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Key Facts10 Years of PM Mudra Yojana: Key Achievements and Insights
Apr 8, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: financialexpress.com
  • The Pradhan Mantri Mudra Yojana (PMMY) has disbursed over Rs 33 lakh crore in collateral-free loans over the past 10 years to support small businesses in India.

  • Prime Minister Modi emphasized that 68% of loans have gone to women, with 50% of accounts held by SC, ST, and OBC communities, highlighting the scheme's inclusivity.

  • Loans are provided through a network of financial institutions, with interest rates varying based on the borrower's profile.

  • There is a growing demand for higher loan amounts, with the average loan size increasing from Rs 38,000 to Rs 1.02 lakh between FY16 and FY25.
  • Mudra Yojana has given opportunities to countless people to showcase their entrepreneurial skills. Interacted with some of the beneficiaries of the scheme. Their journey is inspiring.
    — Narendra Modi, during the 10th anniversary celebration of the Pradhan Mantri Mudra Yojana.