Oct 172015
 

Mudra Yojana launched in National Capital Territory of Delhi

There are uncountable number of unemployed people in India looking for jobs every day. Getting each one of them employed is a great challenge for the country. However, the government has been initiating numerous schemes and offering assistance to curb unemployment as much as possible. One such latest scheme is the Pradhan Mantri Mudra Yojana launched recently in the month of April 2015. The MUDRA Yojana aims at assisting the small entrepreneurs financially so that the small businesses sector can create more jobs for the unemployed people of the country.

It is estimated that the small businesses employ more people as compared to the large industries. And so our PM is of the view that by supporting these small businesses and entrepreneurs, growth of India’s economy can be boosted.

How the Mudra Yojana Operates: 

So far Mudra has registered over hundred institutions to channel the financial assistance to the borrower.  As many as 27 Public sector banks, 17 Private sector banks, 27 Regional Rural banks and 25 MFIs have already been joined to offer finance to the needy through the Mudra Scheme.

List of MFIs chosen for NCT of Delhi:

Till now there are tentatively 4 shortlisted MFIs in the Delhi National Capital Territory namely, S V Creditline Pvt. Ltd. – Gurgaon, Fusion Micro Finance P. Ltd – New Delhi, Shikhar Microfinance Pvt. Ltd. – Dwaraka, New Delhi and finally Satin Credit Care Network Ltd – Delhi.

Besides, there are officers appointed at SIDBI branches across the country to further assist people.  The details of these officers are available at Mudra website www.mudra.org.in. Queries can be posted at help@mudra.org.in.

Borrowers who want to apply for Mudra Loan Yojana to get financial assistance to start or augment their business can approach a local branch of any of the referred institutions mentioned above in their locality. The sanctions will be offered as per the norms of eligibility of the respective lending establishment being approached. 

Loans under Mudra Yojana: 

Loans will be offered under three categories at the moment such as: Shishu, Kishore and Tarun. The targeted beneficiaries of this Yojana would receive Debit Cards which they could use to withdraw money from ATMs. Moreover, since most small entrepreneurs cannot afford securities, so delivering security in Mudra loan has not been applied. One more thing, the Mudra loans will be given on the basis of business proposals of these potential entrepreneurs and not on any other base.

Mudra Yojana Drive in Rural Delhi:

Punjab National Bank – a public sector bank, launched a drive in September to support the Mudra Yojana in rural Delhi.

Mudra Yojana – taste of success: 

Shortly after its launch, Mudra Yojana distributed over Rs. 24,000 crores of loans among more than 37 lakh beneficiaries, which is expected to cross 1.5 crores within this year.

Being a huge country, India may not be able to offer employment to all, however, by offering resources to the needy for being self – employed, the government aims to engage its huge population while boosting the economy at the same time.

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