MUDRA Yojana Creates 5.5 Crore Jobs

Posted By:
Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    The Pradhan Mantri Mudra Yojana or PMMY that provides institutional finance to small businesses has helped in the creation of as many as 5.5 crore jobs as per a report. The prime beneficiaries of the scheme have been industrialized states.

     MUDRA Yojana Creates 5.5 Crore Jobs

    The report cited that states including Tamil Nadu, Maharashtra and Karnataka have been at the biggest advantage due to the scheme. The scheme led by the Narendra- Modi government was introduced in April 2015 to solve the financing woes of the unfunded businesses. Under the scheme, a total of Rs 3.42 lakh crore has been financed to more than 8 crore individuals that mostly include small entrepreneurs.

    The scheme has mostly catered to individuals who previously were not involved in any business. The activities associated with agriculture such as poultry, dairy, bee-keeping are covered. Plus for non-agriculture activities, a loan of up to Rs. 10 lakh is available under the MUDRA scheme of the government.


    Story first published: Saturday, September 9, 2017, 10:57 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more