PM Modi Celebrates 11 Years of PM Mudra Yojana's Impact on Self-Employment
Prime Minister Narendra Modi recently celebrated the 11th anniversary of the PM Mudra Yojana, emphasizing its crucial role in fostering self-employment and empowering the youth of India. He highlighted that the initiative has successfully provided over 58 crore collateral-free loans, significantly benefiting women and small businesses. Union Home Minister Amit Shah also praised the scheme for enhancing access to finance for startups and traders. The PM Mudra Yojana aims to promote grassroots entrepreneurship by offering easy loans for income-generating activities, marking a significant step towards a self-reliant India.
| Apr 8, 2026, 13:02 IST
Celebrating the Milestone of PM Mudra Yojana
On Wednesday, Prime Minister Narendra Modi marked the 11th anniversary of the Prime Minister Mudra Yojana (PMMY), highlighting its significant role in promoting self-employment and empowering the youth of the nation. In a post on X, he emphasized that providing the right opportunities is crucial for both personal and national development. He noted that the PMMY, launched exactly 11 years ago today, has been instrumental in encouraging self-employment among young people. The success of this initiative illustrates that when individuals are given the right opportunities, they can not only become self-reliant but also contribute to the nation's progress. He stated that self-awareness is the beginning, and patience is the strength of faith.
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Modi further remarked that true wisdom lies in remaining undeterred by adversities. Union Home Minister Amit Shah also took to Twitter to share that over the past 11 years, more than 58 crore collateral-free loans worth over ₹40 lakh crore have been disbursed under the PMMY, bolstering self-employment and small industries across the country. Shah noted that this scheme has empowered small traders, startups, and youth by improving access to finance.
He added that under the leadership of the Modi government, small traders and startups have been provided with collateral-free loans, giving new strength to self-employment and small industries. In these 11 years, over ₹40 lakh crore worth of loans have been distributed under this welfare scheme, benefiting 12 crore youths who are energizing the journey towards a self-reliant India.
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He further stated that women have gained the most from this scheme, with two out of every three loans being granted to women, marking a historic achievement in women's empowerment and self-reliance. The Prime Minister launched the PM Mudra Yojana on April 8, 2015, to promote grassroots entrepreneurship. This initiative provides easy and collateral-free loans of up to ₹20 lakh for non-corporate and non-agricultural income-generating activities. The implementation of this financial inclusion program is based on three pillars: providing banking facilities to the unbanked, offering security to the unsecured, and financing those who are not funded.