Tue Apr 08 05:06:01 UTC 2025: **Modi Celebrates 10 Years of Mudra Yojana, Highlights Economic Empowerment**
**New Delhi, April 8, 2025** – Prime Minister Narendra Modi today celebrated the 10th anniversary of the Pradhan Mantri Mudra Yojana (PMMY), highlighting the scheme’s role in fostering entrepreneurship and economic empowerment across India. Hosting select beneficiaries at his residence, Mr. Modi stated that the PMMY has disbursed ₹33 lakh crore in loans without collateral, empowering millions to become job providers instead of job seekers.
The Prime Minister emphasized the scheme’s impact on the nation’s youth and women, noting the substantial number of women who have availed of and successfully repaid loans. He lauded the scheme’s success in promoting grassroots entrepreneurship and boosting the national economy. Anecdotes shared by beneficiaries, including a Keralite entrepreneur who returned from the UAE to establish a successful business with PMMY support, underscored the transformative impact of the initiative.
Launched in April 2015, the PMMY has sanctioned over 52 crore loans totaling ₹32.61 lakh crore, contributing significantly to India’s entrepreneurial landscape. Mr. Modi described the scheme as an “eye-opener” for governments, demonstrating the potential for economic growth through targeted financial assistance to micro and small businesses. He refuted claims of government favoritism towards the wealthy, emphasizing the widespread reach and benefit of the program to ordinary citizens. A video of the interaction was shared on X (formerly Twitter).
First Piper 