"MUDRA Yojana: funding the unfunded. The 3Es of MUDRA - enterprise, earning and empowerment," he said in a tweet. Under Pradhan Mantri MUDRA Yojana (PMMY), loans between Rs 50,000 and Rs 10 lakh are provided to small entrepreneurs.

Giving details, PM Modi said an amount of Rs 42,520.08 crore has been disbursed under the scheme to over 66 lakh borrowers. Of the borrowers, over 23.50 lakh are women and 32.86 lakh are new entrepreneurs. As many as 22,01,944 borrowers belong to SC/ST and OBC categories.

The Micro Units Development and Refinance Agency Ltd (MUDRA) focuses on the 5.75 crore self-employed who use funds totalling Rs 11 lakh crore and provide jobs to 12 crore people.

The scheme was launched by the Prime Minister Narendra Modi in April. Three products available under the PMMY are Shishu, Kishor and Tarun, to signify the stage of growth and funding needs of the beneficiary micro unit or entrepreneur.

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