Pradhan Mantri Mudra Yojna was launched by the Honorable Prime Minister of India Shri. Narender Modi on 8th April 2015. Under the Pradhan Mantri Mudra Yojna (PMMY), 3 types of loans are given from the bank such as Shishu, Kishor, and Tarun, where Loan up to 10 lakh can be availed in the Tarun category. The government of India established a new organization called MUDRA (Micro Units Development & Refinance Agency Limited), Which takes the responsibility for the development and refinancing of small firm loans made under the PMMY program. This study focused on the performance of Mudra Yojana, data in this research work has been collected from secondary sources such as various journals, articles, and MUDRA websites. The aim of the research paper is to study the performance of different Categories under MUDRA Scheme, evaluate the loan sanction by financial institutions in the different states of India, and critically evaluate the Pradhan Mantri Mudra Yojana (PMMY). The paper analysed based on secondary sources like State-wise Performance, Regional wide analysis, Agency wise Achievement, and Assistance to less privileged sections.