Rs one lakh cr disbursed in loans for small businesses: Shah

Narendra Modi government has ensured that more than Rs one lakh crore in loans is disbursed to micro units and enterprises in just one financial year, BJP president Amit Shah today said as he termed it as a big "success" in providing self employment to people.
Addressing a gathering after distributing small loans to poor and landless people at an event here, Shah rued that around 60 crore people did not have bank accounts even six decades after independence.
"60 crore people were without bank accounts. They had no connect with the economy. BJP government under Narendra Modi came out with Jan Dhan scheme and made a successful attempt of opening 20 crore accounts and helped them connect with the economy.

"The government did not stop there. Those families who got connected through this, their security was also taken care of and a Rs two-lakh accident insurance was given to them with Rs 12 per annum.
"After that, the Modi government brought Mudra Bank. To encourage self employment, there cannot be anything better that this....
"In just one financial year, the Narendra Modi government has disbursed around Rs one lakh crore loan to small scale enterprises and units. And the number of people who have taken loan has gone up to 45 lakh. This is a major success for self employment and making a new beginning. This is a big achievement," he said.

He said that if every poor person has to be connected with the development of the country, then he has to be helped in becoming self employed so as to contribute in the development of the country.

Shah said that the concept of micro finance is being taken forward by organising 'Chaupal', or gathering of stakeholders.
He said that by making it compulsory for every nationalised bank branch to give loan to at least one dalit, the government has also given opportunity to Dalit entrepreneurs and this has generated a positive impact in the community.
BSP MLA Praveen Patel joined BJP at the farmers' rally.

Patel was the BSP MLA from Jhusi from 2007-2012 when the party was in power in the state. He unsuccessfully fought the 2012 Assembly polls from the newly carved out seat of Phulpur, since Jhusi was abolished after delimitation.
Patels have a sizeable population in the trans-Ganga region of Allahabad district.
Shah's visit to Allahabad was his first since becoming the party's national president two years ago. He is likely to spend the evening with party colleagues, taking stock of preparations for the party's national executive meeting scheduled for June 12-13 here.
The meeting is likely to be followed by a public rally of Prime Minister Narendra Modi.