Pradhan Mantri Mudra Yojana completes seven years today

Today is the 7th anniversary of Pradhan Mantri Mudra Yojana, PMMY. The scheme was launched by Prime Minister Narendra Modi on 8th April 2015, for providing loans up to 10 Lakh rupees to the non-corporate, non-farm small, or micro-enterprises.

Sources reports that more than 34 crore 42 lakh loans for an amount of 18.60 lakh crore rupees have been sanctioned since launch of Pradhan Mantri Mudra Yojana. Around 68 percent loans of the total number of loans have been sanctioned to Women Entrepreneurs. Almost 22 percent of the loans have been given to New Entrepreneurs.

The Scheme has helped in creating an enabling environment, particularly for small businesses, and has helped generate large-scale employment opportunities at the grassroots level. Pradhan Mantri MUDRA Yojana PMMY has given wings to the dreams and aspirations of millions, along with a feeling of self-worth and independence.