Pradhan Mantri Mudra Yojana completes seven years

On 8th April 2022, Pradhan Mantri Mudra Yojana (PMMY) has completed its seven years. The scheme was launched in 2015 by PM Modi for providing financial support of up to 10 Lakh rupees to non-corporate, non-farm small, or micro-enterprises.

More than 34 crores 42 lakh loans for an amount of 18.60 lakh crore rupees have been sanctioned since the launch of the scheme.

68% of the total number of loans have been sanctioned to Women Entrepreneurs.