PM Narendra Modi will interact with the beneficiaries of Mudra Yojana today
New Delhi: At about nine in the morning on Tuesday, Prime Minister Narendra Modi will meet with recipients of the Mudra Yojana. According to an official on Monday, the Prime Minister‘s flagship programme, Pradhan Mantri Mudra Yojana, which aims to finance small companies and underfunded microenterprises, has approved 50 crore loan accounts in the last 10 years.
“The Prime Minister launched this business scheme for those who want loans without any guarantee,” Department of Financial Services Secretary M. Nagaraju told the media report in reference to the Pradhan Mantri Mudra Yojana’s tenth anniversary. Over the last ten years, we have approved 50 crore loan accounts and disbursed a total of Rs 33 lakh crore in loans. Of them, 50% are from Scheduled Castes, Scheduled Tribes, and Other Backward Communities, and 68% are women who get benefits. The online site allows recipients to apply for loans.
India celebrates the tenth anniversary of the Pradhan Mantri MUDRA Yojana (PMMY) today, according to a statement released by the Ministry of Finance.
The Prime Minister’s flagship programme, PMMY, was created to finance small companies and unfunded microbusinesses. MUDRA paved the way for a new age of grassroots business by easing access and eliminating the need for collateral.
Lives have changed all around the nation. In Delhi, Kamlesh, a home-based tailor, increased her business, hired three more women, and sent her kids to a reputable school. After starting with 50 brooms each day, Bindu is now in charge of a facility that produces 500. These are no longer the exceptions. The Ministry claims that they are indicative of a broader change.
Thanks to a system that saw their potential, crores of micro-entrepreneurs have confidently gone forward from sewing units and tea stands to hairdressers, mechanic shops, and mobile repair firms. According to the statement, PMMY has facilitated these travels by providing institutional credit to micro, small, and non-corporate businesses that are the foundation of India’s economy.
The MUDRA Yojana is fundamentally a tale of faith. Have faith in people’s goals and their capacity for growth. According to the phrase, have faith that even the tiniest ambitions should be given a chance to develop.
