Mudra Yojana has become a job multiplier: PM Modi
Mudra Yojana has helped in relieving the entrepreneurs from the vicious cycle of moneylenders and middlemen: PM ModiMudra Yojana has opened up new opportunities for youth, women and those who wanted to start or expand their businesses: PM ModiMudra Yojana has transformed the lives of the poor: PM ModiBy aiding small and micro businesses, Mudra Yojana has helped to strengthen people economically, socially and has given people a platform to succeed: PM ModiThe Prime Minister, Shri Narendra Modi, today interacted with Mudra Yojana beneficiaries from across the country, through video bridge. The video conference is the second in the series of video bridge by the Prime Minister, interacting with various beneficiaries of Government schemes.
Expressing happiness at being able to interact with the beneficiaries, the Prime Minister said that the Mudra Yojana has become a job multiplier. He further added that the initiative has helped in relieving the entrepreneurs from the vicious cycle of moneylenders and middlemen. It has opened up new opportunities for youth, women and those who wanted to start or expand their businesses.
Under Pradhan Mantri MUDRA Yojana, Government has so fargiven out 12 crore loans worth Rs. 5.75 lakh crore. Out of which 28% of the loans worth Rs. 3.25 lakh crore were given to first time entrepreneurs.Of the total loans disbursed, 74% of the total beneficiaries were women and 55% of the loans were given to SC/ST and OBC communities.
Prime Minister, while addressing the PMMY beneficiaries, said that the scheme has transformed the lives of the poor. He said that by aiding small and micro businesses, the scheme has helped to strengthen people economically, socially and has given people a platform to succeed.
Emphasizing on creating self-employment, Prime Minister said that being self- employed is a matter of pride now and has helped people in achieving things that were considered impossible before.
During the interaction, Prime Minister said that if Mudra Yojana was implemented a few years ago, it would have helped lakhs of people to set up their own businesses and would have stopped migration to a great extent.
Interacting with the Prime Minister, beneficiaries explained how Mudra Yojana has helped to set up their own business and thereby helped to create employment for others.
Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by Prime Minister on April 8, 2015 for providing loans up to Rs. 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, Cooperative Banks, MFIs and NBFCs.
I had always wished to interact with entrepreneurs who benefited from the Mudra Yojana. Through technology it has become possible today. Glad to interact with you all: PM @narendramodi
— narendramodi_in (@narendramodi_in) May 29, 2018
Mudra Yojana has opened up new avenues for youth, women and those who wanted to start or expand their businesses. Not only this, Mudra Yojana is also acting as a job multiplier: PM @narendramodi https://t.co/Y8Vod01587
— narendramodi_in (@narendramodi_in) May 29, 2018
Mudra Yojana has protected the interests of entrepreneurs by relieving them from the vicious cycle of 'Sahukars' and middlemen: PM @narendramodi https://t.co/Y8Vod01587
— narendramodi_in (@narendramodi_in) May 29, 2018
Mudra Yojana has transformed lives of the poor. It has strengthened them economically, socially and provided them a platform to succeed: PM @narendramodi https://t.co/Y8Vod01587
— narendramodi_in (@narendramodi_in) May 29, 2018
Mudra beneficiaries from Nasik, Maharashtra share how Mudra Yojana has brought about a positive difference in their lives. https://t.co/Y8Vod01587
— narendramodi_in (@narendramodi_in) May 29, 2018
Manjunath, a young entrepreneur from Karnataka shares how through the Mudra loan, he not only expanded his business but also ensured employment for four more people. https://t.co/Y8Vod01587
— narendramodi_in (@narendramodi_in) May 29, 2018
A tea seller and sweet shop owner from Assam, Mr. Hriday Deka narrates his success story. He tells that Mudra Yojana helped him expand his expand his business and shop. The Prime Minister encouraged him to promote digital payments. https://t.co/Y8Vod01587
— narendramodi_in (@narendramodi_in) May 29, 2018
Govind from Jammu says Mudra Yojana helped him set up his business and also generated employment. PM @narendramodi encourages him to use BHIM App and promote digital payments. https://t.co/Y8Vod01587
— narendramodi_in (@narendramodi_in) May 29, 2018
Smt. Kakali Ghosh from Kolkata says she got Rs. 10 lakh under Mudra Yojana and helped her expand her business. https://t.co/Y8Vod01587
— narendramodi_in (@narendramodi_in) May 29, 2018
Smt. Kakali Ghosh from Kolkata says she got Rs. 10 lakh under Mudra Yojana and helped her expand her business. https://t.co/Y8Vod01587
— narendramodi_in (@narendramodi_in) May 29, 2018
Neegam Singh from Kinnaur district Himachal Pradesh shares his success story. he says Mudra Yojana help him establish his agriculture equipment business. He says he got Rs. 10 lakh loan. https://t.co/Y8Vod01587
— narendramodi_in (@narendramodi_in) May 29, 2018
Glad to hear experiences and success stories of Mudra beneficiaries from across the country. I also urge them to promote digital payments: PM @narendramodi https://t.co/Y8Vod01587
— narendramodi_in (@narendramodi_in) May 29, 2018
