Over 6 core 23 lakh loans have been sanctioned under Pradhan Mantri MUDRA Yojana (PMMY) in Financial Year 2022-23. In a written reply to a question in the Lok Sabha,  Union Minister for State for Finance Dr Bhagwat Kisanrao Karad said that the objective of PMMY is to provide access to institutional finance to new or existing micro units or enterprises up to  10 lakh rupees. He added that the complaints with regard to the implementation of PMMY are redressed in consultation with the respective Banks. The complaints received at the Centralised Public Grievance Redress and Monitoring System are also being taken up with respective Banks for redressal within the prescribed timeline.