Pradhan Mantri Mudra Yojana (PMMY) – Disbursement Update (2015–2025)

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)

1. Tamil Nadu – ₹3.21 trillion
2. Uttar Pradesh – ₹3.07 trillion
3. Karnataka – ₹2.98 trillion
4. West Bengal – ₹2.78 trillion
5. Bihar – ₹2.77 trillion
6. 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