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PM Mudra Yojana disbursed ₹31.85 trillion since inception

Mint Chennai

|

March 07, 2025

The Centre has disbursed ₹31.85 trillion of the ₹32.61 trillion allocated under the Pradhan Mantri Mudra Yojana (PMMY) in the nearly 10 years since its launch until February 2025, indicating demand for credit among micro and small businesses, two people aware of the matter told Mint.

- Rhik Kundu

The largest share of the disbursements went to Tamil Nadu (₹3.21 trillion), Uttar Pradesh (₹3.07 trillion), Karnataka (₹2.98 trillion), West Bengal (₹2.78 trillion), Bihar (₹2.77 trillion), and Maharashtra (₹2.69 trillion).

Launched on 8 April 2015, the PMMY provides collateral-free institutional credit through banks, NBFCs, and microfinance institutions.

Eligible individuals with a business plan for a small enterprise can avail of loans for income-generating activities in manufacturing, trading, services, and allied agriculture sectors.

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