Over Rs 35 Lakh Crore Disbursed Under MUDRA Yojana as Govt Strengthens Credit Access

By siliconindia  |  Tuesday, August 5, 2025

Over Rs 35 Lakh Crore Disbursed Under MUDRA Yojana as Govt Strengthens Credit Access
  • Over Rs 35.13 lakh crore sanctioned through 53.85 crore loans under the Pradhan Mantri MUDRA Yojana.
  • More than 55.90 crore bank accounts opened under PMJDY to boost financial inclusion.
  • New frameworks like Grameen Credit Score and digital portals enhance rural and MSME credit access.
Since its inception, the Pradhan Mantri MUDRA Yojana (PMMY) has sanctioned over 53.85 crore loans amounting to more than Rs 35.13 lakh crore, marking a significant milestone in India’s push for financial inclusion. The information was shared by Minister of State for Finance, Pankaj Chaudhary, in a written reply to the Lok Sabha.
PMMY offers collateral-free credit of up to Rs 20 lakh to micro and small enterprises, empowering self-employment and boosting income generation across the country.
Complementing this initiative, the Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in August 2014, has played a transformative role in bringing the unbanked population into the formal banking ecosystem. As of now, over 55.90 crore Jan Dhan accounts have been opened, offering benefits such as RuPay debit cards and an in-built overdraft facility.
To further expand access to finance, especially for underserved groups, the government has implemented several focused schemes. These include Stand-Up India (SUPI), PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi), PM Vishwakarma, and the Prime Minister’s Employment Generation Programme (PMEGP). These schemes aim to provide credit support to SC/ST and women entrepreneurs, street vendors, artisans, and micro-enterprises.
In a move to improve credit appraisal for individuals without conventional credit history, the government is leveraging technology and alternative data sources. A key initiative is the introduction of the Grameen Credit Score, which will assist in evaluating loan eligibility for self-help group (SHG) borrowers, farmers, and rural communities.
Additionally, public sector banks have adopted the MSME New Digital Credit Assessment Framework, integrating data from income tax returns, GST filings, and utility bill payments to enable faster and more accurate credit decisions.
The government has also launched the Jan Samarth Portal a unified digital platform that connects credit seekers with suitable government schemes, enhancing transparency and reducing application processing time.
Moreover, the Reserve Bank of India continues to mandate Priority Sector Lending (PSL) to ensure that credit reaches key sectors like agriculture, micro and small enterprises, and weaker sections of society.

ON THE DECK