10 years of PM Modi's Mudra Yojana completed, the loan changed the fate of beneficiaries without guarantee

Damoh, April 8 (IANS). The Pradhan Mantri Mudra Yojana (PMMY) of the central government today proves a milestone to exacerbate the poor and needy parts of the country financially. This scheme has given many people’s lives. On this day (April 8) 2015, Prime Minister Narendra Modi began this scheme, which has now completed his ten successful years. The purpose of this scheme is to give loans on easy conditions to small traders, shop owners, self -activity and entrepreneurs based on agriculture, without any guarantee or property. Ajay Jain, a resident of the Damoh district, who runs a small shop toys and gift items near the old Ashram, was able to rejuvenate his stationary store by Prime Minister Mudra Yojana. Ajay Jain told the Ians news agency that he received an application of Rs 5 Lakh a few months ago and that he received this loan without any guarantee. He repaid the dealers with this amount and bought new variety of goods. Beneficiary Ajay Jain said: “Earlier, the store earned Rs 500-600 daily, but now it has increased to more than Rs 1000. Narendra Soni, general manager of the Damoh district, said that about 7,000 beneficiaries of the district currencies worth about 100 crore. Premier Mudra Yojana gave my dreams wings. Today I stand on my own feet and give the government credit. This scheme gives a new direction for millions of youths. ”-Ians DSC/CBT