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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