Over Rs 9 lakh crore disbursed as Mudra loans since 2015: Labour minister Santosh Kumar Gangwar

PMMY was launched by Prime Minister Narendra Modi on April 8, 2015, to advertise entrepreneurship. Below the scheme, loans as much as Rs 10 lakh is supplied to non-corporate, non-farm small or micro enterprises.

Labour minister Santosh Kumar Gangwar on Wednesday mentioned a complete of Rs 9 lakh crore has been disbursed as collateral-free loans to this point beneath the Pradhan Mantri Mudra Yojana (PMMY), a scheme that gives monetary assist to budding entrepreneurs.

“There have been round 70% accounts of ladies on this (Mudra) scheme,” the minister mentioned delivering a ministerial deal with on declaration and employment working group priorities at G20 Labour and Employment Ministers’ Assembly.

PMMY was launched by Prime Minister Narendra Modi on April 8, 2015, to advertise entrepreneurship. Below the scheme, loans as much as Rs 10 lakh is supplied to non-corporate, non-farm small or micro enterprises.

Addressing the assembly, the minister mentioned India was making collective efforts to cut back gender gaps in labour power participation.

“The brand new Code on Wages, 2019, shall cut back gender-based discrimination in wages, recruitment and circumstances of employment. Girls are entitled for every type of labor in all institutions. Employers have to make sure their security and provisions for working hours. Girls can now work even throughout night time hours,” he mentioned.