Pradhan Mantri MUDRA Yojana Disburses Over ₹40 Lakh Crore in Loans
Pradhan Mantri MUDRA Yojana offered loans amounting to Rs 40.07 lakh crore so far
Business Standard
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The Pradhan Mantri MUDRA Yojana (PMMY) has provided more than ₹40.07 lakh crore in loans over the past 11 years, facilitating financial inclusion and micro-enterprise growth in India. The scheme offers four loan categories to support various income-generating activities.
- 01PMMY has disbursed loans totaling ₹40.07 lakh crore.
- 02The scheme has issued over 57 crore loans.
- 03It includes four loan categories: Shishu, Kishor, Tarun, and TarunPlus.
- 04PMMY promotes financial inclusion and micro-enterprise development.
- 05The program has evolved into a technology-driven lending framework.
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The Pradhan Mantri MUDRA Yojana (PMMY), launched to enhance financial inclusion and support micro-enterprises in India, has successfully disbursed loans exceeding ₹40.07 lakh crore over the past 11 years. With more than 57 crore loans issued, PMMY offers four distinct categories: Shishu, Kishor, Tarun, and TarunPlus, catering to various income-generating activities. The initiative has transformed into a technology-driven and sustainable lending framework, empowering individuals and fostering entrepreneurship across the country. By providing easy access to credit, PMMY plays a crucial role in promoting employment and enhancing the livelihoods of millions.
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The PMMY enables individuals to access credit easily, which can lead to increased income and job creation in local communities.
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