The Pradhan Mantri Mudra Yojana (PMMY), launched on April 8, 2015, has completed 10 years of facilitating institutional finance to non-corporate, non-farm micro and small enterprises. 

Key Highlights:

Total Loans Sanctioned: Over 52 crore loans amounting to Rs.32.61 lakh crore have been sanctioned since inception.
Average Loan Size Growth: Increased from Rs.38,000 in FY16 to Rs.1.02 lakh in FY25, indicating a rising demand for higher-value loans among small enterprises.
MSME Credit Expansion: Lending to Micro, Small, and Medium Enterprises (MSMEs) surged from Rs.8.51 lakh crore in FY14 to Rs. 27.25 lakh crore in FY24, with projections to surpass Rs.30 lakh crore in FY25.

The MSME credit share in total bank credit rose from 15.8% in FY14 to nearly 20% in FY24.

Women Beneficiaries: Women constitute 68% of total Mudra loan recipients. The average loan per woman grew at a 13% Compound Annual Growth Rate (CAGR), reaching Rs.62,679, while incremental deposits by women increased at a 14% CAGR to Rs.95,269. States with higher loans to women have observed increased employment in women-led MSMEs.

Social Inclusion: Approximately 50% of Mudra accounts are held by SC, ST, and OBC entrepreneurs, and 11% by members of minority communities, reflecting expanded access to formal finance for traditionally underserved groups.