Page 50 - NIS - English,16-30 September,2022

Cover Story Sankalp Yatra of New India

49 PM Mudra Yojana

PROMOTING

ENTREPRENEURSHIP

There was a time when it became the destiny
of the youth to visit all the offices and banks
to get loans to start their business. The PM
Mudra Yojana was launched to solve this
problem. through which the dream of self-
employment is being realised by taking a
guarantee-free loan up to Rs 10 lakh.

n Pradhan Mantri Mudra Yojana aims to promote
financial inclusion. Under the scheme, an
affordable guarantee-free credit facility up to Rs
10 lakh is provided to non-corporate and non-
agriculture small and micro enterprises.
n This scheme has created massive employment
Our mantra is that we take the initiative to opportunities at the grassroots level. 8th April
2022 was the 8th anniversary of this scheme.
fund those who are not getting funding. Under the Mudra Yojana, more than 36 crore
We want to create a new belief that you loans have been sanctioned till 24 August 2022.
are working for the country, a partner in Under this scheme, more than 68% of loan
the development of the country, and the accounts have been sanctioned for women
and 22% of loans have been given to new
country is ready to take care of you. entrepreneurs.
- Narendra Modi, Prime Minister
50 Use of Human Capital: Labour Reforms

Prime Minister Narendra n For the first time after independence, 29 labour laws were replaced
Modi's mantra has been with 4 labour codes. Under this, 50 crore workers could get the
Reform, Perform, Transform. benefits of wage security, social security, health security, and better
Following this mantra of the social security.
Prime Minister, the vision n Along with this, provision has been made for equal pay for equal work
of overall labour reform to men and women including transgenders and through the Shram
was realized through labor Suvidha Portal, arrangements have been made for easy returns for
codes. For the first time the industries. More than 28 crore e-shram cards have been issued
with the slogan 'Shramev till 25 August 2022.
Jayate', the benefits of social The reforms will ensure the well-being of our industrious workers
security were extended to and give a boost to economic growth. The Labour reforms
unorganized workers, who will ensure ‘Ease of Doing Business’. The reforms also seek
were not covered under to harness the power of technology for the betterment of the
it for seven decades of workers and industry both
independence. - Narendra Modi, Prime Minister

48 New India Samachar September 16-30, 2022