India is home to the world's largest middle class, the majority of whom work in small-scale businesses and agriculture. These people primarily rely on usurers to meet their financial demands, and it is believed that over 80% of people in agriculture and small business depend on them on these lenders. To support such underprivileged people of India, our government has come up with many microfinance schemes. PMMY is one among those schemes for the development and upliftment of underprivileged. In order to "Fund the Unfunded," the MUDRA loan programme aims to both develop new businesses and expand current ones. The paper elaborates the performance of PMMY in Punjab. The performance analysis study is wholly dependent on secondary data collected from various annual reports, official websites of government and research journals. The period of the study is 2015 onwards. It was found that PMMY has played an immense role in providing finance to such small-scale entrepreneurs in the state.