Over Rs 2.18 lakh crore PM Mudra Yojana sanctioned in Rajasthan
Jaipur, Aug 4
The Pradhan Mantri Mudra Yojana has emerged as a key driver of financial inclusion and economic empowerment in Rajasthan, extending collateral-free institutional credit to small manufacturing units, micro-enterprises and street vendors.
The scheme has enabled more than 2.55 crore beneficiaries across the state to access formal financing.
According to official data, loans worth Rs 2,18,423 crore have been sanctioned to 2,55,91,381 beneficiaries in Rajasthan under the PMMY. Of these, more than 1.54 crore women have received loans amounting to over Rs 67,982 crore, accounting for nearly 60 per cent of all beneficiaries and highlighting the scheme's role in promoting women-led entrepreneurship.
The scheme has continued to witness strong uptake in the current financial year as well. During FY 2025-26, loans worth Rs 31,460 crore have already been sanctioned to more than 23 lakh beneficiaries in Rajasthan.
Replying to an unstarred question in the Lok Sabha, Union Minister of State for Finance Pankaj Chaudhary said the PMMY has played a significant role in providing collateral-free credit to India's non-corporate, non-farm micro and small enterprises.
As of June 2026, loans worth Rs 41.71 lakh crore had been sanctioned to more than 59.14 crore beneficiaries across the country under the scheme.
Launched in 2015, the PMMY provides collateral-free loans of up to Rs 20 lakh to eligible non-corporate small business enterprises. Loans are offered under four categories, Shishu, Kishore, Tarun and Tarun Plus, to cater to businesses at different stages of growth and varying financial requirements.
Over the years, the scheme has evolved into one of the world's largest micro-credit ecosystems by expanding access to formal finance for millions of entrepreneurs.
It has supported a diverse range of economic activities, including manufacturing units, retail shops, fruit and vegetable vendors, truck and taxi operators, food service businesses, machine operators, artisans, food processors, small industries and street vendors.
A substantial proportion of Mudra borrowers belong to the Scheduled Castes (SC), Scheduled Tribes (ST) and Other Backward Classes (OBC). Traditionally, many of these entrepreneurs depended on informal sources of credit such as moneylenders, relatives or friends.
By facilitating access to institutional finance, the Mudra Yojana has reduced reliance on informal lending and strengthened financial inclusion while fostering entrepreneurship and self-reliance.
— IANS
Reader Comments
The 60% women beneficiaries statistic is truly heartening. In Rajasthan, where women's economic participation has historically been low, this scheme has given so many homemakers the courage to start their own ventures. My neighbor started a tailoring shop with just a Shishu loan of Rs 50,000 and now she's earning enough to support her children's education. 🙏
Good scheme but ground reality is different. Many small entrepreneurs in rural areas still face difficulties in getting loans approved due to paperwork and bank manager's discretion. The data looks impressive but we need to ensure the benefits actually reach the poorest of poor, not just those who already have some connections with banks. Just saying.
As someone who works with microfinance institutions in Jaipur, I can confirm the positive impact of Mudra Yojana on reducing dependence on local moneylenders who charge exorbitant interest rates. The earlier default rates were a concern, but the government's focus on financial literacy alongside credit is helping. A step in the right direction!
Very proud to see Rajasthan leading in this! My father was a fruit vendor in Jaipur who always struggled to get bank loans. With Mudra Yojana, he upgraded his cart to a proper stall. The scheme has genuinely changed lives for so many families like ours. 🙌 Jai Rajasthan! 🇮🇳
While the numbers are impressive, we should also question the actual repayment rates and whether these loans are truly helping businesses sustain themselves or just increasing debt burden on some families. In my village, a few people took multiple loans and ended up defaulting. The government should
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