Impact Assessment of Pradhan Mantri Mudra Yojana (PMMY)

Summary

The Pradhan Mantri Mudra Yojana (PMMY) in India addresses the challenge of limited access to credit for micro and small enterprises. The scheme provides collateral-free loans up to INR 10 lakhs to non-corporate, non-farm businesses through Member Lending Institutions. An impact assessment reveals the scheme is in progress and has been highly effective in fostering financial inclusion, generating 1.66 crore net additional jobs, and significantly empowering women and new entrepreneurs since its inception.

Key Facts

Source Document

https://example-government.gov/policy-document-link