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PM Mudra Yojana: Over ₹32 Lakh Crore Sanctioned

7 April 20251 min read
GOVERNMENT SCHEMESPM Mudra Yojana:Over ₹32 LakhCrore Sanctioned7 April 2025safalsetu.com

Why in the news

Cumulative sanctions under Pradhan Mantri Mudra Yojana (PMMY) crossed ₹32 lakh crore across more than 52 crore loan accounts.

Key facts

  • Loans sanctioned: over 52 crore.
  • Amount: more than ₹32 lakh crore.
  • Launched in 2015.
  • Loan size: up to ₹10 lakh, collateral-free.
  • Borrowers: non-corporate, non-farm small and micro enterprises.

About the scheme

PMMY aims at financial inclusion and at empowering small entrepreneurs by giving them credit without asking for security.

Exam angle

  • Launch year: 2015.
  • Maximum loan: ₹10 lakh without collateral.
  • Target group: non-corporate, non-farm micro and small units.

Test yourself

1. In which year was Pradhan Mantri Mudra Yojana launched?

The scheme was launched in 2015.

2. What is the maximum collateral-free loan under Pradhan Mantri Mudra Yojana?

Loans of up to ten lakh rupees are given without collateral.

3. PM Mudra Yojana targets which kind of borrowers?

It serves non-corporate, non-farm small and micro enterprises.

This topic is part of Daily Current Affairs 6 & 7 April 2025 (30 topics).

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