This Site Content Administered by
EXTERNAL AFFAIRS

MUDRA Promotion Campaign in Mumbai

MUDRA Loan aims at encouraging small entrepreneurs – V.K. Singh


Mumbai: October 11,2017

Finance is of key importance in transforming business ideas into reality, Micro Units Development and Refinance Agency

(MUDRA) loan plays a vital role in this process said Minister of state for External Affairs General (Retd.) V. K. Singh today. He was the Chief Guest at MUDRA Promotion Campaign in Mumbai. Shri Singh said that the scheme aims at encouraging small entrepreneurs to start their business by providing financial support to their ideas. He remarked that this scheme has helped women and weaker section of the society. He appealed to bankers to take feedback and plug the loopholes if any so that the scheme can be implemented more effectively.

Shri Singh also said that farmers suicide can be tackled if a family member of the farmer avails the MUDRA loan and starts some other occupation so as to ease the financial stress of the family.

The Minister said that it is necessary to promote MUDRA loans and encourage entrepreneurs to grow their businesses and create employment as the government has limited employment opportunities.

Central Government seeks to promote digital payment methods to encourage consumers and merchants to increasingly shift to these payment modes. To facilitate this, MUDRA Promotion Camps are being arranged at 50 locations across the country to reach out to people and to facilitate various modes of digital payments enabling users to transact anytime from anywhere and create awareness on various financial inclusion instruments.

During the function two MUDRA Loan achievers shared their experiences with the audience. MUDRA Loan Certificates were also distributed to some of the beneficiaries.

Later Shri Singh inaugurated the stalls organized at the venue by the participants and visited some of the stalls. Participants included NABARD, Banks, Life Insurance Corporation of India, The New India Assurance Company Limited, United India Insurance Company Limited, The Oriental Insurance Company Limited, National Insurance Company Limited, National Payments Corporation of India and Unique Identification Development Authority of India.

Shri Arvind Sawant , Member of Parliament, Smt. Pankaja Munde, Minister for Rural Development, Women and Child Development, Government of Maharashtra and other dignitaries were present on the occasion.

 

 

PIB-Mumbai/NS

 
PIB Release/MH/175
NS --MG

Click here to download high quality photo

    Click here to download high quality photo

more photos ....
MEDIA UNITS

PIB MAIN SITE (DELHI)

DD NEWS

AIR NEWS

D A V P

R N I

D F F

GOVERNMENT LINKS

PRESIDENT

PRIME MINISTER

CENTRAL GOVERNMENT

MAHA. GOVERNMENT

MAHARASHTRA MEDIA

MEDIA LIST

NEWSPAPERS

TELEVISION MEDIA

MEDIA REGULATION

CABLE REGULATION

CONTENT CODE

ADVERTISING CODE

PROGRAMMING CODE

JOURNALIST CORNER

JOURNALISM BASICS

INDIAN SCHOOLS

INT.SCHOOLS

PIB LIBRARY

OTHER LINKS

INDIAN AIRLINES

INDIAN RAILWAYS

BUSES


This Site Content Administered by : Manish Desai, Director (M&C),
Press Information Bureau, Mumbai
Site is designed and hosted by National Informatics Centre (NIC)
Information is provided and updated by :Press Information Bureau