[ad_1]
NEW DELHI: Prime Minister Narendra Modi interacted with beneficiaries of the Pradhan Mantri MUDRA Yojana (PMMY) on Tuesday morning, marking 10 years of the flagship scheme that supports micro and small businesses across India. He revealed that over Rs 33 lakh crore in collateral-free loans have been sanctioned under the scheme so far, empowering people to pursue entrepreneurship and become job providers instead of job seekers.
At his residence, PM Modi greeted the beneficiaries stating, “I thank you all for coming to my residence. It is said in our scriptures that when guests come to a house, the house becomes pure, so I welcome you all.”
Speaking during the virtual interaction that started around 9 am, the PM highlighted the transformative impact of PMMY in enabling grassroots entrepreneurship by providing collateral-free loans to small business owners and first-time entrepreneurs.
He praised the woman beneficiaries of the scheme saying, “Most beneficiaries out of 52 crore borrowers are women and interestingly they are most prompt in repayment of their Mudra loans.”
The Prime Minister interacted with several young entrepreneurs and their stories and how they benefitted from the scheme. One of the attendees, Lavkush Mehra from Bhopal described how he established his business in 2021, now earning Rs 50 lakhs. “Earlier, I used to work for someone, was a servant, but you took our guarantee through Mudra loan and today we have become owners. I started my business in 2021 and I approached the bank, they gave me a loan limit of Rs 5 lakh. I was afraid that I am taking such a big loan for the first time and whether I will be able to repay it or not. Today, my Mudra loan has gone up from Rs 5 lakhs to Rs. 9.5 lakhs. And my first-year turnover was Rs 12 lakhs, which has now become more than Rs. 50 lakhs,” he explained. In response, PM Modi said that the Mudra scheme exists “to give courage to the youth of my country to stand on their own feet” and is not for “Modi’s praises”.
Another beneficiary, Poonam Kumari, took the mic and shared her story. Coming from a poor farming background, she spoke of once surviving on a single meal a day, while being visibly emotional. She and her husband decided to start a business with the help of an Rs 8 lakh collateral-free loan under the MUDRA scheme in 2024. They launched a seed business that now earns them up to Rs 60,000 a month, she claimed. “Today I am self-reliant — and it’s because of your scheme, sir,” she told the Prime Minister.
Before the interactions with the beneficiaries, PM had taken to X to highlight the importance of the scheme in a series of posts. “Today, as we mark, #10YearsOfMUDRA, I would like to congratulate all those whose lives have been transformed thanks to this scheme. Over this decade, Mudra Yojana has turned several dreams into reality, empowering people who were previously overlooked with the financial support to shine. It illustrates that for the people of India, nothing is impossible,” he said.
Further pointing at the the demographics of the the beneficiaries, he said, “It is particularly heartening that half of the Mudra beneficiaries belong to SC, ST and OBC Communities, and over 70% of the beneficiaries are women! Every Mudra loan carries with it dignity, self-respect and opportunity. In addition to financial inclusion, this scheme has also ensured social inclusion and economic freedom.”
“In the times to come, our Government will continue focusing on ensuring a robust ecosystem where every aspiring entrepreneur, has access to credit thus giving him or her the confidence and a chance to grow,” the PM added.
According to the Ministry of Finance, 68% of the Mudra Yojana beneficiaries are women, while 50% belong to Scheduled Castes (SC), Scheduled Tribes (ST), and Other Backward Classes (OBC).
Department of Financial Services Secretary M. Nagaraju had earlier emphasized that the initiative was designed for those seeking loans without the burden of providing any guarantee. “The aim was to fund the unfunded — and we’ve succeeded in creating a robust ecosystem of entrepreneurship that reflects in every corner of the country,” he noted.
[ad_2]
Source link
About the author
When a Monument Cries for Help — A Citizen’s Appeal from village Masjid moth, South Extension–II
When a Monument Cries for Help — A Citizen’s Appeal from Village Masjid Moth, South Extension–II South Extension–II is known as one of Delhi’s most premium localities — a place associated with culture, history, prosperity, and civic pride. But today, standing next to the historic Masjid Moth monument in Village Masjid Moth, the reality on the ground is heartbreaking, disturbing, and deeply shameful. Just a few days ago, a local resident posted a reel on Instagram showing a film shoot taking place at Masjid Moth. Like him, many young people from this area dream of seeing this monument revived — used respectfully for art, cinema, culture, photography, and tourism. Yet the truth is that the Archaeological Department and civic authorities have completely abandoned it. ▶ View Instagram Reel A Monument Surrounded by Filth and Neglect Garbage carts overflowing with waste […]
Designing Thug Life: Amritha Ram on Styling Kamal Haasan
Costume design in Indian cinema often dances between fantasy and realism. But in Thug Life, Amritha Ram collaborates with cinematic icons Kamal Haasan and Mani Ratnam to craft a fashion-forward yet character-driven wardrobe that breaks norms. In an exclusive with ETimes, Amritha reveals how meticulous planning, storytelling, and visual language drove her designs. Tip 1: Collaboration Is the Key to Vision When asked what excited her most about working on Thug Life, Amritha simply said, “Two names: Kamal Haasan and Mani Ratnam.” The sheer reputation of these legends shaped her approach. Mani Ratnam was clear about the film’s visual tone—stripping away Bollywood glamor for something minimalistic yet powerful. “Mani sir guided me all the way. He knew exactly what he wanted,” she shared. Working with Kamal, who understands fabric, dyeing, and even costume history, was a learning curve. His feedback […]
If It Happened There: Donald Trump sends central troops to quell protests in opposition-ruled California | World News
[ad_1] Protesters confront police on the 101 Freeway near the Metropolitan Detention Center of downtown Los Angeles, Sunday, June 8, 2025, following last night's immigration raid protest. (AP Photo/Jae C. Hong) Note: The following piece is inspired by Joshua Keating’s If It Happened There which uses tropes and tones normally used by American media to describe events in other countries. The facts presented deal with as much exactitude and accuracy as an American media outlets’ reporting about a foreign country.Los Angeles, Mexican for the city of angels, is home to Hollywood – America’s answer to Bollywood – and a city where starstruck aspirants come with the dream of being immortalised on the silver screen. Yet, the city, which falls under America-administered California, an opposition state which overwhelmingly voted for Mr Donald Trump’s rival from the Democratic Party, Ms Kamala Harris, […]
Apple prepares for new ‘Games’ app as domain goes live ahead of WWDC 2025 keynote
[ad_1] Apple is expected to launch iOS 19 (or rumoured iOS 26) and one of new features that is reported to come is a new Apple Games app. Apple appears to be laying the groundwork for this new application, which is said to curate games from the App Store and Apple Arcade, as a domain purportedly leading to the platform has gone live.As per a report by 9to5mac, the company's new games.apple.com domain has just gone live. However, it is currently displaying a blank page, signaling imminent content.This shift from a "Safari Can’t Find The Server" error message to a blank white page strongly suggests Apple is preparing to push content to the URL very soon, potentially coinciding with the conclusion of the Worldwide Developers Conference (WWDC) keynote.What Apple’s new Games app is all aboutWhile the exact function of the […]
MS Dhoni inducted into ICC Hall of Fame | Cricket News
[ad_1] MS Dhoni, former India cricket captain, has been inducted into the ICC Cricket Hall of Fame, recognizing his extraordinary career spanning 16 years with 17,266 international runs, 829 dismissals and 538 matches across formats for India. The wicketkeeper-batsman revolutionized the sport through his unique playing style, tactical leadership and achievements including winning all three ICC men's white-ball titles as captain. "It is an honour to be named in the ICC Hall of Fame, which recognises the contributions of cricketers across generations and from all over the world. To have your name remembered alongside such all-time greats is a wonderful feeling. It is something that I will cherish forever," Dhoni said about his induction. Dhoni's journey began in 2004 when he made his ODI debut. Though he was dismissed for a duck in his first match, he soon announced his […]
160-million-year-old blue-stain fungi in China found to be harmful to trees |
[ad_1] In a groundbreaking discovery, researchers have uncovered 160-million-year-old blue-stain fungi fossils from the Jurassic Tiaojishan Formation in China. The new findings offer fresh insights into the ecological relationships between blue-stain fungi, plants, and insects during the Jurassic period. These fungi are generally nonfatal to their hosts but often accelerate tree mortality when associated with wood-boring insects.According to ScienceDaily, a Chinese team of scientists highlights the discovery of well-preserved blue-stain fungal hyphae within Jurassic fossil wood from northeastern China, pushing back the earliest known fossil record of this fungal group by approximately 80 million years.Know about the blue-stain fungi, deadly to treesBlue-stain fungi are known for their ability to colonize wood, particularly in conifer trees, causing characteristic discoloration in the sapwood. While these fungi do not decompose wood, they often cause considerable damage when associated with wood-boring insects. Their role […]
Related
DJ in the Sky: How a Viral Paragliding Performance Put Bir on the Map
A young DJ recently strapped on not just a harness but also a sound system, delivering a live set while paragliding at 10,000 feet over Bir, Himachal Pradesh. The video spread like wildfire across Instagram, YouTube, and X, garnering millions of views. It was more than a stunt — it was a perfect blend of adventure, creativity, and digital shareability. Why it clicked Novelty factor: Music + extreme sports = instant attention. Visual spectacle: The Himalayas in the background amplified the drama. Social-first content: The clip was optimized for vertical viewing, helping it trend on Reels and Shorts. Cultural meaning The performance wasn’t just a viral gimmick. It symbolized the fusion of youth culture — music festivals, influencer-driven experiences, and India’s booming adventure travel scene. Bir, already known as the paragliding capital of India, is now a global talking point. […]
Designing Thug Life: Amritha Ram on Styling Kamal Haasan
Costume design in Indian cinema often dances between fantasy and realism. But in Thug Life, Amritha Ram collaborates with cinematic icons Kamal Haasan and Mani Ratnam to craft a fashion-forward yet character-driven wardrobe that breaks norms. In an exclusive with ETimes, Amritha reveals how meticulous planning, storytelling, and visual language drove her designs. Tip 1: Collaboration Is the Key to Vision When asked what excited her most about working on Thug Life, Amritha simply said, “Two names: Kamal Haasan and Mani Ratnam.” The sheer reputation of these legends shaped her approach. Mani Ratnam was clear about the film’s visual tone—stripping away Bollywood glamor for something minimalistic yet powerful. “Mani sir guided me all the way. He knew exactly what he wanted,” she shared. Working with Kamal, who understands fabric, dyeing, and even costume history, was a learning curve. His feedback […]
If It Happened There: Donald Trump sends central troops to quell protests in opposition-ruled California | World News
[ad_1] Protesters confront police on the 101 Freeway near the Metropolitan Detention Center of downtown Los Angeles, Sunday, June 8, 2025, following last night's immigration raid protest. (AP Photo/Jae C. Hong) Note: The following piece is inspired by Joshua Keating’s If It Happened There which uses tropes and tones normally used by American media to describe events in other countries. The facts presented deal with as much exactitude and accuracy as an American media outlets’ reporting about a foreign country.Los Angeles, Mexican for the city of angels, is home to Hollywood – America’s answer to Bollywood – and a city where starstruck aspirants come with the dream of being immortalised on the silver screen. Yet, the city, which falls under America-administered California, an opposition state which overwhelmingly voted for Mr Donald Trump’s rival from the Democratic Party, Ms Kamala Harris, […]
Apple prepares for new ‘Games’ app as domain goes live ahead of WWDC 2025 keynote
[ad_1] Apple is expected to launch iOS 19 (or rumoured iOS 26) and one of new features that is reported to come is a new Apple Games app. Apple appears to be laying the groundwork for this new application, which is said to curate games from the App Store and Apple Arcade, as a domain purportedly leading to the platform has gone live.As per a report by 9to5mac, the company's new games.apple.com domain has just gone live. However, it is currently displaying a blank page, signaling imminent content.This shift from a "Safari Can’t Find The Server" error message to a blank white page strongly suggests Apple is preparing to push content to the URL very soon, potentially coinciding with the conclusion of the Worldwide Developers Conference (WWDC) keynote.What Apple’s new Games app is all aboutWhile the exact function of the […]
MS Dhoni inducted into ICC Hall of Fame | Cricket News
[ad_1] MS Dhoni, former India cricket captain, has been inducted into the ICC Cricket Hall of Fame, recognizing his extraordinary career spanning 16 years with 17,266 international runs, 829 dismissals and 538 matches across formats for India. The wicketkeeper-batsman revolutionized the sport through his unique playing style, tactical leadership and achievements including winning all three ICC men's white-ball titles as captain. "It is an honour to be named in the ICC Hall of Fame, which recognises the contributions of cricketers across generations and from all over the world. To have your name remembered alongside such all-time greats is a wonderful feeling. It is something that I will cherish forever," Dhoni said about his induction. Dhoni's journey began in 2004 when he made his ODI debut. Though he was dismissed for a duck in his first match, he soon announced his […]
160-million-year-old blue-stain fungi in China found to be harmful to trees |
[ad_1] In a groundbreaking discovery, researchers have uncovered 160-million-year-old blue-stain fungi fossils from the Jurassic Tiaojishan Formation in China. The new findings offer fresh insights into the ecological relationships between blue-stain fungi, plants, and insects during the Jurassic period. These fungi are generally nonfatal to their hosts but often accelerate tree mortality when associated with wood-boring insects.According to ScienceDaily, a Chinese team of scientists highlights the discovery of well-preserved blue-stain fungal hyphae within Jurassic fossil wood from northeastern China, pushing back the earliest known fossil record of this fungal group by approximately 80 million years.Know about the blue-stain fungi, deadly to treesBlue-stain fungi are known for their ability to colonize wood, particularly in conifer trees, causing characteristic discoloration in the sapwood. While these fungi do not decompose wood, they often cause considerable damage when associated with wood-boring insects. Their role […]
Be the first to leave a comment