You are here: Home » Economy & Policy » News
Business Standard

PM Modi hails Mudra Yojna for its 'unprecedented employment opportunities'

Out of all those who took loans under Mudra, over 35 million youth were first-time entrepreneurs, says PM Modi

Employment  |  Narendra Modi  |  Pmmy

Press Trust of India  |  Surat 

Prime Minister Narendra Modi. PTI photo

Citing disbursal of loans under the Pradhan Mantri Mudra Yojna (PMMY), Prime Minister on Thursday said "unprecedented" and entrepreneurial opportunities exist in the country today.  

Modi addressed the employees of Hari Krishna Exports, a prominent Suarat-based diamond processing-exporting firm, through video conference from Delhi.   

The company, led by Savji Dholakia, gifted 600 cars to its employees on Thursday as Diwali bonus at an event named as 'Hari Krishna Skill India Incentive Ceremony'.  

"Around 140 million loans were disbursed across the country under this (Mudra) scheme. Out of these, 4 million loans were given to the youth of Gujarat. In the last four years, loans worth Rs 7 trillion were disbursed under this scheme," Modi said in his speech.

"Out of all those who took loans under Mudra, over 35 million youth were first-time entrepreneurs, as they have chosen the path of self-for the first time. Today, there exist unprecedented as well as entrepreneurial opportunities in the country," the prime minister said.  

Two women, one of them a disabled person, and two male employees of the firm received keys of their cars from Modi himself in Delhi. 

The prime minister said his government has been taking many steps to strengthen the gems and jewellery sector, as it is a significant generator of employment and a key contributor to the exports.

Referring to the "Main Nahin Hum" portal and app launched yesterday, Modi urged the company and its employees to dedicate some time for social causes.

He appealed Dholakia and his company to set themselves a target of making at least 100 villages "digital" by 2022.

He would be visiting Gujarat on October 31 to dedicate the Statue of Unity of Sardar Vallabhbhai Patel, Modi said.

"The biggest Diwali for Gujarat will be on October 31, when the Statue of Unity will be dedicated to the nation," he said. 

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, October 25 2018. 22:45 IST