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PM Modi disappointed with the speed of MUDRA Yojana

Updated: Nov 30, 2015 11:35:31am
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New Delhi, Nov 30 (KNN) The MUDRA Yojana is in place to help the small entrepreneurs, Prime Minister Narendra Modi said adding that the speed at which he wants the scheme to go with, has not been attained.
 
During his radio address ‘Mann Ki Baat’ on Sunday, Modi said some 66 lakh people, including 24 lakh women, have benefited from the Pradhan Mantri MUDRA Yojana (PMMY) that aims to help micro, small and medium enterprises (MSMEs) for setting up business.

"So far about 66 lakh people have benefited ... with Rs.42,000 crore spent. I am happy to announce that out of 66 lakh people, some 24 lakh are women," Modi said in his radio address Mann ki Baat.

"Though the MUDRA (Micro Units Development and Refinance Agency) Yojana is in place to help small entrepreneurs, the speed at which I want to go with it has not been attained. But the beginning is good,” he said.

He said that Dalits, tribals and people belonging to the OBC category make up for most beneficiaries.

"The scheme is trying to help small workers such as barbers, laundrymen, milkmen, newspaper vendor who run the economy," Modi said.

"It provides a boost to three Es - Enterprises, Earning and Empowerment. The scheme encourages enterprises, provides opportunity for earning, and in the truest sense empowers people. It is helping small entrepreneurs," he added. (KNN Bureau)

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