Mudra Yojana: 68 percent loan accounts related to women entrepreneurs

New Delhi: The Ministry of Finance has launched several schemes in the last 7 years, including a special provision for women empowerment. These schemes have empowered women financially, so that they can lead better lives and realize their dreams of becoming entrepreneurs. Today we are celebrating International Women’s Day and let’s take a look at various schemes launched for women by the Ministry of Finance:

Stand Up India Scheme: The scheme was launched on April 5, 2016 and aims to promote entrepreneurship for economic empowerment and employment generation at lower levels in rural areas. The objective of the scheme is to extend the benefit of institutional loans to sections where they did not have access before and include SCs, STs and women entrepreneurs, so as to provide them an opportunity to participate in the economic progress of the nation.

The objective of this scheme is to provide loan facility to bank loans of Rs 10 lakh to Rs 1 crore from each branch of Scheduled Commercial Bank (SCB) to at least one member of SC and ST and at least one woman entrepreneur. , So that they can set up green area enterprises.

Under standup India scheme, as on 26.02.2021, an amount of Rs 20,749 crore has been approved for women entrepreneurs in more than 81 percent i.e. 91,109 accounts.

Pradhan Mantri Mudra Yojana (PMMY): The scheme was launched on April 8, 2015 to provide loans up to Rs 10 lakh for non-corporate, non-agricultural small / micro enterprises. These loans are classified as Mudra loans under PMMY and these loans are provided by commercial banks, regional rural banks, small finance banks, micro finance institutions and non-banking financial corporations.

Under PMMY, Mudra loan is categorized as Shishu, Kishore and Tarun, so that the stages of growth of the beneficiary micro unit / entrepreneur can be identified and development needs are given and they are

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