April 7, 2025 10:04 PM

PM MUDRA Yojana completes 10 years; over ₹32.6 lakh crore loans sanctioned since 2015

India on Tuesday completes a decade since the launch of the Pradhan Mantri Mudra Yojana (PMMY), the flagship credit support initiative aimed at providing institutional finance to non-corporate, non-farm micro and small enterprises. Since its launch on April 8, 2015, the scheme has sanctioned more than 52 crore loans worth ₹32.61 lakh crore, according to official data. The average loan size has grown from ₹38,000 in FY16 to ₹1.02 lakh in FY25, reflecting increased demand for higher-value l...