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What milestone did Pradhan Mantri Mudra Yojana (PMMY) loans surpass in FY24?
A)
?10 Lakh Crore
B)
?8 Lakh Crore
C)
?6 Lakh Crore
D)
?5 Lakh Crore

Correct Answer :   ?5 Lakh Crore


In FY24, Pradhan Mantri Mudra Yojana (PMMY) loans surpassed the ?5 lakh crore mark, reaching ?5.20 lakh crore in disbursements.

This milestone reflects the program's success in providing collateral-free institutional credit to small businesses, with significant growth and lower delinquency rates, driven by effective credit management mechanisms and empowering women entrepreneurs.

Published On : April 9, 2024
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