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PM MUDRA Yojana Crosses Rs 40 Lakh Crore, Empowering 57.79 Crore Loans

The Pradhan Mantri MUDRA Yojana has disbursed over Rs 40 lakh crore through more than 57 crore loans since its launch in 2015. Finance Minister Nirmala Sitharaman highlighted its role in transforming credit access for micro-entrepreneurs previously excluded from formal banking. A significant majority of the beneficiaries are women and marginalized communities, promoting widespread financial inclusion. The scheme operates through four categories based on loan size to support businesses at different growth stages.

Key Points: PM MUDRA Yojana Disburses Rs 40 Lakh Crore in 11 Years

  • Over Rs 40 lakh crore disbursed via 57.79 crore loans
  • Nearly two-thirds of loans went to women entrepreneurs
  • Scheme offers collateral-free loans up to Rs 20 lakh
  • Part of financial inclusion to fund the unfunded
2 min read

PMMY disburses over Rs 40 lakh crore via 57.79 crore loans

Over 57 crore loans worth Rs 40 lakh crore disbursed under PM MUDRA Yojana, boosting MSMEs and women entrepreneurs. Key details inside.

"In the last decade, India has witnessed a silent transformation where crores of ordinary citizens stepped into entrepreneurship with newfound confidence. - Nirmala Sitharaman"

New Delhi, April 8

The Pradhan Mantri MUDRA Yojana has disbursed over Rs 40 lakh crore through 57.79 crore loans, marking 11 years of its implementation, the government said on Wednesday.

The Ministry of Finance stated that the scheme which was launched by Prime Minister Narendra Modi in 2015, aimed at "funding the unfunded", provides collateral-free loans of up to Rs 20 lakh to micro and small non-corporate, non-farm enterprises.

Highlighting the progress, Finance Minister Nirmala Sitharaman said the scheme has played a key role in reshaping the credit landscape for MSMEs and individual entrepreneurs who were earlier excluded from the formal banking system.

"In the last decade, India has witnessed a silent transformation where crores of ordinary citizens stepped into entrepreneurship with newfound confidence," she said.

She added that nearly two-thirds of the loans have been sanctioned to women entrepreneurs, while about one-fifth were extended to first-time entrepreneurs.

According to official data, around 12.15 crore loans worth about Rs 12 lakh crore have been extended to new entrepreneurs under the scheme.

Minister of State for Finance Pankaj Chaudhary said PMMY has emerged as a significant initiative for promoting micro-entrepreneurship and advancing financial inclusion. He noted that the scheme has created self-employment opportunities, particularly for marginalised sections, including Scheduled Castes, Scheduled Tribes and Other Backward Classes, who account for around 51 per cent of beneficiaries, and women, who account for 67 per cent.

The scheme operates under four categories -- Shishu (loans up to Rs 50,000), Kishor (Rs 50,000 to Rs 5 lakh), Tarun (Rs 5 lakh to Rs 10 lakh) and Tarun Plus (Rs 10 lakh to Rs 20 lakh) -- depending on the stage of growth and funding needs of borrowers.

Loans under PMMY cover term financing and working capital requirements across manufacturing, trading and service sectors, including allied agricultural activities.

The scheme is part of the broader financial inclusion framework built on three pillars, banking the unbanked, securing the unsecured and funding the unfunded, aimed at bringing underserved sections into the formal financial system.

The government said PMMY will continue to support entrepreneurs and contribute to the vision of a 'Viksit Bharat' by 2047.

- IANS

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Reader Comments

R
Rohit P
The numbers are impressive, no doubt. 57 crore loans is a massive achievement. But the real test is on the ground. Are these loans truly reaching the smallest vendors and artisans in remote areas? I hope the focus remains on the 'unfunded' and not just becomes another target for banks to meet.
A
Aman W
My chai tapri would still be a dream without MUDRA. Took a Kishor loan to buy a proper fridge and a second stove. Now I employ two boys from my village. This is what 'Atmanirbhar Bharat' looks like on the street corner. Jai Hind!
S
Sarah B
As someone working in development finance, the scale of this is remarkable. Disbursing to 67% women entrepreneurs is a fantastic statistic for gender inclusion. The layered categories (Shishu, Kishor, etc.) show good design thinking for different growth stages.
K
Karthik V
Good initiative, but repayment rates and the actual success rate of these micro-enterprises need more transparency. We celebrate the disbursal, which is important, but sustainable entrepreneurship requires more than just a loan—it needs market linkage and skill training too.
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Neha E
My mother, who never had a bank account, now runs a small pickle business because of this yojana. Seeing 51% beneficiaries from SC/ST/OBC communities gives me hope. It's not just about money; it's about dignity and self-respect. 🇮🇳

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