Pradhan Mantri Mudra Yojana changed the fate of vegetable seller, Srinivas of Tumkur told his story

Tumkur, April 9 (IANS). The central government argues various schemes to improve the state of the poor and give work to the youth. It has a Pradhan Mantri Mudra Yojana. The beneficiaries of Pradhan Mantri Mudra Yojana of the central government in the Karnataka Tumkur district lead a sufficient life. Through this scheme, he not only received financial help, but his standard of living has also improved. Srinivas, a beneficiary of this scheme, spoke to the Ians news agency and told his success story. He said he initially took a loan of Rs 10,000 under the Mudra Yojana. With this amount, he continued his vegetable business and repaid this loan in ordinary monthly payments. After repaying the loan, he also approved a second loan of Rs 20,000, giving him the opportunity to grow further. Srinivas said: “I expanded my shop with this loan and also improved the financial condition of the family.” In the third phase, he obtained a loan of Rs 50,000, which further strengthened his business. Srinivas said he had to borrow money from local money lenders before the Mudra Yojana. This further increased their economic condition, but this government’s plan has given him a new direction. He said, “Now my life has become better than ever.” He also informed that the documents were investigated by the municipal officials before he first received the fund under the scheme. Initially it was called Mudra Yojana, but later it was renamed ‘Swanidhi Yojana’. According to government instructions, Srinivas also set a plate related to the plan in front of its vegetable store. He described it as a positive initiative and said that clients could also find information about the scheme. Many small traders such as Srinivas in the Tumkur district benefit from this scheme and have now become self -sufficient. This central government initiative seems to be a milestone for small traders and street vendors. -Ians DSC/CBT Share this story Tags