Page 40 - NIS English 1-15 April, 2026
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NATION | National Economic Security
PM MUDRA, e-NAM, and UPI
A Strong Cycle of
Economic Security
India is one of the world’s he country’s economic strength can be gauged by
fastest-growing major the fact that just last year, India became the world’s
economies. Whether it’s Tfourth-largest economy. If this pace of progress contin-
promoting self-employment ues, it is estimated that India’s economy will reach the third
and employment through position in the next two and a half to three years. Further-
the Pradhan Mantri MUDRA more, by 2030, India’s gross domestic product (GDP) will reach
Yojana (PMMY) or facilitating US$7.3 trillion. Micro and small enterprises (MSMEs) play a
farmers’ sale of their produce major role in this growth. There are over 60 million MSMEs in
through platforms like the country. This has provided employment opportunities to
e-NAM, the government millions of people.
is giving impetus to fresh The government expanded the definition of MSMEs in last
momentum. Furthermore, the year’s budget, giving them the confidence to continue their
Unified Payments Interface growth. Until a decade ago, MSMEs were unable to easily
(UPI), launched to enable access loans. However, under the leadership of Prime Minis-
small and large businesses ter Narendra Modi, access to loans has become easier, and
to accept payments anytime, this has had a positive impact on the country’s economy. The
anywhere, and simplify Pradhan Mantri Mudra Yojana has disbursed loans worth over
transactions for citizens, is ₹37 lakh crore. It has become not just a source of financial
making digital transactions assistance but a means to fulfill the dreams of every Indian.
accessible and inclusive. Over the past 11-12 years, the government has been creat-
38 NEW INDIA SAMACHAR || April 1-15, 2026
