{"id":40650,"date":"2025-04-08T21:53:59","date_gmt":"2025-04-08T16:23:59","guid":{"rendered":"https:\/\/www.nextias.com\/ca\/?p=40650"},"modified":"2025-04-08T22:48:10","modified_gmt":"2025-04-08T17:18:10","slug":"pradhan-mantri-mudra-yojana-10-years","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/08-04-2025\/pradhan-mantri-mudra-yojana-10-years","title":{"rendered":"Pradhan Mantri MUDRA Yojana completes 10 Years"},"content":{"rendered":"\n<p><strong>Syllabus: GS3\/ Economy<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>In News<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>On 8 April 2025, India marked 10 years of the Pradhan Mantri MUDRA Yojana (PMMY).<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>About the Scheme<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Launched:<\/strong> April 2015<\/li>\n\n\n\n<li><strong>Objective:<\/strong> To provide collateral-free institutional credit to non-corporate, non-farm micro and small enterprises.<\/li>\n\n\n\n<li><strong>Tagline:<\/strong> Funding the Unfunded<\/li>\n\n\n\n<li><strong>Implementation:<\/strong> Through MUDRA (Micro Units Development and Refinance Agency).<\/li>\n\n\n\n<li><strong>Target: <\/strong>Small businesses in manufacturing, trading, processing, and services\u2014a major employment segment after agriculture.\n<ul class=\"wp-block-list\">\n<li>Collateral-free credit up to \u20b9<strong>20 lakh<\/strong> is provided by Member Lending Institutions (MLIs) i.e. Scheduled Commercial Banks (SCBs), Regional Rural Banks (RRBs), Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs).<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Loan Categories under PMMY:&nbsp;<\/strong><\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img data-dominant-color=\"dbb998\" data-has-transparency=\"false\" loading=\"lazy\" decoding=\"async\" width=\"661\" height=\"208\" src=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/04\/Loan-Categories-under-PMMY.png\" alt=\"\" class=\"not-transparent wp-image-40654\" style=\"--dominant-color: #dbb998; width:489px;height:auto\" srcset=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/04\/Loan-Categories-under-PMMY.png 661w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/04\/Loan-Categories-under-PMMY-300x94.png 300w\" sizes=\"auto, (max-width: 661px) 100vw, 661px\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li>Achievements (As of FY25)\n<ul class=\"wp-block-list\">\n<li>Loans sanctioned: Over 52 crore<\/li>\n\n\n\n<li>Loan value: \u20b932.61 lakh crore<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img data-dominant-color=\"c9cca7\" data-has-transparency=\"false\" loading=\"lazy\" decoding=\"async\" width=\"514\" height=\"363\" src=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/04\/states-with-highest-pm-mudra-loan-disbursements.png\" alt=\"\" class=\"not-transparent wp-image-40653\" style=\"--dominant-color: #c9cca7; width:466px;height:auto\" srcset=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/04\/states-with-highest-pm-mudra-loan-disbursements.png 514w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/04\/states-with-highest-pm-mudra-loan-disbursements-300x212.png 300w\" sizes=\"auto, (max-width: 514px) 100vw, 514px\" \/><\/figure>\n<\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img data-dominant-color=\"d4d4b7\" data-has-transparency=\"false\" loading=\"lazy\" decoding=\"async\" width=\"614\" height=\"369\" src=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/04\/decade-of-pradhan-mantri-mudra-yojana.png\" alt=\"decade of pradhan mantri mudra yojana\" class=\"not-transparent wp-image-40652\" style=\"--dominant-color: #d4d4b7; width:476px;height:auto\" srcset=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/04\/decade-of-pradhan-mantri-mudra-yojana.png 614w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/04\/decade-of-pradhan-mantri-mudra-yojana-300x180.png 300w\" sizes=\"auto, (max-width: 614px) 100vw, 614px\" \/><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><strong>Need For Funding the Unfunded (MSME)<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Micro enterprises constitute a major economic segment in India and provide large employment after agriculture. This segment includes micro units engaged in manufacturing, processing, trading and services sector.&nbsp;<\/li>\n\n\n\n<li>It provides employment to nearly <strong>10 crore people.<\/strong> Many of these units are proprietary\/ single ownership or Own Account enterprises and many a time referred to as the Non-Corporate Small Business sector.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img data-dominant-color=\"dae8e5\" data-has-transparency=\"false\" loading=\"lazy\" decoding=\"async\" width=\"651\" height=\"403\" src=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/04\/challenges-faced-by-microenterprises.png\" alt=\"challenges faced by microenterprises\" class=\"not-transparent wp-image-40651\" style=\"--dominant-color: #dae8e5; width:465px;height:auto\" srcset=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/04\/challenges-faced-by-microenterprises.png 651w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/04\/challenges-faced-by-microenterprises-300x186.png 300w\" sizes=\"auto, (max-width: 651px) 100vw, 651px\" \/><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><strong>International Recognition<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>IMF has praised PMMY across multiple reports:\n<ul class=\"wp-block-list\">\n<li><strong>2017:<\/strong> Helped women-led businesses access credit.<\/li>\n\n\n\n<li><strong>2019:<\/strong> Recognized its role in refinancing MSMEs.<\/li>\n\n\n\n<li><strong>2023<\/strong>: Highlighted over 2.8 million women-owned MSMEs.<\/li>\n\n\n\n<li><strong>2024: <\/strong>Acknowledged PMMY as key to formalisation and self-employment.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Significance<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-background\" style=\"background-color:#ebecf0\"><tbody><tr><td><strong>Women Empowerment<\/strong><\/td><td>1. <strong>68% <\/strong>of beneficiaries are women<br>2. Per woman disbursement <strong>CAGR: 13%<\/strong><br>3. Enhanced economic independence and <strong>labour force participation<\/strong><\/td><\/tr><tr><td><strong>Marginalised Communities<\/strong><\/td><td>1. 50% of Mudra accounts are <strong>SC\/ST\/OBCs<\/strong><br>2<strong>. 11%<\/strong> Mudra accounts belong to minority communities<br>3. Bridges financial exclusion and promotes inclusive growth<\/td><\/tr><tr><td><strong>Boost to MSME Credit<\/strong><\/td><td>1. MSME credit rose from \u20b98.51 lakh crore (FY14) to<strong> \u20b927.25 lakh crore<\/strong> (FY24)<br>2. Projected to cross \u20b930 lakh crore in FY25<br>3. MSME share in total bank credit increased from <strong>15.8% to ~20%<\/strong><\/td><\/tr><tr><td><strong>Job Creation<\/strong><\/td><td>1. Supports self-employment and entrepreneurship<br>2. Generates jobs in <strong>tier-2\/3<\/strong> cities and rural areas<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Challenges<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Risk of NPAs (Non-Performing Assets) in some sectors.<\/li>\n\n\n\n<li>Need for better credit appraisal and training of borrowers.<\/li>\n\n\n\n<li>Require complementary ecosystems (e.g., market access, digital literacy).<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>In ten years, Pradhan Mantri Mudra Yojana has consistently demonstrated the power of financial inclusion and the strength of grassroots innovation.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: PIB<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<h3><strong>In News<\/strong><\/h3>\n<li class=\"ms-5\">On 8 April 2025, India marked 10 years of the Pradhan Mantri MUDRA Yojana (PMMY).<\/li>\n<p><\/p>\n<h3><strong>About the Scheme<\/strong><\/h3>\n<li class=\"ms-5\">Launched: April 2015<\/li>\n<li class=\"ms-5\">Objective: To provide collateral-free institutional credit to non-corporate, non-farm micro and small enterprises.<\/li>\n<p><a href=\"https:\/\/www.nextias.com\/ca\/current-affairs\/08-04-2025\/pradhan-mantri-mudra-yojana-10-years\" class=\"btn btn-primary btn-sm float-end\">Read More<\/a><\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-40650","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/40650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=40650"}],"version-history":[{"count":4,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/40650\/revisions"}],"predecessor-version":[{"id":40682,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/40650\/revisions\/40682"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=40650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=40650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=40650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}