Government has fixed a target of loan disbursement of over 1.22 lakh crore rupees under the Pradhan Mantri MUDRA Yojana, PMMY to small business units during the current fiscal.<br/><br/>A Finance Ministry statement said that the banking sector has been allocated an overall disbursement target of 1 lakh 22 thousand 188 crore rupees during 2015-16 for the MUDRA loans and the banks have already disbursed 15,566 crore rupees as on August 17 to more than 20 lakh borrowers under the PMMY. The statement said, while lending, priority will be given to SCs/STs enterprises.<br/><br/>The PMMY provide loans between 50,000 to 10 lakh rupees to small entrepreneurs. The Micro Units Development and Refinance Agency Ltd, MUDRA, launched by the Prime Minister Narendra Modi in April this year, focuses on the over 5 crore self-employed who use funds of 11 lakh crore rupees and provide jobs to 12 crore people.<br/><br/>