India, April 10 -- justify;">When the prime minister launched the Pradhan Mantri MUDRA Yojana (PMMY) on April 8, 2015, the stated mission was simple: "Funding the Unfunded." Eleven years later, the scheme has evolved into one of the world's largest micro-credit programmes, fundamentally altering how India's smallest entrepreneurs access formal finance and establishing itself as a critical pillar in the nation's financial inclusion architecture.

As of March 2026, PMMY has disbursed loans worth Rs.40.07 lakh crore through more than 57.79 crore accounts. The scale of disbursement-exceeding the GDP of many mid-sized economies-reflects both the latent demand among micro-entrepreneurs and the institutional capacity built to service it.

The sc...