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
