New Delhi: The flagship programme of Prime Minister Narendra Modi – Pradhan Mantri MUDRA Yojana (PMMY) – marks 10 years of its launch on April 8, 2025. The programme was launched with the objective to fund the unfunded micro enterprises and small businesses “that face significant challenges in accessing formal institutional credit”. The loans are dispersed through banks, NBFCs, MFIs, and other financial institutions.
Ever since its launch in April 2015, the Pradhan Mantri Mudra Yojana has sanctioned over 52 crore loans worth Rs 32.61 lakh crore. Under PMMY, eligible candidates are entitled to get collateral-free loans up to Rs 10 lakh for non-corporate and non-farm income-generating activities.
While announcing the Budget 2024-25, the government increased the loan limit to Rs 20 lakh. The new came into effect on October 24, 2024.
Pradhan Mantri MUDRA Yojana Features
MUDRA loans are offered in four categories: ‘Shishu’, ‘Kishor’, ‘Tarun’ and ‘Tarun Plus’.
- Shishu category is designed to cover loans upto Rs 50,000/-
- Kishor covers loans above Rs 50,000/- and up to Rs 5 lakhs
- Tarun: In thai category loans above Rs 5 lakh and up to Rs 10 lakhs are sanctioned
- Tarun Plus: Rs 10 lakh and up to Rs 20 lakhs
Achievements under Pradhan Mantri Mudra Yojana
The women applicants have been given a total of Rs 8.49 lakh crore under Shishu Category, Rs 4.90 lakh crore under Kishor, and Rs 0.85 lakh crore under the Tarun category.
The minority borrowers were sanctioned loans amounting to Rs 1.25 lakh crore under Shishu, Rs 1.32 lakh crore under Kishor, and Rs 0.50 lakh crore under Tarun.
The Shishu category recorded 8.21 crore accounts with a sanctioned amount of Rs 2.24 lakh crore and Rs 2.20 lakh crore disbursed.
The Kishor category registered 2.05 crore accounts through which Rs 4.09 lakh crore was sanctioned and Rs 3.89 lakh crore disbursed.
The Tarun category under Pradhan Mantri Mudra Yojana recorded 45 lakh accounts with a sanctioned amount of Rs 3.96 lakh crore and Rs 3.83 lakh crore disbursed.
Pradhan Mantri Mudra Yojana (PMMY) extended collateral-free loans to small enterprises that face significant challenges in accessing formal institutional credit. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
