How Did Rajasthan's Indraj Build a Thriving Nursery Business with a Rs 10 Lakh Mudra Loan?
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Synopsis
Discover the inspiring journey of Indraj Saini from Neem Ka Thana, whose nursery business flourished thanks to a Rs 10 lakh Mudra loan. This story highlights the transformative impact of the Pradhan Mantri Mudra Yojana, empowering small entrepreneurs across India.
Key Takeaways
- Indraj Saini utilized a Rs 10 lakh Mudra loan to establish a successful nursery business.
- The Pradhan Mantri Mudra Yojana aims to provide collateral-free loans to micro and small enterprises.
- Over 49 crore beneficiaries have benefitted from the scheme since its launch.
- Indraj's story exemplifies the potential of accessible credit in transforming lives.
- The scheme plays a vital role in promoting self-employment and strengthening rural economies.
Neem Ka Thana, (Rajasthan) July 22 (NationPress) The Pradhan Mantri Mudra Yojana (PMMY) is making significant strides in changing lives throughout the nation, offering small vendors and entrepreneurs straightforward access to financial assistance.
One remarkable instance unfolds in Neem Ka Thana, Rajasthan, where local resident Indraj Saini has successfully launched his own plant nursery thanks to this initiative.
Indraj secured a Rs 10 lakh Mudra loan without any collateral requirements. With this funding, he established a nursery business that is now flourishing, providing financial stability for him and his family.
Reflecting on his journey, Indraj shared with IANS: “I am immensely thankful for the Mudra loan I received. This support enabled me to open my own nursery and expand my business. Today, I enjoy a more secure and improved standard of living thanks to this opportunity.”
He noted significant growth in his business, which has allowed him to invest in his children’s education.
His brother, Shravan Saini, who assists him in the business, also expressed gratitude: “This scheme has been a great help. We didn’t have to provide any guarantee. On behalf of our family, I thank Prime Minister Modi for initiating such a beneficial scheme for small entrepreneurs like us.”
Launched in 2015, the Pradhan Mantri Mudra Yojana aims to provide collateral-free loans to micro and small enterprises. To date, this important initiative has supported over 49 crore beneficiaries across India, with a total disbursement exceeding Rs 33 lakh crore.
Indraj’s success showcases how the scheme empowers rural entrepreneurs, enabling them to create sustainable livelihoods. From modest beginnings to owning a successful business, Indraj’s story illustrates the transformative impact of accessible credit.
As the Mudra Yojana continues to reach grassroots levels, inspiring stories like Indraj’s highlight the scheme's vital role in promoting self-employment, bolstering rural economies, and realizing the vision of an Aatmanirbhar Bharat.
Point of View
It is clear that the Pradhan Mantri Mudra Yojana is a crucial initiative that plays a significant role in enhancing the livelihoods of small entrepreneurs. Stories like Indraj's highlight the importance of accessible financial support in fostering self-reliance and economic growth in rural India.
NationPress
22/07/2025
Frequently Asked Questions
What is the Pradhan Mantri Mudra Yojana?
The Pradhan Mantri Mudra Yojana (PMMY) is a government initiative launched in 2015 to provide collateral-free loans to micro and small enterprises across India.
Who can apply for a Mudra loan?
Micro and small business owners, including traders, artisans, and entrepreneurs, can apply for Mudra loans under this scheme.
How much loan can one get through PMMY?
The Mudra loan amount can range from Rs 50,000 to Rs 10 lakh, depending on the business needs and eligibility.
Is collateral required for Mudra loans?
No, Mudra loans are collateral-free, making it easier for small entrepreneurs to access funds.
How does the Mudra Yojana support rural economies?
The Mudra Yojana empowers rural entrepreneurs by providing them with access to credit, enabling them to establish and grow their businesses, thereby strengthening local economies.
