Editorial
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| PMMY Redefines Access To Credit | | | | Prime Minister Mudra Yojana (PMMY) has redefined access to credit by empowering millions with the confidence to dream and the means to fulfil it.
The PMMY was launched in 2015 with an aim to provide credit of up to Rs 10 lakh to small entrepreneurs and act as a regulator for micro-finance institutions. Its targets were young educated or skilled workers and entrepreneurs including women entrepreneurs. The scheme removed the barriers by trusting the aspirations of people and helped in strengthening the spirit of enterprise across India.
At its core, the Mudra Yojana sought to address a long-standing gap in India’s financial ecosystem: the exclusion of small entrepreneurs from formal credit | |
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