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PMMY

Mudra loan limit increase to Rs 20 lakh notified

As announced by Finance Minister Nirmala Sitharaman in the 2024-25 Union Budget, the limit of Mudra loans under the Pradhan Mantri Mudra Yojana (PMMY) has been enhanced from current Rs 10 lakh to Rs 20 lakh.

More than 34.42 crore loan accounts opened since launch of the PMMY

Pradhan Mantri Mudra Yojana (PMMY) stands for social justice in action and embodies the true spirit of ‘Sabka Saath, Sabka Vikas’, as envisioned by the Hon’ble Prime Minister, Union Finance Minister Nirmala Sitaram said today on the seventh-anniversary celebrations of PMMY scheme in the capital.