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their institutions. To avoid the manipulation of
response, due to fear of actions, the respondents
were given a choice to stay anonymous during the

survey, so that the responses are truthful. The
analysis of their responses are shared below.

Figure No. 30 - Security provision

68.83%
58.60%
54.89%
45.11%
41.40%
31.17%

It was found that while majority of the lenders do
not insist on collaterals, few of them i.e. 31.17%

reported that they do insist on the collaterals or
security (Figure No. 30). This is against the basic
objective behind the PMMY scheme. While it is
understandable that financial institutions might
be attempting to avoid NPAs which are growing,

but this defeats the purpose for which the scheme
was launched and hence requires intervention.

Similarly, it was reported by majority i.e. 55% of
the respondents that their financial institutions

also insist on personal guarantee (Figure No. 30).
The borrowers come from such background where
it may not be possible for them to provide personal

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