NewKerala.com

PM Mudra Yojana Sparks Self-Reliance Revolution, Says Uttarakhand CM

Uttarakhand Chief Minister Pushkar Singh Dhami hailed the Pradhan Mantri Mudra Yojana (PMMY) for triggering a "new revolution of self-reliance" as the scheme completes 11 years. He credited the scheme, launched in 2015, with empowering millions of youth, women, and small entrepreneurs by providing collateral-free loans. Dhami noted that in Uttarakhand, the scheme has helped establish self-employment ventures, homestays, and women's self-help groups, particularly in hilly regions. The PMMY facilitates loans up to ₹20 lakh to non-farm sector micro-enterprises, supporting a wide range of small businesses and income-generating activities.

Key Points: PM Mudra Yojana's 11-Year Impact on Self-Reliance

  • PMMY completes 11 years
  • Provides collateral-free loans up to ₹20 lakh
  • Empowers youth, women & small entrepreneurs
  • Boosts self-employment & micro-enterprises
2 min read

"Given birth to new revolution of self-reliance across country": Uttarakhand CM on PMMY completing 11 years

Uttarakhand CM Pushkar Singh Dhami credits PM Mudra Yojana for empowering youth and women with collateral-free loans, fueling a self-reliance revolution.

"given birth to a new revolution of self-reliance across the country - Pushkar Singh Dhami"

Dehradun, April 8

Uttarakhand Chief Minister Pushkar Singh Dhami on Wednesday said that the Pradhan Mantri Mudra Yojana has triggered a "new revolution of self-reliance" across the country as the scheme completes 11 years.

Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of the Government of India and was launched on April 8, 2015. He credited the initiative for empowering youth, women, and small entrepreneurs through collateral-free loans and boosting self-employment opportunities.

In a post on X, CM Dhami wrote, "The visionary leadership of the Hon'ble Prime Minister Shri @narendramodi ji has launched the 'Pradhan Mantri Mudra Yojana,' which stands as a symbol of the historic journey toward economic empowerment and self-employment. Over the past 11 years, this scheme has given birth to a new revolution of self-reliance across the country. By providing loans without collateral, this initiative has offered millions of youth, small traders, artisans, and women the opportunity to turn their dreams into reality."

"In Devbhoomi Uttarakhand as well, numerous young people have established their self-employment ventures through Mudra loans under this scheme, which has not only strengthened their economic condition but also given a new momentum to job creation in the state. In the hilly regions, micro-enterprises, homestays, self-employment-based activities, and women's self-help groups have received special benefits from this scheme. Heartfelt thanks to the Hon'ble Prime Minister ji for this scheme, which aids in realising the resolve of Antyodaya!" the post read.

PMMY scheme facilitates micro credit/Loan up to Rs 20 lakhs to income-generating micro enterprises engaged in the non-farm sector in manufacturing, trading or service sectors, including activities allied to agriculture such as poultry, dairy, beekeeping, etc.

The Scheme provides financial assistance extended by Member Lending Institutions to the non-corporate, non-farm sector income-generating activities of micro and small entities.

These micro and small entities comprise millions of proprietorship/partnership firms running as small manufacturing units, service sector units, shopkeepers, fruits/vegetable vendors, truck operators, food-service units, repair shops, machine operators, small industries, artisans, food processors and others.

- ANI

Share this article:

Reader Comments

P
Priya S
While the intent is excellent, the ground reality can be different. The loan process is still cumbersome in many rural banks, and the pressure to repay can be immense for first-time entrepreneurs without proper business training. The scheme needs better hand-holding.
R
Rohit P
Jai Hind! PMMY is a game-changer for Bharat. It's fostering a culture of entrepreneurship over job-seeking. My friend's mother started a tailoring unit with this loan. Financial independence for women is the real revolution. 🇮🇳
S
Sarah B
As someone who has studied microfinance models globally, the scale of PMMY is impressive. Providing collateral-free loans to millions is a massive logistical undertaking. The focus on non-farm sectors in hilly regions like Uttarakhand is particularly smart for local economies.
V
Vikram M
Good scheme, but publicity is more than actual reach in remote areas. Government should also run basic business management workshops alongside the loan distribution. A loan alone doesn't guarantee success; skills do.
K
Kavya N
My didi used a Mudra loan to expand her papad-making business from our home kitchen to a small unit employing 5 other women from our society. It's stories like these that make me proud. Real Antyodaya - empowering the last person in the line.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50