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Loan worth 20 lakh crore disbursed under MUDRA scheme: PM Modi


Prime Minister Narendra Modi said his government is working to strengthen the micro-industry sector

Prime Minister Narendra Modi said his government is working to strengthen the micro-industry sector

On Nov. 3, Prime Minister Narendra Modi said loans worth 20 lakh crore had been disbursed so far under the Centre’s MUDRA scheme to provide self-employment opportunities for young people and added that Maharashtra was one of its main beneficiaries.

In a video message shown at an event here to distribute appointment letters as part of the Maharashtra government’s goal of providing employment to 75,000 people, Mr Modi said his government was also providing aid to start-ups and micro-industries.

The Pradhan Mantri MUDRA Yojana (PMMY) scheme was launched by the Modi government in April 2015 to provide loans of up to 10 lakh to non-farm and non-farm small/micro enterprises.

“Young people play an important role in making India a developed country. The Center has launched a program to provide 10,000 jobs and in the same spirit, the government of Maharashtra has launched a program to provide jobs to 75,000 people. It is a matter of pride that maximum recruitment will take place in the hospitality and rural development departments,” Mr Modi said.

He added that his government was working to strengthen the micro-industry sector.

Self Help Groups (SHG) in rural areas are encouraged. Over the past eight years, eight crore women working in SHGs have received funds of up to 5.5 lakh crore. SHGs have created opportunities for manufacturing and employment. As investments are made in infrastructure, job opportunities are created, he said.

The Prime Minister said railway projects worth 75,000 crore and road development projects worth 50,000 crore are ongoing through which employment opportunities have been created, he said. he adds.




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