10 years of Pradhan Mantri Mudra Yojana: More than 47 lakh entrepreneurs benefit in UP alone

After completing a decade of the Pradhan Mantri Mudra Yojana (PMMY) launch on April 8, 2015, Uttar Pradesh emerged as a leading state in the implementation of the scheme, which has more than 47 Lakh entrepreneurs in FY 2024-25 on Wednesday, a government hero said. According to official data, until March 21, 2024, a total of £ 49,501 crore was distributed through currency loan in Uttar Pradesh. From this, £ 37.875 was given crore by banks to 30.76 lakh persons, while £ 11,626 crore was distributed by non-banking financial enterprises (NBFCs) to 16.16 Lakh beneficiaries. The spokesman said: “The scheme seems to be a major change for small traders, startups and persons with self -activity, especially in areas such as food processing, crafts, retail trade, agricultural -based businesses and services. It also prioritizes support for women entrepreneurs, scheduled role players, scheduled tribes, other backward classes and disabled people.” As a major incentive, the central government increased the £ 10 lakh loan limit in October 2024. The move is expected to help small businesses to expand and expand digital payment systems such as QR code, POX and UPI platforms, which are more integrated into the digital economy. The spokesman said the scheme contributed significantly to the reduction of unemployment and the promotion of grassroots entrepreneurship, especially in rural areas. With regular monitoring and active support from banks, the state government has ensured in time and targeted distribution of benefits. He said: “The Mudra Yojana has become an important pillar of economic empowerment in Uttar Pradesh, which paves the way of self -sufficiency for millions of people,” he said and inspired by the determination of small entrepreneurs, supported by the bank ecosystem. “Share this story -tags