evidence: The scheme was launched by Prime Minister Narendra Modi on 8th April 2015 to grant loans up to Rs. 10 lakhs to the non-farm small/micro enterprises, non-corporate. Under the schemes, the loans are designated as MUDRA loans under Pradhan Mantri Mudra Yojna PMMY. These loans are sanctioned by Regional Rural Banks, Commercial Banks, Microfinance Institutions, Small Finance Banks, and Non-Banking Financial Companies. [...] Any Indian Citizen willing to avail of MUDRA Loans under the Scheme has to register themselves with either a Commercial Bank, MFI, or NBFCs. MUDRA under the PMMY scheme is not lent directly to individuals or micro-entrepreneurs. [...] Mudra Loans Haven’t Created 8 crore Self-Employment Opportunities, Arjun Kumar and Vivek Kaul