12 crore beneficiaries received loan under PM Mudra Yojana: Vice Prez Naidu

New Delhi, Apr 11 (KNN) In a bid to highlight the impact of Prime Minister MUDRA Yojana, Vice President of India, Venkaiah Naidu said that in the last three year of its launch, it has touched over 12 crore beneficiaries.

Naidu hailed it as revolutionary and said that the scheme is aimed at empowering neglected and underprivileged sections of the society.

The Vice President made the remarks during an interactive event with the beneficiaries of PMMY on the completion of three years.

The Vice President further said that the main objective of the MUDRA Yojana was to make people stand on their own legs.

“A majority of those who received loans were from the underprivileged sections like fishermen, toddy tappers, weavers, goldsmiths, blacksmiths and others”, he added.

Emphasising the need to promote self-employment, the Vice President said that the government alone cannot provide employment to all people and such schemes will empower people to stand on their own feet. The Mudra Yojana will also help the entrepreneurs to get loans at cheaper interest rates, he added.

The Vice President complimented the government for effectively implementing the scheme by creating awareness among the people.

The Vice President said that this historic scheme will be beneficial to women as it will make them self-reliant without depending on their parents or husbands. Such schemes will not only empower the people, but also promote financial inclusion in an effective manner, he added. (With PIB Inputs) (KNN/DA)