Prime Minister Narendra Modi today launched the Mudra scheme in Dumka under which people can take loans up to Rs. 10 lakh to start businesses. “The Mudra scheme is one step forward to accelerate development in the country. Till now, 42 lakh people have taken benefits under the Mudra scheme and loans of Rs.26,000 crore have been given,” PM Modi said while launching the scheme in the state.
Under this scheme, poor people have been exempted from guarantee to avail MUDRA scheme. As the a result of government policy, around 42 Lakh people have benefited from this scheme. Prime Minister also said that Jharkhand is on the path of progress as World Bank data has showed. Doing Business in Jharkhand has now become easier.
The Pradhan Mantri MUDRA (Micro Units Development and Refinance Agency) Yojana was launched in April to help small entrepreneurs. In Jharkhand, around one lakh people have been given loans under the Mudra scheme. The prime minister also launched the renovation of a series of Maluti temples in Dumka district of Jharkhand.
Test Your GK
What is the full form of MUDRA?
Name the three categories under which loans can be availed via MUDRA?
