Question
The Pradhan Mantri MUDRA Yojana (PMM
- Y completed 11 years on April 8, 2026. Since its inception in 2015, what is the total value of loans disbursed under the scheme?
Solution
The Pradhan Mantri MUDRA Yojana (PMMY) was launched on April 8, 2015, by Prime Minister Narendra Modi in New Delhi. Since its inception, the scheme has disbursed over Rs 40.07 lakh crore through 57.79 crore loans, making it one of the world's largest financial inclusion initiatives. The scheme provides easy, collateral-free micro-credit of up to Rs 10 lakh to non-farm small and micro-entrepreneurs.
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