New Delhi: Over 34.42 crore loan accounts amounting to Rs.18.60 lakh crore have been opened under Pradhan Mantri Mudra Yojana for creating income generating activities, Union Finance Minister Nirmala Sitharaman said while celebrating 7th Anniversary of the Scheme.
On the theme of business environment and large-scale employment opportunities through PMMY, Finance Minister said that Scheme has helped in creating an enabling environment particularly for small businesses and has helped generate large-scale employment opportunities at the grass roots level.
“More than 68% of the loan accounts have been sanctioned to women and 22% of the loans have been given to new entrepreneurs who had not availed any loan since the inception of the Scheme,” she added.
While greeting and congratulating all the Mudra beneficiaries and urging other prospective borrowers to come forward and take part in nation-building process, Union Minister said, “With 51% of total loans sanctioned so far going to the SC/ST/OBC category, Pradhan Mantri Mudra Yojana stands for social justice in action and embodies true spirit of ‘Sabka Saath, Sabka Vikas’, as envisioned by Prime Minister.”
On the occasion, Union Minister of State (MoS) for Finance Bhagwat Kisanrao Karad said, “The driving force behind launching Pradhan Mantri Mudra Yojana (PMMY) has been to provide institutional credit to micro, small and medium enterprises in a hassle free/seamless manner.”