Why in News? 

• On 8th April 2025, India celebrates 10 years of the Pradhan Mantri Mudra Yojana (PMMY). 

About Pradhan Mantri Mudra Yojana (PMMY) 

• It is a flagship scheme launched in 2015 to provide collateral-free loans to micro and small enterprises. 
• As of today, over 52 crore loans worth ₹32.61 lakh crore have been sanctioned, empowering entrepreneurs across rural and semi-urban India. 

Key Features 

• Launch Date: 8^th April 2015 
• Implementing Agency: MUDRA (Micro Units Development and Refinance Agency) 
• Loan Type: Collateral-free loans up to ₹20 lakh 
• Lending Partners: Banks, NBFCs (Non-Banking Financial Companies), MFIs (Micro Finance Institutions), and RRBs (Regional Rural Banks) 

Objectives 

• To "Fund the Unfunded"—providing formal credit access to non-corporate small businesses. 
• To shift the focus from job-seeking to job-creating, particularly in rural and semi-urban areas. 
• To promote financial inclusion and strengthen the Micro-Enterprise ecosystem.