Page 17 - NIS English 16-31 August 2023

Empowering Rural India Cover Story

PM Mudra Yojana: Big support for small farmer and businessman
70%
n Tsewang Dolma of Leh-Ladakh runs a clothes
shop. She says that my shop was very small
earlier, then I expanded my business by taking loan to
Prime Minister Mudra loan. Now the shop is 4.5 women 51%
doing well. Rest of the shopkeepers can also beneficiaries
take advantage of this scheme. loan account
lakh crore+Rs. belongs to SC
n The Mudra Yojana, which started on April 8, Delivered in FY ST and OBC
2015, has helped crores of youth without bank 2022-2023 alone entrepreneurs
guarantees. Under the scheme, loans are
given for 50 thousand, 50 thousand to 5 lakh
and 5 lakh to 10 lakh rupees under Shishu, 42.20 3.72
Kishore and Tarun respectively.
crore total
n In the year 2016-17, loans for activities crore loan employment
related to agriculture and means of income sanctioned till generated (since
generation were included in the purview of June 30, 2023 the scheme
this scheme. launched)
n Up to Rs 10 lakh loan for the purchase of
tractor and power tiller included under it in
the year 2017-18.

Stand-up India: Fueled by Entrepreneurial Energy

Ankit of Noida, who always dreamed of doing something n The scheme is a significant achievement in the direction
big, is an example of realizing his ambitions with help of promoting entrepreneurship among SC, ST and
of Prime Minister's vision for Stand-up India. Ankit started women. Entrepreneurship is being promoted under the
printer cartridge recycling by taking a loan of Rs 70 lakh scheme.
under this scheme. Ankit says "things which we could not
n Under the scheme, till March 30, 2023, a loan of Rs
earlier do due to lack of funds now the financial problem
43 thousand crore has been given to set up 1.90 lakh
has been taken care of"
enterprises.
n Standup India Empowering SC, ST and Women
n Under the scheme, more than 80 percent of the loans ie
entrepreneur was launched on 5th April 2016.
Rs 34,751 crore have been given to women.
Pradhan Mantri Jan Dhan Account: The underprivileged became economically empowered

Girevva Hirgere Patil, a resident of Kathgere village, Pradhan Mantri Jan Dhan Yojana, which became the
is a disabled person. He or any family member had to cornerstone of people-centric initiatives, was launched
go 30 km away from the village to collect the pension. on 28 August 2014. Currently Rs 2,00,590 crore is deposited
The whole day used to get wasted in this. After the in Jan Dhan accounts. A research conducted two years
appointment of 'Bank Mitra' under Pradhan Mantri ago in the banking sector has revealed that in states
Jan Dhan Yojana, now money can be withdrawn in the where more Jan Dhan accounts have been opened, the
village itself. crime rate has reduced.
56% n Rs 10,000 overdraft facility and accidental insurance
cover of Rs 2 lakh on RuPay cards.
n Now the focus is on opening accounts of 'every adult'
from 'every household'.
Jan Dhan account
holders are n There were 14.72 crore accounts in the year March 2015,
women increased three and a half times to 50 crores
in July 2023.
New India Samachar August 16-31, 2023 15