PM Modi praises Mudra Yojana for empowering millions and turning dreams into reality as the scheme marks 10 years of transforming lives across India.


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Turned Dreams Into Reality": PM Modi on 10 Years of Mudra Yojana

As India celebrates the 10th anniversary of the Pradhan Mantri Mudra Yojana (PMMY), Prime Minister Narendra Modi today praised the scheme for transforming lives and giving wings to the dreams of countless entrepreneurs across the country.

Taking to social media, PM Modi shared his thoughts, saying,

"Today, as we mark #10YearsOfMUDRA, I would like to congratulate all those whose lives have been transformed thanks to this scheme. Over this decade, Mudra Yojana has turned several dreams into reality, empowering people who were previously overlooked with the financial support to shine. It illustrates that for the people of India, nothing is impossible!"

The Prime Minister also interacted with beneficiaries of the Mudra scheme today, listening to their inspiring stories of growth and self-reliance.

He further added,

"Mudra Yojana has given opportunities to countless people to showcase their entrepreneurial skills. Their journeys are truly motivating."

Launched in 2015, the Pradhan Mantri Mudra Yojana provides collateral-free loans to small and micro-enterprises, particularly in rural and semi-urban areas. It has become a vital tool in supporting self-employment and boosting India's grassroots economy.

As the scheme completes a decade, it continues to stand as a symbol of hope, independence, and opportunity for millions who aim to build a better future.

FAQ

Mudra Yojana offers collateral-free loans to individuals who want to start or expand small businesses, helping them become self-reliant.

You can apply for a Mudra loan by visiting your nearest bank, filling out the application, and submitting your business plan and basic documents.

Any Indian citizen with a business plan for a small-scale enterprise or service activity is eligible, especially in non-corporate sectors.

There are three types: Shishu (up to ₹50,000), Kishor (₹50,000 to ₹5 lakh), and Tarun (₹5 lakh to ₹10 lakh) depending on the stage of the business.

Yes, many people have shared real-life stories of how the scheme helped them start shops, small factories, and service-based businesses.

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