10th Anniversary: Pradhan Mantri Mudra Yojana (PMMY) completed 10 years on April 8, 2025, since its launch in 2015.
Purpose: To provide collateral-free financial support to micro and small enterprises (MSEs), “funding the unfunded”.
Credit Disbursement: Over ₹32.61 lakh crore disbursed through 52 crore loans since 2015, including over 100 million first-time borrowers.
MSME Lending Growth: MSME lending rose from ₹8.5 lakh crore (FY14) to ₹27.25 lakh crore (FY24), share in bank credit grew from 15.8% to nearly 20%. Projected to cross ₹30 lakh crore in FY25.
Women Empowerment: Women constitute 68% of PMMY beneficiaries. Per woman loan disbursement and incremental deposits increased at a CAGR of 13% and 14% respectively (FY16-FY25). Higher women disbursement correlates with higher employment generation in women-led MSMEs.
Inclusive Finance: 50% of Mudra accounts are held by SC, ST, and OBC entrepreneurs, and 11% by minorities, promoting financial inclusion.
Evolving Loan Sizes: Shift from primarily Shishu loans to a rise in Kishor and Tarun loans, indicating business growth and scaling. Average loan size has nearly tripled since FY16, reaching ₹1.02 lakh in FY25.
Regional Impact: Tamil Nadu, Uttar Pradesh, and Karnataka lead in total PMMY disbursals. Jammu and Kashmir leads among UTs.
International Recognition: IMF acknowledged PMMY’s impact on expanding financial access, promoting inclusive entrepreneurship, and supporting women-owned MSMEs.
Impact: PMMY enabled grassroots entrepreneurship, job creation, and equitable growth by providing access to formal credit, particularly for marginalized communities and women. The scheme helped in shift of mindset from job seekers to job creators.
