PM Mudra Yojana at 10 Years: Loans and Impact Data
Why in the news
PM Mudra Yojana completed ten years, and its role in credit access for small and first-time entrepreneurs was reviewed.
Key facts
- MSMEs contributed 30.1% of GVA in FY2022-23 and 45.79% of exports in FY2024-25.
- Disbursement: ₹5.32 trillion in FY24; ₹4.8 trillion by February 2025. Average loan in FY25: ₹102,870.
- Cumulative: 520 million loans totalling ₹33.19 trillion; 260 million (50%) to SC/ST/OBC; 69% of accounts with women; 5.7 crore loans to minorities.
Loan categories
| Category | Ticket size | Share |
|---|---|---|
| Shishu | Up to ₹50,000 | Smaller, foundational |
| Kishore | ₹50,001-₹5 lakh | 51% |
| Tarun | ₹5-10 lakh | 29.1% |
| Tarun Plus (new) | ₹10-20 lakh | Not stated |
About the scheme
- Collateral-free, cash-flow-based lending, backed by MUDRA refinancing.
- Online applications through the Udyam Mitra portal.
- SBI introduced the MUDRABRE digital decisioning model on the Jansamarth platform for paperless, quick approvals.
Significance
- Built entrepreneurial culture, unlocked manufacturing and agri-allied potential, and promoted inclusion toward Viksit Bharat.
- Next phase aims for more agility, efficiency and inclusivity.
Exam angle
- Category names: Shishu, Kishore, Tarun, Tarun Plus.
- Online portal: Udyam Mitra.