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Women entrepreneurs greatest beneficiaries of PM Modi's Stand-Up India, Mudra scheme

Prime Minister Narendra Modi government's two pet scheme to help entrepreneurship and independent work by aiding set-up micro enterprises — Stand-Up India and Pradhan Mantri Mudra Yojna (PMMY) — have women as their greatest beneficiaries for the almost five-year-old Stand-Up India scheme, under which bank loans of Rs 1 lakh to Rs 1 crore are encouraged to in any of the one scheduled caste or scheduled tribe and one-women borrower per branch of scheduled commercial banks, more than 81% record holders were women as on February 26, 2021, as indicated by Ministry of Finance.  

Govt ought to be complimented for making such gender responsive arrangements, to stir the route for women entrepreneurship, and especially for taking perception of women' job in the economy. We do realize that 60% of Indian women are sitting at home and that needs monstrous awaking. The Government has perceived this and it is the onus of business chamber, for example, our own to be the associating spots to raise awareness around plans accessible, Jahnabi Phookan, National President, FICCI women Organization revealed.  

As of 26.02.2021, more than 81%, that is, 91,109 records with a measure of Rs 20,749 crore have been sanctioned to women entrepreneurs under Stand-Up India Scheme, the service said in a proclamation on the event of International Women's Day on Monday. This was up from 73,155 records having a place with women with a amount of Rs 16712.72 crore has been sanctioned under the Stand-Up India plot as of February 17, 2020.  

Moreover, for PMMY launched in April 2015, "around 68 percent, that is, 19.04 crore accounts with a amount of Rs 6.36 lakh crore have been sanctioned to women entrepreneurs' visionaries under MUDRA plot since origin, as of February 26, 2021. The plan means to offer up to Rs 10 lakh advances to the non-corporate, non-farm micro/small enterprises named Mudra credits given by business banks, local country banks, small finance banks, microfinance institution, and non-banking financial organizations.  

Most importantly, government obtainment from women-owned micro and small enterprises (MSEs) has additionally hit a record high in FY21 since the launch of the public acquisition strategy observing stage MSME Sambandh in December 2017 by the public authority. Government offices, associations, and services had effectively bought goods and services worth Rs 563.88 crore from 3,622 women owned MSEs as of March 8, 2021, in the current financial year opposite Rs 393.43 crore worth obtainment in FY20 from 3,655 women MSEs.  

In the meanwhile, the credit guarantee fund trust for micro and small enterprises (CGTMSE), which works the credit ensure scheme for micro and small enterprises (MSEs), had concurred ensure approved to 67,171 advance records of women entrepreneur's visionaries for a measure of Rs 3,366.63 crore as of December 12, 2020, in the current monetary year, as per the information shared by the MSME Minister Nitin Gadkari in a composed answer to an inquiry in the Rajya Sabha in February this year. The records endorsed during FY20 for women entrepreneurs under CGTMSE to help their business extension and development remained at 1,24,984 including Rs 5,367.38 crore. 

CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

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CA Vikas Jain

CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

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