Almost 29 Cr loans worth Rs 14.96 lakh cr sanctioned since the introduction of Pradhan mantri MUDRA Yojana: Ministry of Finance


The Treasury Department has announced that since the Pradhan Mantri MUDRA Yojana (PMMY) was introduced, more than 28.68 cr loans of Rs 14.96 lakhcr have been sanctioned.

PMMY was launched on April 8, 2015 by the Honorable Prime Minister to provide loans of up to Rs10 lakh to small and micro businesses outside of agriculture.

The main highlights of the scheme according to FinMin data are:

  • 4.20cr PMMY loans sanctioned in 2020-21 and Rs. 2.66 lakhcr sanctioned in FY 2020-21 (as of 3/19/2021)
  • The average ticket size of the credits is around Rs 52,000 / –
  • 88% of the loans belong to the ‘SHISHU’ category
  • Almost 24% of the loans were given to new entrepreneurs
  • About 68% of the loans were given to women entrepreneurs
  • About 51% of the loans were given to SC / ST / OBC borrowers.
  • SCs and STs make up 22.53% of borrowers
  • OBCs make up 28.42% of borrowers
  • About 11% of the loans were given to borrowers from minority communities.
  • According to a survey conducted by the Ministry of Labor and Employment, PMMY helped create additional net employment of Cr 1.12 between 2015 and 2018. Of the 1.12 Cr of estimated employment growth, 69 lakh (62%) were women. .

The loans are granted for income-generating activities in manufacturing, trade and services, and for activities related to agriculture.

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