Nitin Gadkari, a prominent Indian politician, recently praised the Mudra Yojana initiative on Twitter. He stated that the program has helped fund the dreams of over 40 crores (400 million) of small and micro-entrepreneurs in India. The initiative has sanctioned over ₹23 Lakh Crore (approximately $309 billion USD) to date, with 69% of the loans given to women entrepreneurs. The Mudra Yojana scheme aims to provide financial assistance to small and micro-enterprises by offering loans of up to ₹10 Lakh without collateral. This initiative has helped to empower women entrepreneurs and promote entrepreneurship in India, which is crucial for the country’s economic growth.
Highlights
- #MudraYojana initiative has successfully funded over 40 crore small and micro-entrepreneurs in India.
- The initiative has sanctioned over ₹23 Lakh Crore in loans to date, which have helped bring to life the dreams of many entrepreneurs.
- Women entrepreneurs have been the major beneficiaries of this scheme, with 69% of the loans being given to them.
- The success of #MudraYojana highlights the government’s commitment to supporting and empowering small businesses in India.
