Gujarat: Success Stories from Mudra Yojana Beneficiaries Expressing Gratitude to the Government
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Synopsis
As the Pradhan Mantri Mudra Yojana celebrates its 10th anniversary, beneficiaries from Gujarat share their inspiring success stories, highlighting the significant impact of government support on their entrepreneurial journeys.
Key Takeaways
- Pradhan Mantri Mudra Yojana celebrates a decade of success.
- Beneficiaries express gratitude for government support.
- Loans help middle-class entrepreneurs thrive.
- Collaterals-free loans up to Rs 10 lakh available.
- Numerous jobs created by expanded businesses.
Rajkot, April 10 (NationPress) As the Pradhan Mantri Mudra Yojana (PMMY) marks its tenth anniversary since its inception on April 8, 2015, numerous success stories have emerged, particularly among the middle class, who not only envisioned their own businesses but also brought them to fruition with the financial support provided by the government.
Beneficiaries of the Mudra Yojana, especially from the middle and lower middle classes across India, express their gratitude towards the government for enabling funding for their entrepreneurial endeavors.
In Rajkot, Gujarat, several beneficiaries shared their experiences with IANS, highlighting how the Mudra Yojana was pivotal in transforming their lives.
One beneficiary remarked, "I owe my thanks to Prime Minister Narendra Modi. The assistance we received through the Mudra scheme has significantly eased our business operations."
He mentioned that the scheme's primary goal is to aid small business owners like him in managing their enterprises.
"Small entrepreneurs like us often lack sufficient capital. PM Modi initiated the PM Mudra Yojana with people like us in mind. Thanks to his policies, we can now secure loans effortlessly from banks," he added.
This beneficiary operates his business in Gokul Nagar, situated on the ring road in Rajkot. In 2018, he aspired to launch a startup but lacked the necessary funds. Upon learning about the PM Mudra Yojana, he approached the bank, secured a loan, and successfully expanded his business.
Importantly, the PMMY provides easy, collateral-free loans of up to Rs 10 lakh for non-corporate and non-farm income-generating activities. These loans are made available to aspiring entrepreneurs through banks, non-banking financial companies, and various financial institutions.
Countless small business owners nationwide have availed themselves of loans under this scheme, consequently expanding their businesses and creating job opportunities for others.
