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According to the data provided in the Economic Survey, the Pradhan Mantri Mudra Yojana ( PMMY ) , which was launched in April 2015 to grant loans of up to Rs 10 lakh to micro units, has sanctioned over 38 . 4 crore loans amounting to Rs 21 . 5 lakh crore since the launch . Out of the total loans sanctioned, more than 8 . 2 crore loans amounting to Rs 6 . 8 lakh crore were extended to new entrepreneurs, approximately 21 per cent of total loans extended under the scheme . Moreover, about 68 per cent ( 26 . 1 crore ) of loans were sanctioned to women entrepreneurs . In comparison, out of 5 . 07 crore loans in FY21, 3 . 33 crore were to women borrowers and in FY22, 3 . 84 crore loans were to women borrowers out of total 5 . 37 crore loans . Pradhan Mantri MUDRA Yojana ( PMMY ) is a scheme launched by the PM on April 8, 2015 for providing loans up to 10 lakh to the non - corporate, non - farm small / micro enterprises . These loans are classified as MUDRA loans under PMMY . These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs .
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