Mudra Yojana: A Success Story

The International Monetary Fund (IMF), in its 2024 report, recognised India’s Pradhan Mantri MUDRA Yojana (PMMY) as a key pillar of grassroots financial inclusion and entrepreneurship through credit. Launched on April 8, 2015, by Prime Minister Narendra Modi, this visionary scheme has not only unlocked credit for millions but has also nurtured a culture of self-reliance. This step echoes the ideal of Swa, where the last in the social strata is empowered to shape his or her destiny.