The flagship government scheme was launched on April 8, 2015.

CM Dhami attributed the initiative with empowering youth, women, and small entrepreneurs by providing collateral-free loans and expanding self-employment opportunities. In a post on X, he said, “The visionary leadership of the Hon’ble Prime Minister Shri @narendramodi ji has launched the ‘Pradhan Mantri Mudra Yojana,’ which stands as a symbol of the historic journey toward economic empowerment and self-employment. Over the past 11 years, this scheme has given birth to a new revolution of self-reliance across the country. By providing loans without collateral, this initiative has offered millions of youth, small traders, artisans, and women the opportunity to turn their dreams into reality.”

He added, “In Devbhoomi Uttarakhand as well, numerous young people have established their self-employment ventures through Mudra loans under this scheme, which has not only strengthened their economic condition but also given a new momentum to job creation in the state. In the hilly regions, micro-enterprises, homestays, self-employment-based activities, and women’s self-help groups have received special benefits from this scheme. Heartfelt thanks to the Hon’ble Prime Minister ji for this scheme, which aids in realising the resolve of Antyodaya!”

The PMMY facilitates micro credit and loans up to Rs 20 lakhs for income-generating micro enterprises operating in the non-farm sector, including manufacturing, trading, or services, as well as allied agricultural activities such as poultry, dairy, and beekeeping. The scheme offers financial assistance through Member Lending Institutions to non-corporate, non-farm sector activities of micro and small entities.

These entities include millions of proprietorship and partnership firms engaged as small manufacturing units, service providers, shopkeepers, fruit and vegetable vendors, truck operators, food-service units, repair shops, machine operators, small industries, artisans, and food processors.