India celebrates 11 years of the Pradhan Mantri MUDRA Yojana (PMMY) today. This scheme started on 8th April 2015. This program is the main initiative of the central government to fund microenterprises and small businesses that lack funding.
MUDRA Yojana complete 11 year
By eliminating the need for collateral and making it easier to access loans, MUDRA created new opportunities for local entrepreneurs. In these 11 years, the Mudra Yojana has shown the value of financial inclusion and the creativity of grassroots innovation.
Banks often gave careless loans to large companies, while real borrowers struggled to find credit. MUDRA filled this gap by providing a cleaner and more inclusive option.
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