PM Modi launches Mudra bank, to benefit 5.8 cr small businesses

Advertisement
PM Modi launches Mudra bank, to benefit 5.8 cr small businessesPrime Minister Narendra Modi on Wednesday launched Mudra (Micro Units Development and Refinance Agency) bank under the Pradhan Mantri Jan Dhan Yojana.

A Times of India report said, speaking at the occasion, the PM said, "We need to increase employment opportunities in the nation."

"Big industrial houses provide jobs to only 1.25 crore people, while small entrepreneurs employ 12 crore people, PM Modi said.

Advertisement

Finance minister Arun Jaitley said that "Mudra bank will benefit around 5.77 crore small business enterprises".

"Mudra bank is a step in the direction of funding the unfunded," Arun Jaitley said, reported TOI.

Shape Up Your Future 16th & 17th September 2021
  • 15+ Knowledge Sessions
  • 30+ Industry leaders
Watch Live
Meet Our Speakers
Nikhil Malhotra
Nikhil Malhotra
Dan Schawbel
Dan Schawbel
Ronnie Screwvala
Ronnie Screwvala
Dr. KV Subramanian
Dr. KV Subramanian
Benjamin Pring
Benjamin Pring
Sanjeev Bikhchandani
Sanjeev Bikhchandani
The Prime Minister also distributed Mudra loans to some beneficiaries. (Source: PMO/Twitter)