sulabh swatchh bharat

Saturday, 25-May-2019

Pradhan Mantri Mudra Yojana

Mudra scheme adds wings to the flight of the youth. Making them self dependent by providing the opportunities, they will be able to write their future on their own and the dream of strong and prosperous India will be fulfilled. - Prime Minister Narendra Modi

The Prime Minister had launched the Micro Units Development and Refinance Agency Ltd. (MUDRA) to fund the unfunded section of the society. There are 5.7 crores entrepreneurs in the unorganised sector who hold 11 crore jobs. Thus, at the bottom of the economic structure are these unfunded sections of society dependent upon exploitative money lenders 
The Mudra Yojna envisages 120 partners, including public sector commercial banks, and rural banks. In fiscal year 2015-16, a total amount of Rs.1.22 lakh crores were set aside to be given to these unfunded sections of Indian society. 
The three categories of loans are; Shishu – upto Rs. 50,000 Kishore – Rs. 5,00,000 and Tarun – Rs. 10,00 000. This Yojna will continue for the next few years. The targeted beneficiaries are six crore people who need to be developed into India’s small entrepreneurs. They will all be issued debit cards, which will allow withdrawal of money through ATMs.