The Central government approved Rs.2 Lakh crore for Pradhan Mantri Mudra Loan Yojana
With the intention of providing better entrepreneurship and to develop the small scale business sectors in the nation, the central government India announced the MUDRA yojana in the union budget presented for the financial year 2016. To achieve the developed status, the nation should have better infrastructure under which its citizens can be employed full-fledged along with the improvement in all the sectors. On account of boosting the employment rates in the nation, the central government drives potential youths towards the entrepreneurship program as it provides better infrastructure for job opportunities and also lays strong foundation for the nation’s growth.
However, for getting talented potential youths in the entrepreneurship program proper investments should be done for which majority of the youths gets failed, so with the aim job creation the central government led by Mr. Modi introduced this MUDRA yojana by which financial assistance will be provided to the small scale businesses which are not linked with the corporate.
Pradhan Mantri Mudra Yojana – A quick glance
The loan amount under this Mudra yojana is provided upon three categories which are main distinguished depending upon the needs of the businesses. Also the loan amount too gets varied in those three categories. With proper documents and proofs, eligible business owners can avail loan amount from all the nationalized banks in India.
Ever since the PM’s Mudra yojana was introduced from the year 2015, the loan amount of Rs. 1 lakh Crore has been allotted to the Mudra family. However, those limits are now raised to double recently after witnessing its successes across the nation.
President speech about the Pradhan Mantri Mudra Yojana
On the eve of the union budget submission for the financial year 2017 – 2018, the first citizen of India Mr. Pranab Mukherjee while addressing the public quoted that the results showed after the implementation of the PM’s Mudra Yojana was possessed positive results and to get better from the ambitious scheme, the government is doubled the loan amount.
During his speech, the president has commented that the as the Mudra scheme is helping poor people to state their business, the approval for granting higher amount is considered and also he pointed that the nation is experiencing significant growth in the women empowerments and the centre is about to launch more effective programs for improving the farmers livelihood in the nation.
Key Points about PM Mudra Yojana
- By doubling the loan amount of the Mudra Yojana scheme, here after the banks can lend loan amount for the startups with the nation to the whooping amount of Rs. 2 lakh crore.
- And to boost the entrepreneurship among the talented youths and potential adults the government granted up to Rs.5.6 Crore loan amount for starting new businesses.
- While announcing the details for doubling the loan amount in Mudra yojana, the President of India marked that the women empowerment will be focused mainly with the scheme PM Matritva Yojana.