{"id":142227,"date":"2022-04-08T13:31:56","date_gmt":"2022-04-08T08:01:56","guid":{"rendered":"https:\/\/newsmakhani.com\/?p=142227"},"modified":"2022-04-08T13:31:56","modified_gmt":"2022-04-08T08:01:56","slug":"more-than-34-42-crore-loan-accounts-amounting-to-rs-18-60-lakh-crore-opened-since-launch-of-pradhan-mantri-mudra-yojana","status":"publish","type":"post","link":"https:\/\/newsnarad.com\/pa\/more-than-34-42-crore-loan-accounts-amounting-to-rs-18-60-lakh-crore-opened-since-launch-of-pradhan-mantri-mudra-yojana\/","title":{"rendered":"More than 34.42 crore loan accounts amounting to Rs. 18.60 lakh crore opened since launch of Pradhan Mantri Mudra Yojana"},"content":{"rendered":"

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Pradhan Mantri Mudra Yojana stands for social justice in action and embodies the true spirit of \u2018Sabka Saath, Sabka Vikas\u2019, as envisioned by the Hon\u2019ble Prime Minister\u201d: Union Finance Minister<\/strong><\/p>\n

\u201cPMMY enabling flow of credit to growing number of beneficiaries to credit-starved \u2018aspirational districts\u2019\u201d: MoS Finance<\/strong><\/span><\/p>\n<\/div>\n

DELHI\u00a0 : 08 APR 2022\u00a0<\/strong><\/div>\n
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As we celebrate the 7th<\/sup> anniversary of providing financial inclusion through the pillars of<\/strong> Pradhan Mantri MUDRA Yojana (PMMY), <\/strong>let us glance through some of the major aspects of this Scheme and its achievements.<\/p>\n

PMMY was launched by the Prime Minister Shri Narendra Modi on 8th<\/sup> April, 2015, for providing loans up to Rs. 10 Lakh to the non-corporate, non-farm small\/micro enterprises.<\/p>\n

While celebrating the 7th<\/sup> anniversary of the Scheme, Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman said, \u201cIt is noteworthy that more than 34.42 crore loan accounts amounting to Rs.18.60 lakh crore have been opened under the Scheme for the creation of income generating activities.\u201d<\/p>\n

On the theme of business environment and large-scale employment opportunities through PMMY, the Finance Minister said, \u201cThe Scheme has helped in creating an enabling environment particularly for small businesses and has helped generate large-scale employment opportunities at the grass roots level. More than 68% of the loan accounts have been sanctioned to women and 22% of the loans have been given to new entrepreneurs who had not availed any loan since the inception of the Scheme.\u201d<\/p>\n

While greeting and congratulating all the Mudra beneficiaries and urging other prospective borrowers to come forward and take part in the nation-building process, Smt. Sitharaman said, \u201cWith 51% of total loans sanctioned so far going to the SC\/ST\/OBC category, the Pradhan Mantri Mudra Yojana stands for social justice in action and embodies the true spirit of \u2018Sabka Saath, Sabka Vikas<\/em>\u2019, as envisioned by the Hon\u2019ble Prime Minister.\u201d<\/p>\n

On the occasion, Union Minister of State (MoS) for Finance Dr Bhagwat Kisanrao Karad said, \u201cThe driving force behind launching Pradhan Mantri Mudra Yojana (PMMY) has been to provide institutional credit to micro, small and medium enterprises in a hassle free\/seamless manner.\u201d<\/p>\n

\u201cBy providing assistance to 34.42 crore account holders, the scheme has been successfully reaching out to aspiring entrepreneurs, over the last seven years, since inception,\u201d the MoS Added.<\/p>\n

On the issue of credit flow, the MoS said, \u201cThe other noteworthy focus of PMMY has been able to extend credit to growing number of beneficiaries from the \u2018aspirational districts\u2019 identified by Niti Aayog, thus enabling flow of credit to these credit-starved districts.\u201d<\/p>\n

Implementation of Financial Inclusion (FI) programme in the country is based on three pillars, namely, Banking the Unbanked<\/strong>, Securing the Unsecured<\/strong> and Funding the Unfunded<\/strong>. Under this ongoing programme, these three objectives are being achieved through leveraging technology and adopting multi-stakeholders\u2019 collaborative approach, while serving the unserved and underserved as well.<\/p>\n

One of the three pillars of FI – Funding the Unfunded, is reflected in the FI ecosystem through PMMY, which is being implemented with the objective<\/strong> to provide access to credit for small entrepreneurs. PMMY focuses on the financial needs of all stakeholders, ranging from budding entrepreneurs to the hard-working farmers, through various initiatives of the scheme.<\/p>\n

It is a key initiative towards providing financial support to the marginalized and hitherto socio-economically neglected classes, Pradhan Mantri MUDRA Yojana (PMMY)<\/strong> has given wings to the dreams and aspirations of millions, along with a feeling of self-worth and independence.<\/p>\n

Let us glance at the major aspects of this PMMY and its achievements over the last 7 years:<\/p>\n

Major aspects of Pradhan Mantri Mudra Yojana (PMMY):<\/strong><\/p>\n