Pradhan Mantri MUDRA Yojana turns 10 years | Fusion - WeRIndia

On April 8, 2025, the Pradhan Mantri MUDRA Yojana (PMMY) completes ten years of driving self-employment and financial inclusion across India.

The scheme was launched in April 2015. It provides collateral-free loans up to ₹10 lakh.

The loans are for small and micro businesses. These businesses are outside the corporate and farming sectors. The scheme helps support entrepreneurs.

Over the past decade, PMMY has transformed the landscape of micro-entrepreneurship.

The scheme caters to diverse industries, from manufacturing and trading to services, along with allied agriculture activities like dairy and poultry.

It has given millions the financial push needed to launch or expand their ventures.

According to a press release from the Press Information Bureau (PIB), more than 52 crore loans worth ₹32.61 lakh crore have been sanctioned under the scheme so far.

Notably, 68% of the beneficiaries are women, showcasing PMMY’s role in promoting women-led enterprises and economic independence.

Among the Indian states, Tamil Nadu leads in loan disbursement, with ₹3.23 lakh crore sanctioned.

Uttar Pradesh follows with ₹3.14 lakh crore, and Karnataka ranks third with ₹3.02 lakh crore.

West Bengal and Bihar have also seen high disbursement figures of ₹2.82 lakh crore and ₹2.81 lakh crore, respectively. Maharashtra, with ₹2.74 lakh crore, stands sixth.

Interestingly, Jammu and Kashmir tops the list among Union Territories, recording disbursements of ₹45,815.92 crore through over 21 lakh accounts, highlighting the reach of the scheme in remote and underserved regions.

Through PMMY, the government has effectively democratized access to credit, especially for small-scale entrepreneurs who often struggle to meet conventional banking requirements.

It has played a key role in boosting grassroots economic activities, generating employment, and encouraging first-time borrowers.

As the scheme enters its second decade, its impact stands as a strong example of inclusive financial policy, empowering millions to build sustainable livelihoods and dream bigger.

Image from Pxhere (Free for commercial use / CC0 Public Domain)

Image Published on March 09, 2017

Image Reference: https://pxhere.com/en/photo/1061421