Jaipur, Aug 4 (IANS) The Pradhan Mantri Mudra Yojana (PMMY) has emerged as a key driver of financial inclusion and economic empowerment in Rajasthan, extending collateral-free institutional credit to small manufacturing units, micro-enterprises and street vendors.
The scheme has enabled more than 2.55 crore beneficiaries across the state to access formal financing.
According to official data, loans worth Rs 2,18,423 crore have been sanctioned to 2,55,91,381 beneficiaries in Rajasthan under the PMMY. Of these, more than 1.54 crore women have received loans amounting to over Rs 67,982 crore, accounting for nearly 60 per cent of all beneficiaries and highlighting the scheme’s role in promoting women-led entrepreneurship.
The scheme has continued to witness strong uptake in the current financial year as well. During FY 2025–26, loans worth Rs 31,460 crore have already been sanctioned to more than 23 lakh beneficiaries in Rajasthan.
Replying to an unstarred question in the Lok Sabha, Union Minister of State for Finance Pankaj Chaudhary said the PMMY has played a significant role in providing collateral-free credit to India’s non-corporate, non-farm micro and small enterprises.
As of June 2026, loans worth Rs 41.71 lakh crore had been sanctioned to more than 59.14 crore beneficiaries across the country under the scheme.
Launched in 2015, the PMMY provides collateral-free loans of up to Rs 20 lakh to eligible non-corporate small business enterprises. Loans are offered under four categories, Shishu, Kishore, Tarun and Tarun Plus, to cater to businesses at different stages of growth and varying financial requirements.
Over the years, the scheme has evolved into one of the world’s largest micro-credit ecosystems by expanding access to formal finance for millions of entrepreneurs.
It has supported a diverse range of economic activities, including manufacturing units, retail shops, fruit and vegetable vendors, truck and taxi operators, food service businesses, machine operators, artisans, food processors, small industries and street vendors.
A substantial proportion of Mudra borrowers belong to the Scheduled Castes (SC), Scheduled Tribes (ST) and Other Backward Classes (OBC). Traditionally, many of these entrepreneurs depended on informal sources of credit such as moneylenders, relatives or friends.
By facilitating access to institutional finance, the Mudra Yojana has reduced reliance on informal lending and strengthened financial inclusion while fostering entrepreneurship and self-reliance.
–IANS
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