MUDRA Loan Statistics 2025-26: Sanctions, Shishu/Kishor/Tarun Split and NPA Rates

The amount sanctioned rose every year in this run, from ₹4,56,538 crore in FY 2022-23 to ₹6,14,448.93 crore in FY 2025-26. FY 2026-27 had already reached ₹3,09,480.51 crore by 16 October 2026, on provisional figures.

Accounts peaked at 6,67,77,013 in FY 2023-24 and have fallen since. With the amount still climbing, each loan is getting bigger on average.

Kishor dominates. At ₹3,52,069.17 crore it is more than five times the Shishu total, and Tarun Plus is still small at ₹15,161.31 crore in its early years.

The smallest loans went from 69.13% of accounts in FY 2022-23 to 34.58% in FY 2025-26. Lenders are now writing mostly mid-sized MUDRA loans.

Uttar Pradesh leads on money at ₹72,471.02 crore. Bihar comes second on money but actually had more accounts than Uttar Pradesh, which tells you its loans were smaller.

PMMY by loan category, FY 2025-26 (amounts in ₹ crore)

Source: Micro Units Development & Refinance Agency Ltd. (MUDRA), PMMY - Overall Performance Report, Financial Year 2025-26. Download as image

PMMY sanctions and disbursements by year (amounts in ₹ crore)

Source: Micro Units Development & Refinance Agency Ltd. (MUDRA), MUDRA Annual Report 2022-23 (Table 2: Categories of MUDRA loans and beneficiaries); Micro Units Development & Refinance Agency Ltd. (MUDRA), MUDRA Annual Report 2023-24 (Table 2: Categories of MUDRA loans and beneficiaries); Micro Units Development & Refinance Agency Ltd. (MUDRA), MUDRA Annual Report 2024-25 (Table 2: Categories of MUDRA loans and beneficiaries); Micro Units Development & Refinance Agency Ltd. (MUDRA), PMMY - Overall Performance Report, Financial Year 2025-26. Download as image

NPA rates on PMMY loans at scheduled commercial banks (Rajya Sabha reply, 19 August 2025)

Source: PTI via Outlook Business, NPA Against Outstanding Amount Under Mudra Yojana rises to 9.8% at Mar 2025 (PTI report of a Rajya Sabha written reply). Download as image

Top 10 states/UTs by PMMY amount sanctioned, FY 2025-26 (amounts in ₹ crore)

Source: Micro Units Development & Refinance Agency Ltd. (MUDRA), PMMY - State wise Performance, Financial Year 2025-26. Download as image

How much MUDRA loan money was sanctioned in 2025-26?

Lenders sanctioned ₹6,14,448.93 crore under PMMY in FY 2025-26 and disbursed ₹6,04,617.73 crore. The gap between the two is small, so once a loan is approved, the money mostly does reach the borrower.

The headline growth hides a quieter change. The number of accounts dropped to 5,00,26,549, from 5,46,61,648 in FY 2024-25 and 6,67,77,013 in FY 2023-24. Banks are lending more money to fewer people.

What does that mean on the ground? A bigger average loan is good news if you run a growing workshop that needs a second machine. It is less helpful if you are a home baker who wants a modest sum for an oven and finds the branch more interested in larger files.

The current year is moving at a similar pace. By 16 October 2026, MUDRA's provisional running total for FY 2026-27 showed ₹3,09,480.51 crore sanctioned across 2,27,91,746 loans. Treat that as a moving figure, since MUDRA revises it as banks report.

For scale, the scheme's first ten years, from April 2015 to March 2025, added up to 53.31 crore accounts and ₹34,42,065 crore sanctioned. Some people borrow more than once, so the account count is not the same as the number of people helped.

Why are Shishu loans shrinking and Kishor loans growing?

Shishu loans cover up to ₹50,000. Across the scheme's first decade they made up 77.27% of accounts. In FY 2025-26 they were down to 34.58% of accounts and just 11.20% of the money.

Kishor loans, from ₹50,000 to ₹5 lakh, filled the space. They accounted for 3,04,31,772 accounts in FY 2025-26, or 60.83% of all accounts and 57.30% of the amount sanctioned.

Part of this is borrowers graduating. A street food seller who repaid a Shishu loan can come back for a Kishor loan to buy a cart and a fridge. Part of it is probably lender preference: a bigger loan costs a bank about the same to process as a tiny one.

If you are a first-time borrower who only needs a small sum, this matters. You may find the branch nudging you toward a larger amount than you asked for. Borrow what your cash flow can repay, not what the officer finds easier to book.

What is the NPA rate on MUDRA loans?

The government told the Rajya Sabha in a written reply in August 2025 that NPAs on PMMY loans at scheduled commercial banks stood at 9.81% of the outstanding amount in March 2025, up from 5.47% at the end of March 2018. Measured against the total amount ever disbursed, the rate was 2.19%, down from 2.71%.

Both figures are true. They just divide by different things. The outstanding measure compares bad loans with what borrowers still owe today, and it is the better guide to current stress. For comparison, NPAs across all MSME lending were 3.60% of outstanding in March 2025.

For you, a higher NPA rate usually means tighter checks. Expect banks to ask for bank statements, GST returns or proof of steady orders, and to look closely at your credit report. It also means a missed EMI gets noticed fast, and a MUDRA default stays on your credit history when you later want a bigger loan.

Which states get the most MUDRA loans?

Uttar Pradesh led FY 2025-26 with ₹72,471.02 crore sanctioned, followed by Bihar at ₹58,663.12 crore and Maharashtra at ₹54,907.23 crore.

The account counts tell a different story. Bihar had 65,26,691 accounts, more than Uttar Pradesh's 62,73,326. Maharashtra had only 39,10,312 accounts but slightly more money than West Bengal, which had 50,58,674. Loan sizes clearly differ a lot between states, which likely reflects local business costs and how each state's banks use the scheme.

If you live in a state with fewer, larger loans, do not read that as a sign you must borrow big. Branch practice varies from one district to the next. Ask the bank which category your request falls under, what documents it wants for that category, and how long sanction usually takes. Then compare at least two lenders, including a regional rural bank or small finance bank if one operates near you.

How many MUDRA loans go to women and new businesses?

Women entrepreneurs held 2,88,67,071 accounts in FY 2025-26, which is 57.70% of all accounts. Their share of the money was lower, at 35.84%, or ₹2,20,247.65 crore. Women borrowers are getting in the door, but their loans are smaller on average.

New entrepreneurs and new accounts made up 1,31,83,459 accounts and ₹2,01,409.93 crore sanctioned. So the scheme still reaches plenty of first-time borrowers.

If you are a woman running a home business, the gap between account share and money share is worth knowing before you apply. Have your numbers ready to justify the amount you actually need, whether that is stock for a saree business or equipment for a beauty parlour, rather than accepting a smaller sanction by default.

What to do before you take a MUDRA loan

A MUDRA loan is still a bank loan. It carries interest, a repayment schedule and consequences for default, and the paperwork you sign at the branch sets all of that. A little preparation before you apply saves trouble later.

• Work out the EMI against your slowest month, not your best one. If a client pays late, the bank still debits on the due date.
• Line up your client contracts first. A freelancer whose clients pay on vague 'final approval' terms, or with no late fee, will struggle to plan repayments. Fix those terms before you commit to a fixed EMI.
• Ask for the sanction letter and loan agreement in writing before signing, and read the interest reset, penal charge and security clauses.
• Decline add-on insurance or other products you did not ask for, unless you actually want them.
• Keep your Udyam registration and GST records current. They make the next, larger loan easier to get.
• If repayment gets tight, talk to the branch before you miss an EMI. Restructuring is easier to discuss before an account turns into an NPA.

Sources and method

Every number on this page comes from the sources below, each opened and read on or before October 18, 2026. A second, independent review checked every figure against its source and corrected anything that did not match. Figures that could not be confirmed were left out.

1. Micro Units Development & Refinance Agency Ltd. (MUDRA), PMMY - Overall Performance Report, Financial Year 2025-26 (Financial Year 2025-26 (PDF dated 4 June 2026))
2. Micro Units Development & Refinance Agency Ltd. (MUDRA), PMMY - State wise Performance, Financial Year 2025-26 (Financial Year 2025-26)
3. Micro Units Development & Refinance Agency Ltd. (MUDRA), MUDRA homepage: PMMY running totals for Financial Year 2026-2027 (provisional) (Last updated 16/10/2026)
4. Micro Units Development & Refinance Agency Ltd. (MUDRA), MUDRA Annual Report 2024-25 (Table 2: Categories of MUDRA loans and beneficiaries) (Annual Report 2024-25)
5. Micro Units Development & Refinance Agency Ltd. (MUDRA), MUDRA Annual Report 2023-24 (Table 2: Categories of MUDRA loans and beneficiaries) (Annual Report 2023-24)
6. Micro Units Development & Refinance Agency Ltd. (MUDRA), MUDRA Annual Report 2022-23 (Table 2: Categories of MUDRA loans and beneficiaries) (Annual Report 2022-23)
7. PTI via Outlook Business, NPA Against Outstanding Amount Under Mudra Yojana rises to 9.8% at Mar 2025 (PTI report of a Rajya Sabha written reply) (19 August 2025)