Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, recently shared encouraging statistics regarding the implementation of government schemes in Puducherry. In particular, she highlighted the success of the PM MUDRA Yojana and PM SVANidhi Yojana, which have witnessed substantial loan disbursements and beneficiary enrollments.
PM MUDRA Yojana Empowers Entrepreneurs in Puducherry
Under the PM MUDRA Yojana, Nirmala Sitharaman revealed that Puducherry has recorded the issuance of 10.44 lakh loans, amounting to a staggering Rs 6,066 crore. This remarkable feat reflects the significant support provided to aspiring entrepreneurs and small businesses in the region. Furthermore, the minister highlighted the rise in loan accounts per lakh population, with Puducherry now boasting 83,717 accounts, up from 80,629 in February 2023. This demonstrates the growing entrepreneurial spirit and access to credit in the UT, ranking it first among all States/UTs based on the population ratio.
PM SVANidhi Yojana Empowering Street Vendors in Puducherry
Nirmala Sitharaman also celebrated the success of the PM SVANidhi Yojana in Puducherry, which provides credit access to street vendors. The UT has achieved an impressive 103% of the target set under the scheme, signifying effective implementation and support for street vendors. The minister highlighted that Puducherry now has 2,806 beneficiaries, marking a significant increase of 58% from 1,776 beneficiaries in February 2023. This growth demonstrates the scheme’s positive impact in uplifting street vendors and fostering their economic well-being.
PM Jeevan Jyoti Bima Yojana Boosts Financial Security
In addition to the success of MUDRA and SVANidhi Yojanas, Nirmala Sitharaman underscored the positive enrollment figures under the PM Jeevan Jyoti Bima Yojana (PMJJBY). Puducherry has achieved remarkable progress, with more than 1.42 lakh beneficiaries enrolled in the scheme, surpassing the February 2023 figure of 1.27 lakh beneficiaries. This achievement showcases the high level of awareness and participation among the residents of Puducherry, exceeding the national average and ensuring increased financial security for the beneficiaries.
