PM Mudra Yojana completes 11 years: 57.79 crore loans worth ₹40.07 lakh crore
Pradhan Mantri MUDRA Yojana, launched on 8 April 2015, completed 11 years on 8 April 2026, with over 57.79 crore loans sanctioned and ₹40.07 lakh crore disbursed.
Summary
Pradhan Mantri MUDRA Yojana (PMMY), launched by Prime Minister Narendra Modi on 8 April 2015, completed 11 years on 8 April 2026. The scheme offers collateral-free institutional loans of up to ₹20 lakh through banks, NBFCs and MFIs for non-corporate, non-farm income-generating activities, under the motto of 'funding the unfunded'. Finance Minister Nirmala Sitharaman said more than 57.79 crore loans had been sanctioned, with ₹40.07 lakh crore disbursed. Two-thirds of the loans went to women entrepreneurs, and about one-fifth, or 12.15 crore loans, to first-time entrepreneurs.
Key facts
- Launched
- 8 April 2015
- Milestone
- 11 years on 8 April 2026
- Loan limit
- Collateral-free, up to ₹20 lakh
- Reach
- 57.79 crore+ loans; ₹40.07 lakh crore disbursed
- Women
- Two-thirds of loans
- New entrepreneurs
- ~one-fifth: 12.15 crore loans
Practice MCQs 3 questions
On which date was the Pradhan Mantri MUDRA Yojana launched?
Show answer
Correct answer: A — 8 April 2015
The Finance Ministry says PMMY was launched by the Prime Minister on 8 April 2015; it completed 11 years on 8 April 2026.
Under PM Mudra Yojana, collateral-free institutional credit is available up to what amount for non-corporate, non-farm income-generating activities?
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Correct answer: C — ₹20 lakh
The Finance Ministry says PMMY offers collateral-free loans of up to ₹20 lakh for non-corporate and non-farm income-generating activities.
Consider the following statements about PM Mudra Yojana as of April 2026: 1. Two-thirds of the loans have been sanctioned to women entrepreneurs. 2. More than 57.79 crore loans have been sanctioned, with ₹40.07 lakh crore disbursed. Which of the statements given above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct, as stated by Finance Minister Nirmala Sitharaman on PMMY's 11th anniversary.