इंडियन आवाज़     13 Apr 2024 11:37:33      انڈین آواز

PM foreign visits have made unprecedented impact: FM

(Last Updated On: 27/09/2015)


Finance Minister Arun Jaitley on Sunday said that Prime Minister Narendra Modi’s US visit have made an “unprecedented impact”. He said that other countries want to do more business with India at a time of global economic slowdown.

“The prime minister’s visits have created an unprecedented impact. Packed stadiums listen to him with great attention. There is an election-like mood of frenzy in the audience,” he said in a Facebook post titled “The impact of the Prime Minister’s international visits”.

Jaitley said Modi is seen as a “decisive leader” who is pursuing changes and reforms.

“His directional push to reforms and growth is no way impacted by the anti-growth attitude of the Congress party. His determination appears to be firm. The result is that even in an adverse environment of global slowdown, India is showing potential of a respectable growth rate,” Jaitley said.

“It is time to analyse how this change came about? How is it that a mood of despondence that existed sixteen months ago has completely changed,” he added.

On the recently launched MUDRA loan scheme for small entrepreneurs, Jaitley said the government does not intend to give “buksheesh”, or tips, but to make people economically self-sufficient.

“The model of the present government is not to give ‘buksheesh’ but to enable people to make them economically self-sufficient and live a life of dignity. MUDRA scheme will be a game changer over the next few years,” the minister added.

“India may not be able to provide employment to all but our economy is strong enough to provide resources to the weakest to enable them to be self-employed and self-dependent,” he said.

“I anticipate that this year the number of beneficiaries crossing 1.5 crores. This number will increase year after year,” he added.

Jaitley said the MUDRA scheme would continue for the next few years.

“The targeted beneficiaries are six crore people who need to be developed into India’s small entrepreneurs. They will all be issued Debit Cards, which will allow them withdrawal of money through ATMs. These people cannot afford securities and hence the requirement of furnishing securities will not be applicable for loans to them,” he said.

The campaign is aimed at generating credit to micro enterprises and also to create an eco-system of bank credit to aspiring small and micro entrepreneurs under the Pradhan Mantri Mudra Yojana (PMMY).

All public sector banks, regional rural banks and private sector banks have a target of Rs.1,22,000 crore during the current financial year for disbursement to small and micro enterprises.

The newly set up MUDRA (Micro Units Development and Refinance Agency) Bank is a public sector financial institution aimed at providing loans at low rates to microfinance institutions and non-banking financial institutions which then provide credit to MSMEs.

MUDRA Ltd has been established as a subsidiary of SIDBI with an initial corpus of Rs.5,000 crore to provide capital to all banks seeking refinancing of small business loans under PMMY.

During the current fiscal up to September 22, a total of 35.60 lakh borrowers have availed credit totalling Rs.24,123 crore from MUDRA. Of these, 52 percent beneficiaries are women and around 50 percent are new enterprises.

Leave a Reply

Your email address will not be published.


PATANJALI CASE: سپریم کورٹ نے بابا رام دیو کی معافی قبول کرنے سے انکار کر دیا۔

SOCIAL MEDIA نئی دہلی: سپریم کورٹ نے بدھ (10 اپریل 2024) کو ادویات کے ...

سپریم کورٹ نے گمراہ کن اشتہارات پر پتنجلی آیوروید اور بابا رام دیو کی سرزنش کی۔

AMN / WEB DESK سپریم کورٹ نے گمراہ کن اشتہارات کے معاملے میں منگل ...

سپریم کورٹ نے ایم پی سنجے سنگھ کو ضمانت دی، ای ڈی نے مخالفت نہیں کی۔- sanjay singh

نئی دہلی: عام آدمی پارٹی کے رکن پارلیمنٹ سنجے سنگھ کو دہلی ای ...


Singapore: PM urges married Singaporean couples to have babies during year of Dragon

AMN / WEB DESK Prime Minister of Singapore Lee Hsien Loong has urged married Singaporean couples to have ba ...

Himachal Pradesh receives large number of tourists for Christmas and New Year celebrations

AMN / SHIMLA All the tourist places of Himachal Pradesh are witnessing large number of tourists for the Ch ...

Indonesia offers free entry visa to Indian travelers

AMN / WEB DESK In a bid to give further boost to its tourism industry and bring a multiplier effect on the ...


 Sheyphali Sharan Takes Charge as PDG of PIB

AMN Senior Information Service Officer Sheyphali B Sharan today took over the charge of Principal Director ...

Noted Journalist Zafar Agha Passes Away

Journos shocked over his demise AMN / NEW DELHI Noted journalist and and the Editor-in-Chief Nation ...


Mata Vaishno Devi Bhawan Decorated With Imported Flowers Ahead Of Navratri Festival

AMN In Jammu, ahead of the festivl of Navratri, Katra and Mata Vaishno Devi Bhawan is decorated with import ...

Holy Relics of Lord Buddha Return to India After Exposition in Thailand

AMN The holy relics of Lord Buddha and his disciples Arahant Sariputta and Arahant Maha Moggallana has ret ...

@Powered By: Logicsart