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PM Mudra Yojana celebrates the completion of 7 years

The Pradhan Mantri Mudra Yojana, or PMMY, is celebrating its seventh anniversary. Prime Minister Narendra Modi announced the initiative on April 8, 2015, with the goal of granting loans up to ten lakh rupees to non-corporate, non-farm small, or micro-enterprises.

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Key Points:

  • Since the inception of the Pradhan Mantri Mudra Yojana, more than 34 crore 42 lakh loans worth 18.60 lakh crore rupees have been sanctioned as per the official statement.
  • Women Entrepreneurs have received around 68 percent of the total number of loans approved.
  • New Entrepreneurs have received nearly 22 percent of the loans.

About the PMMY:

The Scheme has aided in the creation of an enabling environment for small enterprises, as well as large-scale job prospects at the grassroots level.

Pradhan Mantri Mudra Yojana has provided wings to millions of people who have seen their hopes and aspirations realised, as well as a sense of self-worth and independence, thanks to the Yojana PMMY.

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