|NationalForestryInformationSystem(NFIS) ]]<br>
'''Approach of PMMY'''
+
</p>
 
+
A minimum of 60% of support would flow to enterprises in the smallest segment.Partner intermediaries of MUDRA Bank have to endeavour to adhere to the following broad framework :
+
 
+
* First time entrepreneurs, youth entrepreneurs (i.e. entrepreneurs aged upto 30 years) and women entrepreneurs shall be encouraged and special schemes shall be designed for such entrepreneurs.
+
* Emphasis shall be on cash flow based lending and not security based lending. Collateral securities, etc. shall be avoided.
+
* Repayment obligations shall be flexible and shall be framed keeping in view the business cash flows of the entrepreneur.
+
 
+
More details may be seen from the [http://www.mudra.org.in/faq.php FAQ of MUDRA].
+
 
+
'''Data'''
+
On [http://pib.nic.in/newsite/erelease.aspx?relid=0 6 November 2015] Hon'ble Prime Minister stated that under the Pradhan Mantri Mudra Yojana banks have provided more than six million loans to small businesses for a total value of nearly Rs 38,000 crores or six billion dollars. If one conservatively estimates that each loan creates 2 jobs it has led to the creation of 12 million new jobs by 6 November 2015. State wise disbursement under the scheme may be seen [http://www.mudra.org.in/pmmy-report.php here].
+
 
+
 
+
==Also See==
+
 
+
 
+
[http://arthapedia.in/index.php?title=Micro_Units_Development_Refinance_Agency_(MUDRA)_Bank Micro Units Development Refinance Agency (MUDRA) Bank]
+
 
+
 
+
==Reference==
+
[http://www.mudra.org.in www.mudra.org.in]
+
 
+
 
+
==Contributed by==
+
* [http://ies.gov.in/myaccount-profile-view.php?memid=316 Ms. Gayatri Nair (IES 2004)]
+
[[Category:concepts|PradhanMantriMUDRAYojana(PMMY) ]]
+

Revision as of 11:22, 10 November 2015

National Forestry Information System (NFIS) is an open web-based information system in India on forestry activities, which is being set up by the Government.

The NFIS creates relevant data, by taking inputs from satellite imageries, Geographical Information Systems (GIS) and well-designed ground surveys, an approach used by Forest Survey of India (FSI) in its core activities, for monitoring the implementation of various country-wide afforestation programmes/ schemes like Green India Mission (GIM), Compensatory Afforestation  and National Afforestation Programme (NAP), which involve sizeable financial expenditure. NFIS is an information technology driven system, which is to be used as an aid for monitoring Centrally Sponsored Schemes (CSSs) in forestry sector, and will manage a wide range of spatial and non-spatial data. It will also be useful for validation and dissemination of forestry statistics required for satisfying international and national commitments. Thus, in addition to the prime objective of monitoring centrally sponsored schemes in the forestry sector, it also aims at collecting, compiling and disseminating information on the production, consumption, export and import of forestry products including timber, non-timber forest products, etc.

On 20.09.2012, Expenditure Finance Commission (EFC) approved the following activities to be undertaken by NFIS.

NFIS is different from the Environment Information System (ENVIS) which is already in existence. Works on the NFIS started since 2005 and a pilot study has been completed as on date.

*Data Collection for Monitoring of Plantations.
*Strengthening of Geometrics Cell in zonal offices of Forest Survey of India (FSI).
*Creation of Centre of East Zone Office at Guwahati.
*Creation of Research & Development Unit at FSI.
*Monitoring of incremental Carbon Stock of India’s Forests.
*National Forestry Database Management System (NFDMS) for monitoring of CSSs.

In prior discussions on the matter, NFIS was known as National Forestry Database Management System (NFDMS).


Background

India is a member of the International Tropical Timber Organization (ITTO) wherein various demand and supply, production and consumption data regarding timber and fuel wood etc. are required to be submitted on annual basis in prescribed formats.  Besides fulfilling international commitments, the collection, compilation, validation and dissemination of forestry statistics is urgently required for satisfying commitments towards Central Statistical Organization’s (CSO) data efforts. This makes it highly essential that the entire forest statistical system is carefully reviewed and researched while the reporting capacity is re-enforced in an appropriate manner.

The production, consumption, trade and movement of wood and non-wood forest produce both within and outside Government-owned forests contributes substantially to the national economy / GDP, though no real term data exist on its quantum. Establishing linkages with other all-India data, such as National Census, National Sample Surveys (NSS) and export and import databases, etc. are also essential to strengthen the socio-economic dimensions of forest statistics.

Maintenance of proper statistics and records is inevitable also for the management of forests on a sustainable basis.

Presently, forestry related data is disseminated through Indian Council of Forestry Research and Education (ICFRE). ICFRE’s ‘Forest Statistics in India’ presents data in seven sections dealing with Forest Resource, Establishment, Production, Wildlife, Social and Economic Aspects, Trade and Silviculture.

However, many of the items published in ‘Forest Statistics in India’ are not reported/ available.  Further, many State Forest Departments and UTs are either not submitting the data or the same is not in proper form/ prescribed formats. As a result, the national picture on many parameters of forestry remains unclear. Moreover, the contribution of forestry products viz., timber, poles, fuel-wood, and non-timber forest products (NTFPs), including medicinal plants, to GDP remain unreported.  Development of a National Forestry Information System (NFIS) could address such concerns.

It was felt necessary, therefore, to develop an appropriate database regarding forestry products. The Ministry of Environment, Forest & Climate Change constituted an Expert/ Advisory/ Working Group on 26.05.2005 with the aim of supporting the implementation of an integrated National Forestry Database Management System (NFDMS) in a comprehensive manner including strengthening of technological, institutional and human capabilities to ensure continuing and effective dissemination and use of forest statistics. Since preparation of a ‘blue print’ towards its development is a pre-requisite for development of software and necessary data networking, the Expert Group recommended to carry out an (a) Information Need Analysis (INA) to identify parameters required for fulfilling both National and International commitments, (b) Functional Requirement Study (FRS) of the States/Union Territories to understand why States/ Union Territories are either not submitting forest statistics or submitting them incompletely, and (c) to conduct necessary interactions with States/ UTs in smaller groups to address problems and identify region-specific parameters for necessary data collection, compilation and dissemination.

On 20.09.2012, Expenditure Finance Commission (EFC) approved the activities to be undertaken by NFIS. A pilot study to establish the methodology for monitoring of relevant centrally sponsored schemes has been completed in 2014-15.

==Reference==


==Contributed by==

Personal tools
Variants
Actions
Navigation
Concepts
Share Tools
Toolbox
Translate