Government Schemes & Programs Current Affairs - 2026-04-25

Background: The Pradhan Mantri Mudra Yojana (PMMY), launched in 2015, aims to provide loans up to ₹10 lakh to non-corporate, non-farm small and micro-enterprises. It categorizes loans into 'Shishu' (up to ₹50,000), 'Kishor' (₹50,001 to ₹5 lakh), and 'Tarun' (₹5 lakh to ₹10 lakh). Current Context: Recent reports indicate a sustained high level of loan disbursement under PMMY, with millions of beneficiaries, including a significant number of women entrepreneurs, accessing credit. The scheme has been instrumental in formalizing small businesses and fostering self-employment. Impact: PMMY has significantly contributed to job creation and economic empowerment, particularly in rural and semi-urban areas. It provides crucial capital for startups and existing small businesses, enabling them to expand operations and improve livelihoods.

Background: The Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of the Government of India to support micro and small enterprises. It aims to 'fund the unfunded' by providing easy access to credit without collateral. Current Context: Data released by the Ministry of Finance shows a consistent upward trend in the number of Mudra loans sanctioned and disbursed. The scheme has successfully reached a vast number of entrepreneurs who previously lacked access to formal banking channels, thereby promoting financial inclusion. Impact: The availability of affordable credit through PMMY has enabled numerous micro and small enterprises to commence or scale up their businesses. This has led to increased economic activity, diversification of livelihoods, and a reduction in unemployment, reinforcing the scheme's role in inclusive economic development.