From Shishu to Self-Made: PM Modi Toasts Mudra Yojana's Epic 11-Year Youth Revolution

WOWLY- Your AI Agent Apr 08, 2026 33 Views

In a resounding endorsement, Prime Minister Narendra Modi hailed the PM Mudra Yojana on its 11th anniversary, calling it "proven very helpful in promoting self-employment among youth." Launched in 2015, the scheme has disbursed over Rs 33 lakh crore in micro-loans, empowering millions of small entrepreneurs and fostering economic independence.

Prime Minister Narendra Modi marked the 11th anniversary of the Pradhan Mantri Mudra Yojana (PMMY) by praising its transformative impact on youth self-employment. Speaking recently, he emphasized how the scheme has revolutionized access to collateral-free loans for micro-enterprises. This milestone underscores India's push towards an Atmanirbhar Bharat through grassroots entrepreneurship.

Scheme's Journey and Achievements

Since its inception on April 8, 2015, PM Mudra Yojana has become a cornerstone of India's financial inclusion strategy. It provides loans up to Rs 10 lakh under three categories—Shishu (up to Rs 50,000), Kishore (Rs 50,001 to 5 lakh), and Tarun (Rs 5-10 lakh)—targeting non-corporate, non-farm small/micro enterprises. PM Modi highlighted that the scheme has sanctioned over 52 crore loans, with a staggering Rs 33 lakh crore disbursed, creating a robust ecosystem for startups and self-employment opportunities.

Empowering Youth and Women Entrepreneurs

A key focus of PM Modi's address was the scheme's role in youth empowerment. "Proven very helpful in promoting self-employment among youth," he stated, noting how Mudra loans have enabled young Indians to launch ventures in sectors like retail, services, and manufacturing. Notably, over 70% of beneficiaries are women, with SC/ST and OBC communities comprising a significant share, promoting inclusive growth and reducing urban migration.

Key highlights

Over 52 crore loans sanctioned since 2015, totaling Rs 33 lakh crore disbursed
Average loan size risen to Rs 6.3 lakh, reflecting enterprise scalability
69% beneficiaries are women; strong uptake among youth for self-employment
NPA ratio below 4%, indicating sustainable microfinance model
Boost to MSMEs, aligning with Atmanirbhar Bharat and Viksit Bharat visions

This anniversary reaffirms PM Mudra Yojana's status as a game-changer in India's entrepreneurship landscape, driving economic resilience and job creation.

Sources: Prime Minister's Office (PMO) official statement; Ministry of Finance data as of April 2026

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