New Delhi, April 7 -- Over 52 crore loans worth Rs 32.61 lakh crore have been sanctioned under the PM Mudra Yojana as the scheme completes 10 years of its launch on April 8, 2015, according to official figures. The scheme has helped to spread business growth to small towns and villages, where first-time entrepreneurs are taking charge of their destinies, a senior official said.

According to the "Outcomes of ModiNomics 2014-24| report by SKOCH, at least 5.14 crore person-years of employment on average every year have been generated since 2014, with the PMMY itself adding 2.52 crore steady and sustainable employment as an average per year since 2014.

One example of this transformation is J&K; it has highly benefited under the MUDRA scheme...