In a remarkable push towards inclusive financial empowerment, the Pradhan Mantri MUDRA Yojana (PMMY) has sanctioned over ₹33.65 lakh crore in loans to more than 52.5 crore small and micro-entrepreneurs over the last eleven years — more than the combined population of the USA, Russia, and Australia.
Launched in 2015 by Prime Minister Narendra Modi with the vision of “Funding the Unfunded,” PMMY has become a game-changer for first-time entrepreneurs, especially from marginalized communities. Of the total sanctioned loans, ₹11.58 lakh crore has been extended to Scheduled Castes, Scheduled Tribes, and OBCs, underscoring the government’s commitment to “Sabka Saath, Sabka Vikas, Sabka Vishwas, Sabka Prayaas.”
Women have emerged as the biggest beneficiaries, receiving 68% of the total MUDRA loans—over 35.38 crore loans worth ₹14.72 lakh crore—boosting their participation in the national economy and fostering a new generation of female entrepreneurs.
PMMY offers collateral-free loans under four categories:
Shishu (up to ₹50,000),
Kishor (₹50,000 to ₹5 lakh),
Tarun (₹5 lakh to ₹10 lakh), and the newly introduced
Tarun Plus (₹10 lakh to ₹20 lakh), supporting businesses at various growth stages.
As India continues to strengthen its MSME sector, PMMY remains a key pillar in promoting self-reliance and entrepreneurship across every strata of society.
