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5.5 cr Jobs Generated by Pradhan Mantri MUDRA Yojana
September 11, 2017
According to a recent report, the Pradhan Mantri MUDRA Yojana (PMMY) has led to the creation of about 5.5 crore new jobs, especially in the industrialized states. The scheme, which provides funding to small and medium business enterprises, has had the biggest impact on industrialized states viz. Tamil Nadu, Karnataka, and Maharashtra.
PMMY was launched by Prime Minister Narendra Modi on April 8, 2015, and has disbursed about Rs. 3.42 lakh crores to more than 8 crore people so far. Interestingly, a large number of these people weren’t involved in any business before.