April 08, New Delhi: The Pradhan Mantri MUDRA Yojana (PMMY), launched on April 8, 2015, has completed 11 years of empowering micro-enterprises and promoting financial inclusion. Over this period, PMMY has disbursed more than ₹40.07 lakh crore through over 57 crore loans, across four categories: Shishu, Kishor, Tarun, and Tarun Plus. Collateral-free loans up to ₹20 lakh are available for activities spanning manufacturing, trading, services, and allied agricultural sectors.
The scheme has significantly strengthened women-led enterprises, with about 60% of accounts held by women, and supported new entrepreneurs, accounting for 21% of accounts in FY 2024–25. It has also formalized micro-businesses, integrating them into the financial system.
PMMY operates via a three-tier framework: MUDRA Ltd., Member Lending Institutions (MLIs), and beneficiaries, ensuring last-mile credit delivery. Loans cover business operations, working capital, equipment finance, transport vehicles, and agri-allied activities.
Success stories illustrate PMMY’s transformative impact:
Poonam Kumari (Bihar) launched a seed trading business with an ₹8 lakh loan, earning ₹60,000 monthly.
Mudassir Naqshbandi (Baramulla, Kashmir) built a bakery employing 42 people, embracing digital payments via UPI.
Lavkush Mehra (Bhopal) expanded his pharmaceutical business from ₹12 lakh to over ₹50 lakh turnover.
The PMMY ecosystem, strengthened by digital platforms like JanSamarth and guarantee schemes like CGFMU, ensures efficient, transparent, and inclusive credit delivery.
The scheme continues to drive inclusive growth, supporting micro-entrepreneurs to transform small ventures into sustainable, scalable businesses, while deepening financial inclusion across India.
Source: PIB
