- Prime Minister interacted with a woman entrepreneur from Raipur, Chhattisgarh, and founder of ‘House of Puchka’.
- MUDRA Yojana has had a transformational impact in promoting entrepreneurship and self-reliance: Prime Minister
- The scheme is not limited to any particular group; its objective is to empower youth to become self-sufficient: Prime Minister
- MUDRA Yojana has brought about a silent revolution by changing the social outlook towards entrepreneurship: Prime Minister
- Women constitute the majority of MUDRA scheme beneficiaries: Prime Minister
- A total of 52 crore loans have been disbursed under the scheme, making it a globally unique achievement: Prime Minister
Published on: April 8, 2025
By: [BTI]
Location: New Delhi, India
In a heartfelt interaction at his official residence, 7, Lok Kalyan Marg, Prime Minister Narendra Modi marked the 10-year milestone of the Pradhan Mantri MUDRA Yojana by engaging with its beneficiaries from across the country. The Prime Minister listened to several moving accounts of individuals whose lives were transformed through this pioneering microfinance initiative.
Describing the scheme as a catalyst for economic self-reliance, PM Modi said, “MUDRA has triggered a silent revolution in the country, empowering those who once lacked access to formal financial support. It has changed the social outlook towards entrepreneurship, especially among women and youth.”
One such success story came from Raipur, Chhattisgarh, where a young woman entrepreneur, founder of ‘House of Puchka’, shared her journey from cooking at home to establishing a thriving café business. She credited her success to strategic research in food cost management and a MUDRA loan that required no collateral. “Young people often fear risk and opt for jobs over business,” she said. PM Modi applauded her courage, remarking that taking risks early in life often paves the way for great accomplishments.
The Prime Minister also spoke to Gopi Krishna, an entrepreneur from Kerala who left his job in Dubai to start a renewable energy venture in India. Enabled by a MUDRA loan, he now offers solar energy solutions under the PM Surya Ghar Yojana. “Even with challenges like heavy rains and dense trees in Kerala, homes now enjoy free electricity,” he shared. PM Modi highlighted the significance of such stories in encouraging others to dream big.
From Kashmir’s Baramulla, entrepreneur Mudasir Naqshbandi shared his journey from being a job seeker to a job creator. Now the owner of ‘Bake My Cake’, he employs 42 people. “Most of our transactions are through UPI—over 90%,” he stated. Modi praised the digital adaptation and emphasized the importance of financial discipline fostered by the scheme.
In Silvassa, Suresh, who once worked a regular job, narrated how he became a successful business owner after a realization in 2022 that a job alone wasn’t enough. Inspired by his transformation, his friends are now considering MUDRA loans to start their own ventures.
Women entrepreneurs were a highlight of the event. A businesswoman from Rae Bareli thanked PM Modi for simplifying licensing and funding procedures. With her bakery now employing 7–8 people and generating a monthly revenue of ₹2.5 to ₹3 lakh, she pledged to contribute to a “Viksit Bharat.”
Love Kush Mehra, from Bhopal, started his pharmacy with a ₹5 lakh loan in 2021. With turnover now exceeding ₹50 lakh, he owns a ₹34 lakh home and earns over ₹1.5 lakh a month. PM Modi remarked, “This scheme isn’t limited to any group—it empowers all young Indians.”
A Bhavnagar, Gujarat-based 21-year-old engineering student used a ₹2 lakh loan to start a robotics and 3D printing lab while managing college on weekdays and business on weekends. “This reflects the limitless potential of India’s youth,” the Prime Minister noted.
Manali’s vegetable vendor-turned-entrepreneur recounted how she used successive loans of ₹2.5 to ₹15 lakh to expand her small stall into a grocery business earning up to ₹15 lakh annually. In Andhra Pradesh, a homemaker-turned-businesswoman received training and used a ₹2 lakh loan to start a jute bag manufacturing unit, later becoming a trainer herself.
Modi underlined how MUDRA loans have empowered citizens, especially women, without collateral or excessive paperwork. “Out of the 52 crore loans sanctioned under this scheme, most went to women. This is a testament to their financial discipline and repayment commitment,” he said.
He also spoke about broader societal benefits: “With increasing incomes, people can invest in education and improve their quality of life. These stories show that even small loans can bring monumental change.”
Highlighting the scheme’s growth, Modi said the loan ceiling has now been increased from ₹50,000 to ₹20 lakh, and a total of ₹33 lakh crore has been disbursed so far—more than any collective corporate aid globally.
Calling on beneficiaries to spread awareness, the Prime Minister urged each to inspire 5–10 others. “Let’s light up more lives through entrepreneurship,” he said.
Also present during the interaction was Union Minister of State for Finance, Pankaj Chaudhary, who lauded the scheme’s impact on MSMEs and grassroots innovation.
