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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. Only 4% of these businesses get ...
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]
The scheme has failed to improve the economic prosperity across states. "Poor usage of financial services" and "a rise in the number of dormant accounts" have been cited as the limitations of the scheme, with 30% of accounts remaining dormant. [66] Modi government launched the Pradhan Mantri Mudra Yojana (PMMY) in April 2015.
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.
Stand-Up India was launched by the Government of India on 5 April 2016 to support entrepreneurship among women and SC & ST communities. Stand Up India Loan Scheme is a government initiative launched by the Government of India in 2016 to promote entrepreneurship and facilitate bank loans to Scheduled Caste (SC) / Scheduled Tribe (ST) and women entrepreneurs in the country.
The National Rural Livelihood Mission (NRLM) is a poverty alleviation project implemented by the Ministry of Rural Development, a branch of the Government of India.This plan is focused on promoting self-employment and the organization of rural poor.
The scheme led to an increase in LPG consumption by 56% in 2019 as compared to 2014. [ 9 ] The highly popular scheme has benefited over 14.6 million BPL families in Uttar Pradesh, 8.8 million in West Bengal , 8.5 million in Bihar, 7.1 million in Madhya Pradesh , 6.3 million in Rajasthan and 3.24 million in Tamil Nadu .
The Planning Commission later approved the scheme and it was adopted on national scale. [16] MGNREGA workers removing mud from a dry pond. In April 1989, to converge employment generation, infrastructure development and food security in rural areas, the government integrated NREP and RLEGP [a] into a new