As India celebrates 10 years of the Pradhan Mantri Mudra Yojana (PMMY), its role in transforming the financial ecosystem—particularly the banking sector, from one marked by opacity, inefficiency, and delays to a model of transparency and inclusivity—has been profound. Before 2014, countless small enterprises languished outside the formal credit system. PMMY changed that narrative by unlocking collateral-free loans, empowering millions of entrepreneurs, and turning micro dreams into macro impact. By
India is breaking new ground daily, consistently surpassing global benchmarks in both speed and scale, leaving its international counterparts trailing. Almost close to half of global digital transactions happen in India. India’s GDP surged by 8.15% year-on-year for FY 2023-24, solidifying its position as the world’s fastest-growing major economy.[1] Its GDP growth is forecast to be 7% for FY 2024-25. In 2024, a new record was set in terms of
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