Pradhan Mantri Mudra Yojana (PMMY) — completes 11 Years of empowering Small and Micro Entrepreneurs

• PMMY is a flagship credit scheme launched 8 April 2015 to provide collateral-free institutional credit to non-corporate, non-farm micro/small enterprises.
• Implemented through Member Lending Institutions (MLIs) — Scheduled Commercial Banks, RRBs, SFBs, NBFCs and MFIs — under the refinance/regulatory umbrella of MUDRA Ltd. (Micro Units Development & Refinance Agency), a subsidiary of SIDBI.
• Cumulative outcome (April 2026): 57.79 crore loans sanctioned amounting to ₹40.07 lakh crore disbursed.
• Examinable for GS-III (Inclusive Growth, MSME, Financial Inclusion) and Prelims (schemes/numbers).