Pradhan Mantri MUDRA Yojana Completes 11 Years of Empowering Small and Micro Entrepreneurs
On April 8, 2026, the Pradhan Mantri MUDRA Yojana (PMMY), a transformative initiative of the Government of India (GoI) designed to empower grassroots entrepreneurs across India, completed 11 years.
On April 8, 2026, the Pradhan Mantri MUDRA Yojana (PMMY), a transformative initiative of the Government of India (GoI) designed to empower grassroots entrepreneurs across India, completed 11 years.
- Since its inception in 2015, the scheme has disbursed over Rs 40.07 lakh crore through 57.79 crore loans, making it one of the world’s largest financial inclusion initiatives.
About Pradhan Mantri MUDRA Yojana (PMMY):
Background: PMMY was launched on 8 April 2015 by Prime Minister (PM) Narendra Modi in New Delhi, Delhi, to provide easy, collateral-free micro-credit of up to Rs 10 lakh to non-farm small and micro-entrepreneurs for income-generating activities.
Sponsored Advertisement
- Under the scheme, MUDRA loans have been categorized into four different segments namely, Shishu, Kishore, Tarun, and Tarun Plus, based on loan size
Implemented by: The scheme is being implemented by the Department of Financial Services (DFS), which works under the Ministry of Finance (MoF).
Key Accomplishments: As per the GoI data, two-thirds (approximately 66.66%)of the loans have been sanctioned to women entrepreneurs.
- The GoI further revealed that women borrowers accounted for nearly 60% of the total loan accounts, with a total share of 37.45% of the total loan amount disbursed.
- Nearly 1/5th ( i.e. 12.15 crore loans) of all the loans were extended to first-time entrepreneurs, amounting to Rs 12 lakh crore (30.09% share of the total disbursed amount).
No comments yet. Be the first!