Total Disbursement & Demand for Credit
- ₹31.85 trillion disbursed out of ₹32.61 trillion allocated under PMMY (April 2015 – Feb 2025).
- Indicates strong credit demand among micro and small businesses.
Top Beneficiary States (Disbursal Amounts)
- Tamil Nadu – ₹3.21 trillion
- Uttar Pradesh – ₹3.07 trillion
- Karnataka – ₹2.98 trillion
- West Bengal – ₹2.78 trillion
- Bihar – ₹2.77 trillion
- Maharashtra – ₹2.69 trillion
Scheme Overview
- Launched: 8 April 2015.
- Objective: Provide collateral-free institutional credit via banks, NBFCs, and microfinance institutions.
- Eligibility: Individuals with a business plan for small enterprises in:
- Manufacturing
- Trading
- Services
- Allied agriculture sectors
Impact & Revisions
- Financial Inclusion & Job Creation: The scheme has empowered small businesses and entrepreneurs, contributing to grassroots economic growth.
- Loan Limit Increase: Raised from ₹10 lakh to ₹20 lakh, effective October 2024 (as per Union Budget 2024-25).
Recent Trends & Performance
- Q3 FY25: Record disbursement of ₹3.39 trillion (highest quarterly since inception).
- H1 FY25: Loan disbursements declined to ₹1.86 trillion (from ₹1.92 trillion in H1 FY24) – first dip since COVID-19.
- Loan Accounts Approved (2015–2025):516 million, with the highest numbers in:
- Bihar – 58 million
- Tamil Nadu – 57 million
- Uttar Pradesh & West Bengal – 50 million each
- Karnataka – 49 million
Source: Mint
