Mudra Yojana: Government distributed 23.2 lakh crore Mudra loan, 40 crore people got new flight.
Under the Mudra Yojana, which provides loans to Micro, Small and Medium Scale Enterprises (MSMEs) on easy terms without collateral, loans worth Rs 23.2 lakh crore have been disbursed to more than 40 crore beneficiaries in eight years.
Among its beneficiaries, 51 are tribals, Dalits and backward class people. 68 per cent loan accounts are opened in the names of women. This loan scheme, launched with the aim of strengthening the economy through MSMEs and creating employment opportunities at the grassroots level, has provided direct and indirect employment to 1.12 crore people.
80 million people first generation entrepreneurs
Eight crore (21 per cent) of the total beneficiaries of the scheme are first generation entrepreneurs. These are people who do not have a business or professional background. In this scheme, interest subvention of two percent is also available on prompt repayment of Shishu loans.
three types of loans
Under the scheme, loans are given in Shishu, Kishor and Tarun categories depending on the maturity status of the business. Loans are given up to Rs.50,000 in the Shishu category, up to Rs.5 lakh in the Kishor category and up to Rs.10 lakh in the Tarun category.
These activities get loan
Agriculture related activities like- poultry, dairy, bee keeping. Apart from this, loans are given under this scheme for activities in the manufacturing, trading and service sectors.
Role played in enriching the lives of Indians
Terming the scheme as a way for Indians to showcase their entrepreneurial skills, Prime Minister Narendra Modi on Saturday said, Pradhan Mantri Mudra Yojana has played a key role in ensuring a life of dignity as well as prosperity for countless Indians by funding the unfunded. Today, as Mudra Yojana completes eight years, we salute the entrepreneurship and enthusiasm of all those who benefited from it and became wealth creators.
Extensive contribution made in Make in India
Union Finance and Corporate Affairs Minister Nirmala Sitharaman said, this scheme launched under the visionary leadership of the Prime Minister, the development of MSMEs has contributed enormously to Make in India, as strong domestic MSMEs have a significant impact on domestic markets as well as exports. increased more. It proved to be a game changer in terms of boosting the Indian economy and generating employment. According to the Finance Ministry, the target of the scheme has been achieved.
The aim is to save small businessmen from the clutches of moneylenders
Minister of State for Finance Bhagwat Karad said, PMMY aims to make MSMEs a part of the formal economy and bring small traders out of the clutches of moneylenders. He told that there are three main pillars of the scheme. Firstly, to provide banking facilities to the underprivileged. Second, to secure the unsecured and third to finance the unbanked.
