Smriti Irani roots for women entrepreneurs, calls them more credit worthy

However, Irani lamented that the total number of women entrepreneurs in the country was still less and reflected the need to further empower and encourage women to come forward

Union textile minister Smriti Irani on Friday called upon more women to don the entrepreneurial mantle as she called women entrepreneurs more creditworthy.

“Under the MUDRA scheme, the cumulative number of women borrowers is almost 98 million, while their repayment percentage stands at an impressive 99.99 per cent,” she claimed addressing a group of women entrepreneurs in Lucknow.

Launched by Prime Minister Narendra Modi in 2015, the Mudra Yojana is aimed at developing India’s micro-enterprises by providing loans of up to Rs 1 million to non-corporate and non-farming businesses. It is also targetted at relieving small borrowers from the clutches