New Delhi, April 8 -- The Pradhan Mantri MUDRA Yojana (PMMY) launched by Prime Minister Narendra Modi on April 8, 2015, is marking 11 years of success in strengthening India's grassroots entrepreneurs.

This initiative has been designed to bridge the gap in financial accessibility, offering streamlined, easy collateral-free loans up to Rs 20 lakh to support small-scale business ventures for non-corporate and non-farm income-generating activities.

Micro, Small, and Medium Enterprises (MSMEs) serve as the backbone of the industrial ecosystem, acting as essential partners to major corporations and driving balanced economic development. By diversifying their reach into new industries and refining their output, these enterprises are effective...