Tuesday, September 12th, 2017 13:46:46
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5.5 Crore Jobs Generated – MODI’S MUDRA YOJANA Growing Capitalization says Report.




5.5 Crore Jobs Generated – MODI’S MUDRA YOJANA Growing Capitalization says Report.Business

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5.5 Crore Jobs Generated – MODI’S MUDRA YOJANA Growing Capitalization says Report.

The Pradhan Mantri MUDRA Yojana, a scheme launched under Modi’s Governance to provide a vast approach in accommodating access to sufficient finance especially to small enterprises and business units, has noticeable generated 5.5 Crore jobs, according to Economic Times report.

Under PMMY, Reporters have exclaimed that the states with major beneficiary’s access are Karnataka, Maharashtra and Tamil Naidu.

Launched on April 8th, 2015, PMMY scheme ultimate objective was to provide the fund to the unfunded. Till date, over 8 Crore people have been provided a loan about 3.42 lakh Crore.

MUDRTA loan is available for the non-agricultural based project also with a limit of 10 lakh. Activities in correspondence to agriculture such as dairy, poultry, bee=keeping are also covered under the same.

Antecedently, 7.45 Crore entrepreneurs were been provided with bank loan fund under PMYY scheme, BJP president Amit Shah has stated.

Moreover, under MUDRA scheme, easily accessible loans have been provided to small businesses like cobblers, cycle mechanics, and barber shop owners.

Under the Mudra Yojana, a loan of up to Rs 50,000 is given under ‘Shishu’ plan, between Rs 50,000 to 5 lakh under ‘Kishore’, and between 5 lakh to 10 lakh under ‘Tarun’.

Banks have sanctioned more than 22,000 applications worth Rs 4,699 Crore under ‘Stand Up India’, Amit Shah added while listing three-year achievements of the Narendra Modi government.

 

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