What is the total amount of loans sanctioned under the Pradhan Mantri Mudra Yojana (PMMY) since its launch?

Solution

According to the data  provided in the Economic Survey, the Pradhan Mantri Mudra Yojana ( PMMY ) , which was launched in April 2015 to grant loans of up to Rs 10 lakh to micro units, has sanctioned over 38 . 4 crore loans amounting to Rs 21 . 5 lakh crore since the launch . Out of the total loans sanctioned, more than 8 . 2 crore loans amounting to Rs 6 . 8 lakh crore were extended to new entrepreneurs, approximately 21 per cent of total loans extended under the scheme . Moreover, about 68 per cent ( 26 . 1 crore ) of loans were sanctioned to women entrepreneurs . In comparison, out of 5 . 07 crore loans in FY21, 3 . 33 crore were to women borrowers and in FY22, 3 . 84 crore loans were to women borrowers out of total 5 . 37 crore loans . Pradhan Mantri MUDRA Yojana ( PMMY ) is a scheme launched by the  PM on April 8, 2015 for providing loans up to 10 lakh to the non - corporate, non - farm small / micro enterprises . These loans are classified as MUDRA loans under PMMY . These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs .