Pradhan Mantri Mudra Yojana (PMMY) – Economic Survey 2025-26
**Objective:** Provide collateral-free institutional credit to non-corporate, non-farm micro/small enterprises. **Key Achievements (Economic Survey 2025-26):** - Disbursed over ₹36.18 lakh crore across 55.45 crore loan accounts as of October 2025 - Since inception (April 2015): over 52 crore loans sanctioned worth ₹32.61 lakh crore - New 'Tarun Plus' category launched (loans ₹10 lakh to ₹20 lakh) **Four Loan Categories:** 1. **Shishu** – Up to ₹50,000 (for start-up/early stage businesses) 2. **Kishore** – ₹50,001 to ₹5 lakh (for mid-stage businesses needing expansion) 3. **Tarun** – ₹5 lakh to ₹10 lakh (for established businesses seeking growth capital) 4. **Tarun Plus** (New) – ₹10 lakh to ₹20 lakh (for those who successfully repaid Tarun loans) **Key Features:** - No collateral required for loans up to ₹20 lakh - Available through all scheduled commercial banks, RRBs, MFIs, and NBFCs - Mudra Card provides working capital as a revolving credit facility - Credit Guarantee through NCGTC **Ministry:** Ministry of Finance. **Launched:** April 8, 2015. **Beneficiaries:** Micro/small entrepreneurs in manufacturing, trading, services, and allied activities.
- PMMY provides collateral-free institutional credit to non-corporate, non-farm micro/small enterprises with over ₹36.18 lakh crore disbursed across 55.45 crore loan accounts as of October 2025.
- Four loan categories: Shishu (up to ₹50,000), Kishore (₹50,001 to ₹5 lakh), Tarun (₹5 lakh to ₹10 lakh), and new Tarun Plus (₹10 lakh to ₹20 lakh).
- No collateral required for loans up to ₹10 lakh, available through all scheduled commercial banks, RRBs, MFIs, and NBFCs.
- Mudra Card provides working capital as a revolving credit facility with credit guarantee through NCGTC.
- Since inception (April 2015): over 52 crore loans sanctioned worth ₹32.61 lakh crore.
- Falls under Ministry of Finance; launched on April 8, 2015.
What is the Pradhan Mantri Mudra Yojana (PMMY)?
PMMY is a Ministry of Finance scheme launched on April 8, 2015 to provide collateral-free institutional credit to non-corporate, non-farm micro and small enterprises across manufacturing, trading, services, and allied activities.
How much has been disbursed under PMMY?
As per Economic Survey 2025-26, PMMY has disbursed over ₹36.18 lakh crore across 55.45 crore loan accounts as of October 2025. Since inception in April 2015, over 52 crore loans have been sanctioned worth ₹32.61 lakh crore.
What are the loan categories under PMMY?
PMMY has four categories: Shishu up to ₹50,000, Kishore from ₹50,001 to ₹5 lakh, Tarun from ₹5 lakh to ₹10 lakh, and the new Tarun Plus from ₹10 lakh to ₹20 lakh for those who successfully repaid Tarun loans.
Is collateral required for PMMY loans?
No collateral is required for PMMY loans up to ₹20 lakh. Credit Guarantee is provided through NCGTC, and loans are available through scheduled commercial banks, RRBs, MFIs, and NBFCs.
What is the new Tarun Plus category under PMMY?
Tarun Plus is a newly launched PMMY category offering loans from ₹10 lakh to ₹20 lakh for entrepreneurs who have successfully repaid their Tarun loans, enabling them to scale up established businesses.
What is the Mudra Card?
The Mudra Card is a feature of PMMY that provides working capital as a revolving credit facility to micro and small entrepreneurs, making it easier to manage day-to-day business cash-flow needs.
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