PMMY: This scheme of PM Modi completes 10 years, you get a loan of Rs 20 lakh without any guarantee..

PM Mudra Yojana: The central government is celebrating the completion of ten years of Pradhan Mantri Mudra Yojana (PMMY). This is the flagship scheme of Prime Minister Narendra Modi, which has been brought to provide financial assistance to small traders for their business. Since its launch on 8 April 2015, PMMY has sanctioned more than 52 crore loans worth Rs 32.61 lakh crore, promoting the entrepreneurship revolution across the country.

What is Pradhan Mantri Mudra Yojana (PMMY)?

Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of the Government of India, which was launched on 8 April 2015. It aims to promote small and medium-scale businessmen, startups, and self-employment. Under this scheme, loans are given without any guarantee.

How many types of loans are available under PM Mudra Yojana?

Three types of loans are given under PMMY:

Shishu Loan – up to ₹50,000

Kishore Loan – ₹50,001 to ₹5 lakh

Tarun Loan – ₹5 lakh to ₹10 lakh

Tarun Plus – ₹10 lakh to ₹20 lakh

Who will get the benefit of PM Mudra Yojana?

People who want to start a small business or are already doing business and want to expand it can take advantage of this scheme. Apart from this, if you are self-employed like a shopkeeper, carpenter, tailor, beauty parlor operator, auto/taxi driver, etc., or want to run small agriculture-related work or food processing unit, then you can take advantage of PM Mudra Yojana.

How to apply for PM Mudra Loan?

Visit the nearest public or private bank, RRB, NBFC, or microfinance institution.

Fill out a simple form giving details of your business.

Take an Aadhaar card, PAN card, business-related document, and passport-size photo.

The loan is approved after verification of bank documents

For online application: www.udyamimitra.in

68 percent women got a Mudra loan

68 percent of all Mudra beneficiaries are women, which underlines the important role of this scheme in promoting women-led enterprises across the country. Between FY 2016 and FY 2025, PMMY disbursement amount per woman grew at a CAGR of 13 percent to Rs 62,679, while incremental deposit amount per woman grew at a CAGR of 14 percent to Rs 95,269.

In states where more loans have been given to women, employment generation through small businesses (MSMEs) run by women has been very high. This shows that targeted financial assistance to women is very effective in improving their economic status and work rate.

50% of Mudra accounts are held by SC, ST and OBC

The scheme has made significant progress in breaking traditional credit barriers. As per SBI reports, 50% of Mudra accounts are held by SC, ST, and OBC entrepreneurs, ensuring wider access to formal finance. Moreover, 11% of Mudra loan holders are from minority communities, which shows the scheme's contribution to inclusive growth by enabling marginalized communities to become active participants in the formal economy.

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