Pradhan Mantri MUDRA Yojana contributed to net additional job creation of 1.12 crore

Pradhan Mantri MUDRA Yojana (PMMY), which was launched by the Prime Minister on April 8, 2015 to provide loans up to Rs.10 Lakh to non-farm and non-farm small / micro enterprises, has seen a sanction of over 28 68 crore loans amounting to Rs 14.96 lakh crore have been sanctioned so far. A total of 4.20 crore of PMMY loans were sanctioned in 2020-21 and Rs. 2.66 lakh Crore sanctioned in fiscal year 2020-21 (as on 19.03.2021).

The average loan ticket size is around Rs 52,000. PMMY contributed to the creation of additional net jobs of 1.12 crore from 2015 to 2018

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