Quick Summary
More than 40.82 crore loans amounting to ₹23.2 lakh crore sanctioned under Pradhan Mantri MUDRA Yojana (PMMY) since inception MUDRA helped in generation of large-scale employment opportunities at grassroots level and also proved a game changer while boosting Indian economy: Finance Minister Smt. Nirmala Sitharaman PMMY eased collateral free access to credit in a seamless manner to micro enterprises in the country: Mos Finance Dr Bhagwat Karad The Pradhan Mantri MUDRA Yojana (PMMY) w
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
PMMY is a scheme launched on 8th April 2015 to facilitate easy, collateral-free micro credit of up to ₹10 lakh to non-corporate, non-farm small and micro entrepreneurs for income-generating activities.
As of 24th March 2023, more than 40.82 crore loans have been sanctioned under the PMMY.
The total amount sanctioned under PMMY since its inception is approximately ₹23.2 lakh crore.
Approximately 68% of the loan accounts under the scheme belong to women entrepreneurs, and 51% belong to entrepreneurs from SC/ST and OBC categories.
Loans are divided into three categories: Shishu (up to ₹50,000), Kishore (above ₹50,000 and up to ₹5 lakh), and Tarun (above ₹5 lakh and up to ₹10 lakh).
PMMY has helped in generating large-scale employment opportunities at the grassroots level, boosted the growth of MSMEs, and contributed to the 'Make in India' programme by increasing indigenous production.
CAclubindia
