MUDRA Scheme: A Lifeline for Small Business Owners, Bhopal Entrepreneurs Express Gratitude to PM Modi

Bhopal, Dec 10 (NationPress) The Pradhan Mantri MUDRA Yojana (PMMY), introduced by the central government under Prime Minister Narendra Modi, aims to foster micro and small businesses in non-agricultural sectors, serving as a significant source of hope for job seekers.

This initiative focuses on encouraging entrepreneurship and economically empowering small business proprietors by ensuring easy access to loans. The government provides financial support to small entrepreneurs, aiding them in the expansion of their operations and enhancing their contribution to economic growth.

Numerous small business owners have successfully expanded their enterprises through the Mudra scheme.

One such entrepreneur, Zees Ali, who operates a grocery store, shared with IANS: "Thanks to this scheme, I secured a loan of 2 lakh rupees. This funding has been instrumental in the growth of my business. I was pleasantly surprised that a bank would grant me a loan without requiring any guarantee. This scheme has instilled new hope and opportunities for small business owners like myself. I express my gratitude to PM Modi. This initiative has proven to be incredibly beneficial for us. PM Modi considered our needs, allowing us to take advantage of this opportunity."

Another beneficiary, Yasmeen, remarked, "I received a loan of 2 lakh rupees through this scheme, which has significantly assisted me. My business has flourished, and everything is running smoothly. I have faced no challenges. The government provided me a loan without any guarantee, and I am thankful for it. My business is thriving. I never anticipated that PM Modi would introduce such a scheme that would benefit individuals like us. We owe our thanks to PM Modi. We had never received a loan before, but this time we did, and we utilized it to grow our business. The bank processed our loan swiftly, and we are very pleased."

Another benefactor, Vijay Yadav, also commended the scheme, labeling it as advantageous for the economically disadvantaged.

Vijay stated: "This is an outstanding program for the underprivileged. Whenever we face challenges in our business, funds are readily available. This support enhances our employment opportunities. There are no concerns regarding stock replenishment. Through this scheme, we completed a form and were selected. We received loans in three installments of 10, 20, and 50 thousand rupees. It’s a fantastic initiative for creating jobs. I have gained immensely from this program. I have repaid most of the loan, with only 5,000 to 6,000 rupees remaining. My business has expanded significantly as a result."