Mudra Yojana: A pillar of empowerment

The Pradhan Mantri MUDRA Yojana (PMMY) is a game-changer for India's MSME sector, which is a vital engine of economic growth.

- Atul Kumar Goel

The Pradhan Mantri MUDRA Yojana (PMMY) is a game-changer for India's MSME sector, which is a vital engine of economic growth. Accounting for 35% of manufacturing output, 40% of exports, and over 30% of GDP, MSMEs employ more than 260 million people. Yet, many small enterprises struggle to access formal credit. PMMY addresses this gap by making loans easily available, particularly to those from economically weaker sections.

What makes PMMY unique is that the scheme democratizes credit access, enabling small businesses to thrive and grow. It's not just about providing funds; it's about empowering entrepreneurship, particularly among women, who make up nearly 68% of beneficiaries.