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 Rs 36.18 lakh crore across 55.45 crore loan accounts as of October 2025 - Since inception (April 2015): over 52 crore loans sanctioned worth Rs 32.61 lakh crore - New 'Tarun Plus' category launched (loans Rs 10 lakh to Rs 20 lakh) **Three Loan Categories:** 1. **Shishu** – Up to Rs 50,000 (for start-up/early stage businesses) 2. **Kishore** – Rs 50,001 to Rs 5 lakh (for mid-stage businesses needing expansion) 3. **Tarun** – Rs 5 lakh to Rs 10 lakh (for established businesses seeking growth capital) 4. **Tarun Plus** (New) – Rs 10 lakh to Rs 20 lakh (for those who successfully repaid Tarun loans) **Key Features:** - No collateral required for loans up to Rs 10 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.

**उद्देश्य:** गैर-कॉर्पोरेट, गैर-कृषि सूक्ष्म/लघु उद्यमों को बिना संपार्श्विक के संस्थागत ऋण प्रदान करना। **प्रमुख उपलब्धियां (आर्थिक सर्वेक्षण 2025-26):** - अक्टूबर 2025 तक 55.45 करोड़ ऋण खातों में 36.18 लाख करोड़ रुपये से अधिक वितरित - स्थापना (अप्रैल 2015) से: 52 करोड़ से अधिक ऋण स्वीकृत, 32.61 लाख करोड़ रुपये - नई 'तरुण प्लस' श्रेणी (10 लाख से 20 लाख रुपये तक ऋण) **तीन ऋण श्रेणियां:** 1. **शिशु** – 50,000 रुपये तक 2. **किशोर** – 50,001 से 5 लाख रुपये 3. **तरुण** – 5 लाख से 10 लाख रुपये 4. **तरुण प्लस** (नई) – 10 लाख से 20 लाख रुपये **प्रमुख विशेषताएं:** - 10 लाख रुपये तक के ऋण के लिए कोई संपार्श्विक नहीं - सभी अनुसूचित वाणिज्यिक बैंकों, RRBs, MFIs और NBFCs के माध्यम से उपलब्ध - मुद्रा कार्ड रिवॉल्विंग क्रेडिट सुविधा के रूप में कार्यशील पूंजी प्रदान करता है **मंत्रालय:** वित्त मंत्रालय। **शुभारंभ:** 8 अप्रैल, 2015। **लाभार्थी:** विनिर्माण, व्यापार, सेवाओं में सूक्ष्म/लघु उद्यमी।

• PMMY provides collateral-free institutional credit to non-corporate, non-farm micro/small enterprises with over Rs 36.18 lakh crore disbursed across 55.45 crore loan accounts as of October 2025.
• Four loan categories: Shishu (up to Rs 50,000), Kishore (Rs 50,001 to Rs 5 lakh), Tarun (Rs 5 lakh to Rs 10 lakh), and new Tarun Plus (Rs 10 lakh to Rs 20 lakh).
• No collateral required for loans up to Rs 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 Rs 32.61 lakh crore.
• Falls under Ministry of Finance; launched on April 8, 2015.