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File picture: Under PMMY, which was launched in April 2015, lenders provide MSMEs collateral-free access to finance.
| Photo Credit:
PICHUMANI K
Bank of India’s (BoI) cumulative disbursements during the last 10 years under the Pradhan Mantri Mudra Yojana (PMMY) stood at ₹71,364 crores to 43,65,580 MSME borrowers.
Under PMMY, which was launched in April 2015, lenders provide MSMEs collateral-free access to finance. BoI, in a statement, said credit facilities to women entrepreneurs under the scheme constituted more than 25 per cent of the borrowers.
“The bank has introduced an end-to-end digital journey for Mudra loan applicants. The entire journey of the loan — from application to sanction and disbursements — is completed online. The bank is also issuing Mudra Cards to borrowers under the scheme,” the public sector bank said.
In a recent report, SBI’s economic research department said in the decade since its launch, cumulatively more than 52 crore accounts have been opened under the PMMY for providing collateral-free and adequate access to finance for MSMEs.
The credit to the segment is estimated to have more than trebled to about ₹30 lakh crore in the last 10 years., SBI’s economic researchers said.
Published on April 11, 2025
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