Today Prime Minister Narendra Modi said under the Mudra yojana scheme banks and financial institutions have funded 6 lakh crore rupees benefitting 12 crore candidates. Of the total beneficiaries, 28 percent are first time entrepreneurs. He further stated that 9 crore women were given funds. Among the fund recipients, around 55 percent belonged to SC/ST/OBC categories.
Pradhan Mantri Mudra Yojana(PMMY) was launched on 8th April 2015 by Prime Minister Narendra Modi to help non- corporate, non-farm small micro-enterprises by providing loans up to Rs. 10 lakhs.