Citing disbursal of loans under the Pradhan Mantri Mudra Yojna (PMMY), Prime Minister Narendra Modi Thursday said “unprecedented” employment and entrepreneurial opportunities exist in the country today. Modi addressed the employees of Hari Krishna Exports, a prominent Suarat-based diamond processing-exporting firm, through video conference from Delhi. The company, led by Savji Dholakia, gifted 600 cars to its employees Thursday as Diwali bonus at an event named as ‘Hari Krishna Skill India Incentive Ceremony’.
“Around 14 crore loans were disbursed across the country under this (Mudra) scheme. Out of these, 40 lakh loans were given to the youth of Gujarat. In the last four years, loans worth Rs 7 lakh crore were disbursed under this scheme,” Modi said in his speech. “Out of all those who took loans under Mudra, over 3.5 crore youth were first-time entrepreneurs, as they have chosen the path of self-employment for the first time. Today, there exist unprecedented employment as well as entrepreneurial opportunities in the country,” the prime minister said.