• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Nation

Ten Years Of Mudra Fuels Grassroots Entrepreneurship

OMMCOM NEWS by OMMCOM NEWS
April 8, 2025
in Nation
pradhan-mantri-yojana

New Delhi: India on Tuesday marks ten years of the Pradhan Mantri MUDRA Yojana (PMMY), the flagship programme of Prime Minister Narendra Modi aimed at funding the unfunded micro enterprises and small businesses.

PMMY, under the Micro Units Development and Refinancing Agency (MUDRA), was set up by the Centre for the development and refinancing activities relating to micro units.

Since its launch in April 2015, the PMMY has sanctioned over 52 crore loans worth Rs 32.61 lakh crore, fuelling a nationwide entrepreneurial revolution. Business growth is no longer confined to big cities — it is spreading to small towns and villages, where first-time entrepreneurs are taking charge of their destinies. The shift in mindset is evident: people are no longer job seekers; they are becoming job creators.

The scheme ensures that collateral-free institutional credit up to Rs 20 lakh is provided by Member Lending Institutions (MLIs), i.e., Scheduled Commercial Banks (SCBs), Regional Rural Banks (RRBs), Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs).

According to a government press release, Mudra has laid the foundation for a new era of grassroots entrepreneurship by removing the burden of collateral and simplifying access. From stitching units and tea stalls to salons, mechanic shops, and mobile repair businesses, crores of micro-entrepreneurs have stepped forward with confidence, enabled by a system that believed in their potential.

PMMY has supported these journeys by offering institutional credit to non-corporate, non-farm micro and small enterprises that form the backbone of India’s economy.

At its core, the MUDRA Yojana is a story of trust. Trust in people’s aspirations and in their ability to build. Trust in the belief that even the smallest dreams deserve a platform to grow, officials said.

Women account for 68 per cent of all Mudra beneficiaries, underscoring the scheme’s pivotal role in advancing women-led enterprises across the country.

Between FY16 and FY25, the per-woman PMMY disbursement amount increased at a CAGR of 13 per cent, reaching Rs 62,679, while per-woman incremental deposits grew at a CAGR of 14 per cent to Rs 95,269. States with higher disbursement shares to women have recorded significantly higher employment generation through women-led MSMEs, reinforcing the effectiveness of targeted financial inclusion in enhancing women’s economic empowerment and labour force participation.

The scheme has made significant progress in breaking traditional credit barriers. According to the SBI report, 50 per cent of Mudra accounts are held by SC, ST and OBC entrepreneurs, ensuring wider access to formal finance.

Furthermore, 11 per cent of Mudra loan holders belong to minority communities, demonstrating the scheme’s contribution to inclusive growth by enabling marginalised communities to become active participants in the formal economy.

(IANS)

Tags: Micro Units Development and Refinancing Agency (MUDRA)Mudra Fuels Grassroots EntrepreneurshipPradhan Mantri Mudra Yojana (PMMY)Prime Minister Narendra Modi
ShareTweetSendSharePinShareSend
Previous Post

Yemen’s Houthis Claim Attack On ‘Military Target’ In Tel Aviv, 2 US Warships In Red Sea

Next Post

Indian-Origin Man Charged With Sexual Assault On Plane In US

Related Posts

Nation

Elon Musk’s Father Errol Arrives In India, To Witness Green Tech And EV Growth

June 1, 2025
Nation

AIMPLB To Continue Protests Against Waqf Amendment Act

June 1, 2025
Nation

Political Shift In Nagaland: NCP To See Legal Options To Move Court

June 1, 2025
Nation

Hectic Search On For Missing MP Couple In Meghalaya Since May 24

June 1, 2025
Nation

At Least, The RSS Engages In Thoughts And Debates: Former Cong Leader Arvind Netam

June 1, 2025
shot at
Nation

Journalist’s Vehicle Attacked By Gunmen In J&K’s Budgam

June 1, 2025
Next Post
Bangladeshis Arrested

Indian-Origin Man Charged With Sexual Assault On Plane In US

Narendra Modi

'Dreams Into Reality', Says PM Modi On 10 Years Of Mudra Scheme

Sensex

Sensex Opens Over 1,000 Points Up Amid Heightened Global Uncertainty

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.