Narendra Modi has formaly inaugurated “Pradhanmantri Mudra Yojna” in Dumka ( Jharkhand) under which about Rs. 200 Crore will be distributed as loan among 1.14 lakh citizens of State. Under this scheme loan would be given without any guarantee.
Modi encouraged the youth and said by now about 42 lakh people have benefited from this scheme . Out of these 42 lakh , 20 lakh are females who took this loan and started their small business to support their life and family. This scheme is to free the youth / villagers from the clutches of rural money lenders like Mahajan .
Rs. 7000 to open Kirana Shop
Rs. 3000 to start Vegetable shop
Rs. 2000 for Photo shop
Rs. 2.5k for Tea breakfast small stall
Rs. 3000 for Fruit shop
PM Narendra Modi again requested people to shun subsidy . This subsidy amount would help the poor and pave their path to become the part of development of country.