12 cr gain by MUDRA: Najma

unnamedUnion Minister of Minority Affairs Najma Heptulla hoped MUDRA would drive development by providing capital to non-farm sector business ventures. Almost 5.77 crore small business units could expect help and guidance from MUDRA and an estimated 12 crore people employed in these units would benefit from MUDRA. The objective was to ‘formalise the informal by funding the unfunded’. MUDRA can further promote and
facilitate the cause of financial inclusion, she said. It could fuel further job creation in the unorganised sector. MUDRA can also contribute towards the development of socially and economically backward sections of the society as most of the small business units
are owned by them. Providing financial assistance to small and medium enterprises, which generate employment, is the best way to help grow the economy, she said.

Medaram Jathara

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