Pradhan Mantri Mudra Yojana

Launch Date: 8th April 2015.

Objective:

To provide financial support for growth (development and refinancing) of micro enterprises sector.

Achievements:

Easy, loans without guarantee under three categories – Shishu, Kishore and Tarun by the banks. Loan of up to Rs. 50000 is given under sub-scheme ‘Shishu’ between Rs. 50,000 to 5.0 Lakhs under sub-scheme ‘Kishore’ and between 5.0 Lakhs to 10.0 Lakhs under sub-scheme ‘Tarun’.

· Number of PMMY loans sanctioned in 2017-18: 4535109

· Loans disbursed in 2017-18; Rs. 220596.05 crore

· Loans disbursed in 2016-17: Rs. 175312.13 crore

· Loans disbursed in 2015-16: Rs.132954.73 crore

· Budget allocation for 2018-19 raised to Rs. 3lakh crore, a hike of 20% over the previous year which was Rs.2.44 lakh crores against Rs. 1.22 lakh crores in 2016-17

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