<?php echo html_escape(strip_tags($title)); ?>

25 Crore MUDRA loans for Women Entrepreneurs

25 Crore MUDRA loans sanctioned; 70% to women entrepreneurs: President Kovind

By Najma Hashemi --
Saturday, 30 Jan, 2021

New Delhi, Jan 29: The President of India, Shri Ram Nath Kovind in a address to the joint sitting of two houses of the Parliament, gave a prominent figure to the Micro, Small & Medium Enterprises (MSMEs).

President said: “Our small scale industries, cottage industries and MSMEs spread across the villages and small towns are the backbone of our economy. These small scale industries have immense potential of making India self-reliant. This sector accounts for about 50% of India’s total exports.”

Focusing on the vital role of Women entrepreneurs to play in building up a self-reliant India, President revealed that over 25 crore loans have been sanctioned under the MUDRA scheme so far, out of which almost 70% have been given to women entrepreneurs.

President expressed that "several steps have been taken to enhance the role of MSMEs in the mission aimed at developing an Atmanirbhar Bharat."

As per President explanation, initiatives like Emergency Credit Guarantee Scheme for Rs 3 lakh crore, special scheme of Rs 20,000 crore for MSMEs in distress and Fund of Funds have benefitted lakhs of small scale industries.

“Besides ushering in greater transparency, the GeM portal has facilitated increased participation of the MSMEs even in far flung and remote areas in Government procurement,” added the President.

He also mentioned that “Under schemes like Hunar Haat and USTTAD, not only the skills of lakhs of crafts persons are being developed but employment opportunities are also being generated. Under these schemes, women crafts persons comprise more than half of the beneficiaries. These crafts persons are being connected to the global market through e-haat”.

According to the information given by President Kovind, more than 7 crore women entrepreneurs have become a part of the network of approximately 66 lakh Self Help Groups in the country, under Deendayal Antyodaya Yojana - Rashtriya Grameen Ajeevika Mission. To these women groups, the bank loans worth Rs 3,40,000 crore have been provided, during the last 6 years.

KNN

25 Crore MUDRA loans sanctioned; 70% to women entrepreneurs: President Kovind. New Delhi, Jan 29: The President of India, Shri Ram Nath Kovind in a address to the joint sitting of two houses of the Parliament, gave a prominent figure to the Micro, Small & Medium Enterprises (MSMEs).

President said: “Our small scale industries, cottage industries and MSMEs spread across the villages and small towns are the backbone of our economy. These small scale industries have immense potential of making India self-reliant. This sector accounts for about 50% of India’s total exports.”

Focusing on the vital role of Women entrepreneurs to play in building up a self-reliant India, President revealed that over 25 crore loans have been sanctioned under the MUDRA scheme so far, out of which almost 70% have been given to women entrepreneurs.

President expressed that "several steps have been taken to enhance the role of MSMEs in the mission aimed at developing an Atmanirbhar Bharat."

As per President explanation, initiatives like Emergency Credit Guarantee Scheme for Rs 3 lakh crore, special scheme of Rs 20,000 crore for MSMEs in distress and Fund of Funds have benefitted lakhs of small scale industries.

“Besides ushering in greater transparency, the GeM portal has facilitated increased participation of the MSMEs even in far flung and remote areas in Government procurement,” added the President.

He also mentioned that “Under schemes like Hunar Haat and USTTAD, not only the skills of lakhs of crafts persons are being developed but employment opportunities are also being generated. Under these schemes, women crafts persons comprise more than half of the beneficiaries. These crafts persons are being connected to the global market through e-haat”.

According to the information given by President Kovind, more than 7 crore women entrepreneurs have become a part of the network of approximately 66 lakh Self Help Groups in the country, under Deendayal Antyodaya Yojana - Rashtriya Grameen Ajeevika Mission. To these women groups, the bank loans worth Rs 3,40,000 crore have been provided, during the last 6 years.