New Delhi:Finance Minister Nirmala Sitharaman on Wednesday said the Pradhan Mantri MUDRA Yojana (PMMY) will continue to empower entrepreneurs, making them active participants in India’s journey towards Viksit Bharat by 2047.

Marking the scheme’s 11th anniversary, Sitharaman said PMMY has driven a “silent transformation”, enabling crores of citizens to enter entrepreneurship with confidence. Launched on April 8, 2015, the scheme focuses on “funding the unfunded” by extending credit to those outside the formal banking system.

“Eleven years later, the scheme has been instrumental in reshaping the credit landscape for MSMEs and individual entrepreneurs,” she said, adding that it has democratised access to finance by removing entry barriers. Prime Minister Narendra Modi said the scheme has redefined access to credit, empowering millions “with the confidence to dream and the means to fulfil it”.