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India's PMMY loan scheme boosts financial inclusion, especially empowering women in underdeveloped states.
A recent SBI Research report highlights that the Pradhan Mantri Mudra Yojana (PMMY) is significantly boosting financial inclusion in underdeveloped Indian states.
The scheme, which provides collateral-free loans up to Rs 20 lakh to micro-enterprises, has shown greater impact in financially weaker regions.
States with higher disbursements to women have seen increased employment in women-led MSMEs, with 68% of account holders being women.
Per woman disbursements have grown by 13% annually, and deposits by 14%, making PMMY a key tool for women's economic empowerment.
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El plan de préstamos PMMY de India impulsa la inclusión financiera, especialmente empoderando a las mujeres en estados subdesarrollados.