On the occasion of the 10th anniversary of the Prime Minister’s MUDRA Yojana (PMMY) at 7, Lok Kalyan Marg in New Delhi, Prime Minister Narendra Modi interacted with beneficiaries of the scheme. He expressed heartfelt gratitude to all present and highlighted the cultural significance of welcoming the guests. He invited participants to share their experiences.
During the interaction, the Prime Minister emphasized the importance of gratitude towards those who believe in individuals’ potential, especially during challenging times. He encouraged beneficiaries to invite bank officials who approved their loans to showcase the progress made, highlighting that such actions would not only acknowledge their trust but also inspire confidence in supporting dreamers.
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Key Success Stories Shared:
- Gopi Krishna from Kerala: A successful entrepreneur in renewable energy, who transitioned from working in Dubai to creating job opportunities in his community.
- A Woman Entrepreneur from Raipur: Founder of ‘House of Puchka,’ who shared her inspiring journey from home-cooked meals to running a successful café business.
- Mudasir Nakshbandi from Baramulla, Kashmir: Owner of ‘Bake My Cake,’ who transformed from a job seeker to a job provider, creating employment for 42 people.
- Suresh from Vapi: His entrepreneurial journey from a job in Silvassa to becoming a successful businessman, inspiring others to consider MUDRA loans.
- Lovkush Mehra from Bhopal: Started a pharmaceutical business with a loan of 5 lakh rupees, growing it significantly despite initial doubts.
- A Young Entrepreneur from Bhavnagar, Gujarat: Established ‘Aditya Lab’ with a loan for 3D printing and robotics, balancing college studies and business.
- A Woman Entrepreneur from Manali: Expanded her business from a small vegetable shop to a grocery store with substantial annual income.
- A Woman Entrepreneur from Andhra Pradesh: Transitioned from being a homemaker to running a successful jute bag business with a MUDRA loan.
The Prime Minister highlighted the transformative impact of the MUDRA scheme in empowering women, creating job opportunities, and promoting entrepreneurship across India. He stressed that the scheme’s success lies in the collective efforts of the government, financial institutions, and the beneficiaries themselves.
Key Achievements of the MUDRA Scheme:
- Over 52 crore loans distributed, totaling more than 33.65 lakh crore rupees globally.
- 68% of the beneficiaries are women, showcasing the scheme’s role in promoting women entrepreneurship.
- Loans are provided without any collateral, promoting financial inclusion.
- The loan limit has been increased to 20 lakh rupees, allowing successful entrepreneurs to expand their businesses.
The Prime Minister urged everyone to inspire at least five to ten others to take advantage of the MUDRA scheme, emphasizing its role in shaping a self-reliant India.
Prime Minister lauds transformative impact of MUDRA Yojana on its 10th Anniversary
The Prime Minister, Shri Narendra Modi today extended his heartfelt congratulations to the beneficiaries of the Pradhan Mantri MUDRA Yojana (PMMY) as the nation marks #10YearsOfMUDRA.
Celebrating a decade of empowering dreams and driving inclusive economic growth, the Prime Minister highlighted the pivotal role played by the MUDRA scheme in uplifting marginalized communities and promoting entrepreneurship across India.
The Prime Minister said in X threads;
“Today, as we mark, #10YearsOfMUDRA, I would like to congratulate all those whose lives have been transformed thanks to this scheme. Over this decade, Mudra Yojana has turned several dreams into reality, empowering people who were previously overlooked with the financial support to shine. It illustrates that for the people of India, nothing is impossible!”
“It is particularly heartening that half of the Mudra beneficiaries belong to SC, ST and OBC Communities, and over 70% of the beneficiaries are women! Every Mudra loan carries with it dignity, self-respect and opportunity. In addition to financial inclusion, this scheme has also ensured social inclusion and economic freedom.”
“In the times to come, our Government will continue focusing on ensuring a robust ecosystem where every aspiring entrepreneur, has access to credit thus giving him or her the confidence and a chance to grow.”
Modi Honors 10 Years of MUDRA Yojana, Celebrating Economic Empowerment Across India
On the 10th anniversary of the Pradhan Mantri MUDRA Yojana (PMMY), Prime Minister Shri Narendra Modi extended heartfelt congratulations to the millions of beneficiaries whose lives have been transformed by this flagship scheme. Marking #10YearsOfMUDRA, the Prime Minister emphasized the transformative impact of MUDRA in fostering entrepreneurship and promoting inclusive economic growth across the nation.
Empowering Dreams, Driving Inclusive Growth
In his heartfelt message, PM Modi highlighted how MUDRA Yojana has been a beacon of hope for countless individuals, especially those from marginalized communities. “Over this decade, Mudra Yojana has turned several dreams into reality, empowering people who were previously overlooked with the financial support to shine. It illustrates that for the people of India, nothing is impossible!” he stated.
A Scheme for All, Especially Women and Marginalized Communities
The Prime Minister pointed out the scheme’s role in fostering social inclusion. “It is particularly heartening that half of the Mudra beneficiaries belong to SC, ST, and OBC communities, and over 70% of the beneficiaries are women! Every Mudra loan carries with it dignity, self-respect, and opportunity,” he added.
A Future Focused on Entrepreneurial Growth
Looking ahead, PM Modi assured continued government support to create a robust ecosystem where aspiring entrepreneurs have seamless access to credit. “In the times to come, our Government will continue focusing on ensuring a robust ecosystem where every aspiring entrepreneur has access to credit, giving them the confidence and a chance to grow,” he said.
As India celebrates #10YearsOfMUDRA, the scheme stands as a testament to the government’s commitment to inclusive development and economic empowerment for all.
