evidence: In April 2015, the Pradhan Mantri MUDRA Yojana (PMMY) was introduced with the objective of providing micro entrepreneurs and non-farm small businesses with simple, collateral-free microcredit up to Rs 20,00,000. [...] Previously, the maximum amount of loan that can be availed of under PM Mudra loan was set at Rs 10,00,000, which will help a lot of micro small and Over 47 crore small and new entrepreneurs have benefited from the Pradhan Mantri MUDRA Yojana (PMMY), which has disbursed loans totaling Rs 27.75 lakh crore to date. Rs 47,19,91,954 loans have been approved under the program thus far.