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PM Mudra Yojana Crosses 52 Crore Loans, Empowers Women & Marginalized

The Pradhan Mantri Mudra Yojana has sanctioned over 52.37 crore loans, disbursing ₹33.65 lakh crore since its 2015 launch. A significant 70% of these loans have been extended to women entrepreneurs, with half going to borrowers from SC, ST, and OBC communities. The scheme's Shishu category (loans up to ₹50,000) constitutes the majority of loans by number. Following a recent budget announcement, the loan limit under the scheme has been increased to ₹20 lakh to further strengthen entrepreneurial support.

Key Points: PM Mudra Scheme: Over 52 Crore Loans Sanctioned Since 2015

  • 52.37 crore loans sanctioned
  • ₹33.65 lakh crore disbursed
  • 70% beneficiaries are women entrepreneurs
  • Loan limit raised to ₹20 lakh
2 min read

PM Mudra scheme: More than 52.37 crore loans sanctioned to date

PM Mudra Yojana sanctions 52.37 crore loans worth ₹33.65 lakh crore, with 70% to women entrepreneurs. New ₹20 lakh limit active.

"Around 70 per cent of loans went to women entrepreneurs - Official Fact-Sheet"

New Delhi, April 1

Pradhan Mantri Mudra Yojana has sanctioned more than 52.37 crore loans disbursing a total of Rs. 33.65 lakh crore since its launch in April 2015, according to an official fact-sheet.

Around 70 per cent of loans went to women entrepreneurs and about 50 per cent to borrowers from Scheduled Caste, Scheduled Tribe and Other Backward Classes, the fact-sheet said.

A category‑wise breakdown of loan sanctions showed that Shishu loans account for 78 per cent of the number of loans and 36 per cent of the amount sanctioned.

Shishu category covers loans in PMMY up to Rs. 50,000. Kishor applies to loans above Rs. 50,000 and up to Rs. 5 lakh, while Tarun category means loans above Rs. 5 lakh and up to Rs. 10 lakh. Kishor loans made up 20 per cent of loans and 40 per cent of the amount disbursed.

Tarun loans accounted for 2 per cent of loans and 24 per cent of the amount disbursed, it noted. Tarun Plus, is designed specifically for those who have successfully repaid loans under the Tarun category, allowing them to access funding between Rs 10 lakh and Rs 20 lakh. Additionally, the Credit Guarantee Fund for Micro Units (CGFMU) will now provide guarantee coverage for these enhanced loans, further reinforcing the government's commitment to nurturing a robust entrepreneurial ecosystem in India.

PMMY was launched for financing income-generating small business enterprises in manufacturing, trading and service sectors, including activities allied to agriculture such as poultry, dairy, beekeeping, etc. Term Loan and Working Capital requirements can both be met.

To strengthen support for aspiring entrepreneurs, the Finance Minister announced an increase in the loan limit to Rs 20 lakh during the Union Budget 2024-25 on July 23, 2024. This new limit took effect on October 24, 2024. These loans are extended through Banks, NBFCs, MFIs, and other financial institutions.

- IANS

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Reader Comments

R
Rohit P
The numbers are impressive, no doubt. But the real test is on the ground. Are people getting these loans without too much paperwork and middlemen? I hope the process is as smooth as the statistics suggest.
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Aman W
The focus on SC/ST/OBC and women is commendable. Financial inclusion is key for real development. The Tarun Plus category for reliable borrowers is a smart move – rewards good repayment behavior.
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Sarah B
As someone who studies development economics, this is a significant scale. 52 crore loans! The breakdown showing most are small Shishu loans makes sense – it's about seeding micro-enterprises. The challenge will be ensuring these businesses survive and grow.
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Vikram M
Good scheme. My chaiwala bhaiya used it to buy a second cart. But banks still favor those with existing connections. Hope the increased limit to 20 lakh helps small manufacturers get proper working capital. Jai Hind!
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Kavya N
While the intent is great, we need parallel support – skill training, market linkages, digital literacy. A loan alone isn't enough. The government should focus on holistic hand-holding for first-time entrepreneurs.
M
Michael C
Interesting data. The credit guarantee fund is crucial to de

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