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The MUDRA banks were set up under the Pradhan Mantri MUDRA Yojana scheme. It will provide its services to small entrepreneurs outside the service area of regular banks, by using last mile agents. About 5.77 crore (57.6 million ) small business have been identified as target clients using the NSSO survey of 2013.
PM Mudra Yojana (PM Micro Units Development and Refinance Agency Scheme) CS MoF: 2015 Financing MUDRA is a financial institution for funding small businesses. [58] 34,42,00,000 beneficiaries have received ₹ 18.6 lakh crore (equivalent to ₹ 21 trillion or US$240 billion in 2023). [59] New entrepreneurs consist 22% of the beneficiaries. [60]
Pradhan Mantri Jan Dhan Yojana (transl. Prime Minister's Public Finance Scheme) is a financial inclusion program of the Government of India open to Indian citizens (minors of age 10 and older can also open an account with a guardian to manage it), that aims to expand affordable access to financial services such as bank accounts, remittances, credit, insurance and pensions.
Modi government launched the Pradhan Mantri Mudra Yojana (PMMY) in April 2015. Under this scheme, loans up to ₹ 1 million (US$12,000) are given for non-agricultural activities under the three categories: Shishu (loans up to ₹ 50,000 (US$580)); Kishore (loans from ₹ 50,000 (US$580) to ₹ 500,000 (US$5,800)) and Tarun (loans from ...
Pradhan Mantri Awas Yojana (PMAY) is a credit-linked subsidy scheme by the Government of India to facilitate access to affordable housing for the low and moderate-income residents of the country. It envisaged a target of building 2 crore (20 million) affordable houses by 31 March 2022.
Pradhan Mantri Matru Vandana Yojana (PMMVY), previously known as the Indira Gandhi Matritva Sahyog Yojana, is a maternity benefit program run by the government of India. It was originally launched in 2010 and renamed in 2017. [1] [2] The scheme is implemented by the Ministry of Women and Child Development.
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The training given to the youth under the Pradhan Mantri Kaushal Vikas Yojana is free. [5] An outlay of ₹ 120 billion (US$1.4 billion) has been approved by the cabinet for this project. [6] The scheme has a target to train 1 crore Indian youth from 2016-20. [6]