PM Mudra Yojana Marks 10 Years of Launch: Sanctioned Loans of ₹32.61 Lakh Crore

On 8 April 2025, Pradhan Mantri MUDRA Yojana (PMMY) completes its 10 years of inception. PM Mudra Yojana (PMMY) aims to fund the unfunded micro enterprises and small businesses without any collateral.

Achievements under Pradhan Mantri Mudra Yojana

PMMY has sanctioned over 52 crore loans worth ₹32.61 lakh crore, fuelling a nationwide entrepreneurial revolution since its launch in April 2015. Business growth is no longer limited to major cities—it’s expanding to small towns and villages, where new entrepreneurs are taking control of their futures. This shift in perspective is clear: People are moving from being job seekers to job creators.

MSME Credit Boom

A report by SBI highlights the significant rise in credit flow to MSMEs, fueled by the impact of MUDRA. MSME lending grew from ₹8.51 lakh crore in FY14 to ₹27.25 lakh crore in FY24, with projections suggesting it will exceed ₹30 lakh crore in FY25. The share of MSME credit in total bank credit rose from 15.8 percent in FY14 to nearly 20 percent in FY24, highlighting its increasing importance in the Indian economy. This expansion has allowed businesses in smaller towns and rural areas to access financial support previously out of reach, contributing to a more self-reliant economy and fostering grassroots job creation.

Financial Inclusion: Empowering Women

Women represent 68% of all Mudra beneficiaries, highlighting the scheme’s critical role in promoting women-led businesses across India. Between FY16 and FY25, the average disbursement to women increased at a compound annual growth rate (CAGR) of 13%, reaching ₹62,679, while incremental deposits grew at a CAGR of 14% to ₹95,269. States with higher disbursement to women have seen greater employment generation through women-led MSMEs, demonstrating that targeted financial inclusion plays a key role in boosting women’s economic empowerment and labor force participation.

Success Stories from PM Mudra Yojana

Across the country, lives have been transformed. Kamlesh, a home-based tailor in Delhi, expanded her business, hired three other women, and enrolled her children in a quality school. Bindu, who started with 50 brooms a day, now runs a unit producing 500. These stories are no longer exceptional; they reflect a broader trend. From tailoring units and tea stalls to salons, mechanic shops, and mobile repair services, millions of micro-entrepreneurs are thriving, supported by a system that believes in their potential. PMMY has made this possible by providing institutional credit to non-corporate, non-farm micro and small enterprises that form the backbone of India’s economy.

Conclusion

At its core, the MUDRA Yojana is a story of trust—trust in people’s aspirations, their ability to build, and in the belief that even the smallest dreams deserve a platform to grow. In 10 years, Pradhan Mantri Mudra Yojana has consistently demonstrated the power of financial inclusion and the strength of grassroots innovation..

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