Women major beneficiaries of Mudra and Stand-Up India schemes

livemint.com

The government’s plans to empower women got a major fillip, especially in the rural regions, with women getting a large portion of loans under the Pradhan Mantri Mudra Yojana (PMMY) and Stand-Up India (SUPI). Under SUPI, as of 24 November, out of 209,000 loans sanctioned, 84%, or 177,000 loans, have been sanctioned to women entrepreneurs, it added. PMMY facilitates micro credit, which are loans up to ₹10 lakh to micro enterprises engaged in the non-farm sector like manufacturing, trading and service sectors, including agriculture, poultry, dairy, etc. The Stand-Up India Scheme was launched in 2016 to promote entrepreneurship at the grassroot level, focusing on economic empowerment and job creation. This scheme has been extended up to 2025. Read More