Women entrepreneurs account for 70% of beneficiaries under Mudra Yojana

New Delhi, Jan 31 (KNN) About 70 per cent of the beneficiaries under the Mudra Yojana are women entrepreneurs and a study suggests that this scheme has increased the economic power of women and their participation in social decisions, said President Droupadi Murmu on Tuesday.

Addressing the Parliament on Tuesday, she said women's self-confidence has got a boost after the houses allotted under the PM Awas Yojana have been registered in their names.

“At present, there are more than 80 lakh self-help groups functioning in the country, in which about nine crore women are associated. Assistance of lakhs of crore of rupees is being given by the government to these women self-help groups,” she added.

The President further highlighted that the Government-e-Marketplace (GeM) system for tenders and government procurement has carried transactions worth more than Rs 3 lakh crore so far.

“Today India's manufacturing capacity is increasing and manufacturing companies from all over the world are also coming to India,” she said.

She noted that India has become a major exporter of mobile phones to the world and the import of toys in the country has decreased by 70 per cent, while their export has increased by more than 60 per cent.

The President asserted that the government has constantly laid unprecedented emphasis on innovation and entrepreneurship. 

Reflecting on India’s Presidency of an influential global group like G-20, she said, “With the mantra of One Earth, One Family, One Future, India is attempting to find collective solutions to the current global challenges in collaboration with the G-20 member countries.”  (KNN Bureau)