1,000 Mudra loans get sanctioned by the time you receive your delivery app order: PM Modi

IANS April 8, 2025 256 views

Prime Minister Narendra Modi highlighted the remarkable speed and impact of the Pradhan Mantri Mudra Yojana during its 10-year anniversary. The scheme has successfully sanctioned over 52 crore loans without collateral, creating opportunities for 11 crore first-time entrepreneurs. By providing easy access to financial resources, Mudra has empowered marginalized individuals to pursue their business dreams. The program represents a significant milestone in India's financial inclusion and entrepreneurial ecosystem.

"11 crore people have become first-time entrepreneurs, which means 11 crore dreams have taken flight" - PM Narendra Modi
1,000 Mudra loans get sanctioned by the time you receive your delivery app order: PM Modi
New Delhi, April 8: Prime Minister Narendra Modi on Tuesday said that by the time a person finishes watching one episode on an OTT platform, the foundation for 5,000 new Pradhan Mantri Mudra Yojana (PMMY) businesses has already been laid, emphasising on the speed at which these loans are being approved.

Key Points

1

Mudra scheme sanctions 1,000 loans faster than a delivery app order

2

52 crore loans disbursed in 10 years without guarantees

3

Provides collateral-free loans up to Rs 10 lakh for entrepreneurs

According to Prime Minister, instant delivery apps are in demand these days and by the time "you receive your order, 1,000 Mudra loans get sanctioned".

The Mudra scheme not only empowered those who couldn't get loans due to lack of collateral but also gave the country's youth a new path to pursue their dreams, said PM Modi during a media event here.

"In the last 10 years, more than 52 crore loans have been disbursed without any guarantee under the Mudra Yojana," said PM Modi while addressing the 'News18 Rising Bharat Summit' in the national capital.

"It's not just the scale, but also the speed that's unprecedented -- by the time a traffic light turns from red to green, 100 Mudra loans get approved. 200 Mudra loans are approved by the time you finish brushing your teeth. About 400 Mudra loans are sanctioned by the time you listen your favourite song on radio," the prime minister said.

Because of Mudra scheme, more than 11 crore people got self-employment opportunity. "These 11 crore people have become first-time entrepreneurs, which means 11 crore dreams have taken flight in 10 years," said the Prime Minister.

The PMMY, launched on April 8, 2015, by PM Modi, is celebrating 10 glorious years of empowering small and micro-entrepreneurs across India. Aimed at fostering financial inclusion, PMMY provides easy, collateral-free loans up to Rs 10 lakh for non-corporate and non-farm income-generating activities.

With over Rs 33.65 lakh crore sanctioned to more than 52 crore Mudra loan accounts, the scheme has proved to be an important milestone in giving wings to the aspirations of crores of entrepreneurs, particularly those belonging to marginalised sections of society.

The scheme has provided crucial financial assistance to a vast number of entrepreneurs, helping them set up and operate their businesses and instilling a sense of financial security in them.

Reader Comments

R
Rahul K.
This is truly impressive! The speed at which these loans are being processed shows how digital transformation can benefit common people. My cousin got a Mudra loan last year to start his mobile repair shop - life changing for his family. 👏
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Priya M.
While the numbers sound great, I wonder about the repayment rates. Quick approvals are good but we need more transparency about how many of these businesses actually succeed. Still, giving opportunities is always better than not trying.
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Sunil G.
The analogies are creative but I wish the article had more details about the application process. How does one actually apply for these loans? Are there any hidden charges? The concept is good but execution matters too.
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Anjali T.
My beauty salon started with a Mudra loan! 3 years later I now employ 4 other women from my neighborhood. This scheme has been a blessing for women entrepreneurs like me who don't have property to offer as collateral. 💖
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Vikram S.
The numbers are staggering - 52 crore loans! Even if half of these ventures succeed, that's massive job creation at grassroots level. Hope they continue improving the scheme with better financial literacy programs too.
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Neha P.
Love how the PM uses everyday examples to explain scale. Makes complex economic concepts relatable! Though I do wish more women in rural areas could access these loans easily - maybe need more awareness campaigns there.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Tags:
Mudra Yojana PM Modi Entrepreneurship Financial Inclusion Small Business Loans
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