11 Years of Pradhan Mantri MUDRA Yojana

• PMMY is a collateral-free micro-credit scheme launched on 8 April 2015 to "Fund the Unfunded" non-corporate, non-farm small/micro enterprises.
• Refinance and regulatory support is routed through MUDRA Ltd. (Micro Units Development & Refinance Agency), a subsidiary of SIDBI, under the Department of Financial Services, Ministry of Finance.
• A flagship financial-inclusion scheme — strong overlap with GS-II (welfare schemes) and GS-III (inclusive growth, MSMEs, banking).