India, April 8 -- The Pradhan Mantri Mudra Yojana (PMMY), launched by Prime Minister Narendra Modi on April 8, 2015, has completed 11 years, marking a significant milestone in promoting financial inclusion and supporting small and micro enterprises across India.
The scheme, aimed at providing collateral-free loans of up to Rs 20 lakh to non-corporate, non-farm small businesses, has played a pivotal role in expanding access to credit for underserved sections. Designed around the vision of "Funding the Unfunded," PMMY has contributed to strengthening grassroots entrepreneurship and boosting economic participation.
Union Finance Minister Nirmala Sitharaman highlighted that the scheme has transformed India's credit landscape over the past dec...