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Home Minister Amit Shah lauded the Pradhan Mantri Mudra Yojana for significantly bolstering small traders and start-ups over its 11-year tenure.
Over 58 crore loans worth Rs 40 lakh crore have been disbursed under PMMY since inception.
KEY POINTS
- The PMMY has directly benefited 12 crore young entrepreneurs across India.
- Two-thirds of PMMY loans have been granted to women, advancing women's empowerment.
- The scheme uses a structured system involving MUDRA, lending institutions, and borrowers for credit flow.
COMPANIES
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