Government Schemes & Programs Current Affairs - 2026-04-29

Background: The Pradhan Mantri Mudra Yojana (PMMY), launched in April 2015, aims to provide loans up to ₹10 lakh to non-corporate, non-farm small/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 momentum in loan disbursements under PMMY, reflecting its continued importance in supporting small businesses. The scheme has been instrumental in fostering entrepreneurship and providing crucial capital for growth and operational needs, particularly in the informal sector. Impact: PMMY has significantly contributed to financial inclusion by bringing millions of micro-enterprises into the formal banking system. It promotes self-employment, generates livelihoods, and fuels the growth of the MSME sector, which is a vital contributor to India's economy.