Launched in April 2015 by the Department of Financial Services, Pradhan Mantri Mudra Yojana (PMMY) continues to democratise credit access by providing collateral-free loans up to ₹20 lakh through scheduled commercial banks, NBFCs and microfinance institutions to individuals launching...
India’s public sector banks are quietly reshaping MSME financing through digital-first credit assessment models, with measurable results now beginning to show. Between April 1 and December 31, 2025, public sector banks sanctioned over 3.96 lakh MSME loan applications, amounting...
