Loans worth ₹33.65 lakh crore have been sanctioned under the Pradhan Mantri Mudra Yojana in the last ten years. The scheme was launched on April 8, 2015, to provide institutional credit to micro and small businesses.

“The scheme has brought socio-economic changes to a large number of marginalised people in the country. Since the launch, 52.37 crore loans amounting to ₹33.65 lakh crore have been sanctioned under the scheme,” said M. Nagaraju, secretary, department of financial services, adding that the disbursement under the scheme stands at ₹32.87 lakh crore.

“The gross NPA of public sector banks under the scheme stands at 3.6% as of December, 2024. This means that the people are taking the loans and paying back. The exploitation by the money lenders has reduced,” Nagaraju added.

As per the government data, an important aspect of the delinquencies in the scheme is that while the GNPAs (pertaining to the Yojana) in the PSBs stands at 3.6%, the overall NPA is 2.2. “This means that the recovery rate by the other lenders is better than the public banks,” said Nagaraju.

“68% of the loans have been granted to women entrepreneurs. That is a great achievement for the country. 50% loans have gone to the SC/ST/OBC borrowers,” Nagaraju added.

The top five states as per the number of loans sanctioned are Bihar (5.95 cr loan accounts), Tamil Nadu (5.82 cr), Uttar Pradesh (5.16 cr) West Bengal (5.15 cr), Karnataka (4.98 cr).

Under the scheme, three categories of loans have been formulated which include, Shishu (Loan up to ₹50,000), Kishor (Loan above ₹50,000 and up to ₹5 lakh), Tarun (Loan above ₹5 lakh and up to ₹10 lakh) and additionally Tarun Plus (Loans above ₹10 lakh and up to ₹20 lakh). “Over the years, Mudra Yojana has reshaped India’s entrepreneurial landscape, drawing global recognition as a model for financial inclusion,” the government said.