Sunday, October 25, 2020
Home India Mudra Yojana hasn't grown the way I wanted: Modi

Mudra Yojana hasn’t grown the way I wanted: Modi

New Delhi: Prime Minister Narendra Modi said on Sunday that the pace of enrolment for the Pradhan Mantri MUDRA Yojana (PMMY) to help small entrepreneurs had not picked up the way he expected it to.

“Though the MUDRA (Micro Units Development and Refinance Agency) Yojana is in place to help small entrepreneurs, the speed at which I want to go with it has not been attained,” Modi said in his Mann Ki Baat address on All India Radio.

“But the beginning is good. So far about 66 lakh people have benefited … with Rs.42,000 crore spent. I am happy to announce that out of 66 lakh people, some 24 lakh are women,” he said.

“And the majority of these beneficiaries are from among the Scheduled Caste, Scheduled Tribe and Other Backward Class, people who stand up and themselves take responsibility to take care of their families.

“…PMMY funds the unfunded and is thus focused on empowering people in the true sense,” he said.

“It provides a boost to three Es – Enterprises, Earning and Empowerment. The scheme encourages enterprises, provides the opportunity for earning, and in the truest sense empowers people. It is helping small entrepreneurs.”

“The scheme is trying to help small workers such as barbers, laundrymen, milkmen, newspaper vendor…”

The prime minister said: “I got to know of Mamta Sharma from Bhopal, who got Rs.40,000 from the MUDRA Yojana.

“She is now running a business of making wallets. She would make wallets earlier too but she would have a lot of problems because of heavy interest rates,” he said.

The PMMY, under the MUDRA Bank, has been created for the development and refinancing of micro units.

(IANS)

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,778FollowersFollow

Most Popular

Stars and Planets Grow Up Together, says Study

In a unique study, astronomers have found compelling evidence that the planets begin forming while stars are still infants and they grow up together...

Diana Penty Talks About Digitalizing Fashion Shows

In a day and age where most things are digital and everything has moved online, one would imagine the same to be the case...

New AI Predicts Risks of Developing Acute Kidney Injury

A new artificial-intelligence-based tool can help clinicians predict which hospitalized patients face a high risk of developing acute kidney injury (AKI), say, researchers, including...

Artificial Limbs to Differently-Abled by Charitable Body

Narayan Seva Sansthan, which runs charitable hospitals in the country for the differently-abled, particularly polio-affected and those affected by birth, has launched a campaign...

Need for Continuing the Polio Immunization During Pandemic

As World Polio Day is observed around the globe amid the COVID-19 pandemic on Saturday, experts underlined the need for continuing the polio immunization...

Patients with NCD More Vulnerable to COVID in India

Researchers have revealed that the COVID-19 pandemic came as a double blow for people with non-communicable diseases (NCDs) such as diabetes, cancer, respiratory problems,...

How to Check if Something is an Online Scam

While there’s no failsafe way to recognize a scam, it never hurts to be vigilant. You can protect yourself when you know what to...

Washing Hands Thoroughly is Far off the Basics

Medical authorities have made themselves clear: washing our hands thoroughly and frequently with soap, or using a hand sanitizer in absence of soap and...

Recent Comments