Gujarat govt disburses Rs70,000 crore in loans in five years under PM Mudra Yojana

ANI April 8, 2025 146 views

The Pradhan Mantri Mudra Yojana has transformed economic opportunities for small entrepreneurs across Gujarat. Launched by Prime Minister Narendra Modi in 2015, the scheme provides collateral-free loans to micro and small enterprises. Gujarat has seen remarkable growth, with loan disbursements rising from Rs11,239 crore to Rs19,607 crore in just four years. The initiative has not only boosted economic independence but also created significant employment opportunities, particularly for marginalized communities.

"Over the past ten years, the scheme has sanctioned collateral-free loans worth more than Rs33 lakh crore" - Narendra Modi
Gandhinagar, April 8: Between 2020-21 and 2024-25 financial years (up to November 2024), a total of Rs70,051 crore in loans has been disbursed under the Pradhan Mantri Mudra Yojana in Gujarat, said the State government in a press release.

Key Points

1

Gujarat disburses Rs70,051 crore in Mudra Yojana loans

2

Scheme generates 11.10 crore jobs nationwide

3

47% beneficiaries from SC/ST/OBC communities

To facilitate easy access to institutional credit for the country's micro, small, and medium enterprises, the Pradhan Mantri Mudra Yojana was launched on 8 April 2015 under the leadership of Prime Minister Narendra Modi. The scheme is designed to empower small traders, emerging startups, and aspiring entrepreneurs by extending financial assistance to help them expand their ventures. In Gujarat, the scheme has been implemented extensively, said the State government.

During an interaction with beneficiaries of the PM Mudra Yojana on Tuesday, Prime Minister Narendra Modi stated that over the past ten years, the scheme has sanctioned collateral-free loans worth more than Rs33 lakh crore, fostering social inclusion and economic independence.

In Gujarat, the number of accounts rose from 1.42 crore in 2020-21 to 1.95 crore by 2023-24. Notably, 80.5 lakh new accounts were opened in the current financial year up to November 2024.

Under the PM Mudra Yojana, loan sanctions in Gujarat rose from Rs11,239 crore in 2020-21 to Rs19,607 crore in 2023-24, reflecting a substantial 74% increase over four years. In the current financial year 2024-25, loans amounting to Rs9,708 crore have already been disbursed up to November 2024.

As per a NITI Aayog report assessing the impact of PM Mudra Yojana, the scheme has generated over 11.10 crore jobs nationwide in the ten years since its launch. Significantly, 47% of these employment opportunities have benefited individuals from SC, ST, and OBC communities, with most jobs created in the manufacturing, trading, and service sectors.

Launched in April 2015, the PM Mudra Yojana aims to provide hassle-free, collateral-free loans to individuals for launching or expanding their businesses. The scheme offers loans through banks and financial institutions in four categories: Shishu (up to Rs50,000), Kishore (Rs50,000 to Rs5 lakh), Tarun (Rs5 lakh to Rs10 lakh), and the newly introduced Tarun Plus (Rs10 lakh to Rs20 lakh). In Gujarat, countless small traders and startups have utilised the scheme to become self-reliant and scale their enterprises.

Reader Comments

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Rahul P.
This is truly transformative! My cousin in Ahmedabad got a Mudra loan to expand his small textile shop and now employs 4 more people. More power to such schemes 👏
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Priya M.
While the numbers look impressive, I wish there was more transparency about repayment rates. Some small business owners in my area are struggling with loan repayments after COVID setbacks.
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Sanjay K.
11 crore jobs nationwide is no small feat! Gujarat leading the way as always 💪 The manufacturing sector boost is exactly what our economy needs right now.
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Neha T.
Used the Shishu loan to start my homemade pickle business in Surat! Process was surprisingly smooth at our local bank branch. Two years later, I'm supplying to 15 shops in the city 😊
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Amit R.
The 47% representation from SC/ST/OBC communities is the real success story here. Financial inclusion at its best!
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Meena S.
Does anyone know if there's special training provided along with these loans? Money is great but business skills are equally important for first-time entrepreneurs.

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Tags:
Mudra Yojana Narendra Modi Gujarat Loans Entrepreneurship Small Business MSME Development
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