Essay on Mudra Yojana in English *Best Essay*

Essay on Mudra Yojana:- Prime Minister Of India Launches the Monetary Bank scheme on April 8, 2015. It is for the Promotion of the small businessman. It is named as the Prime Minister’s Money Scheme/ Mudra Yojana. The scheme is inaugurated by Finance Minister Arun Jaitley. The scheme ensure grantee Credential from 20 thousand crore rupees and 3 thousand crore. It is for the encouragement of the small business man of country.  So that the development of the country can be focused by the small level development.

The article will inform you regarding the Mudra Yojana and various other aspects related to it. The guidance for the currency target under the scheme will also be available. You can make use of the information. As such information is asked for the government exams in form of descriptive parts. Even the student should be aware to them.

essay on mudra yojana

Essay on Mudra Yojana in 100 Words

It is Basically a scheme for the people of India. It was inaugurated by the prime Minister of India Mr. Narendra Modi. The scheme came in existence on  April 8, 2015. The scheme will help the small entrepreneur and the business owners. Under the Mudra Yojana the business enterpreneur will get Financial help. As the development of the country is in the development of the small business as major population belongs to the sector. The candidate can apply loan under the scheme. Various interest rate for the loan amount depending on the Loan amount. If you get the loan amount of  50,000 rupees for only 10 percent.

Essay on Mudra Yojana in 150 Words

Every country aims at the welfare of the people of its country. So as India. The Indian government for the welfare of the small business person of the country. To promote the Women to set up their business. Government of India announced a scheme on April 8, 2015. Prime Minister Narendra Modi  announced the scheme to the nation. Mudra Yojana will ensure to help the people of the backward caste. As per the information the scheme will allow the people to get the bank loan to set up their business.

The Mudra scheme will give loan to the Business enterpreneur at the low interest rate to set up their business. But the priorities to the women belonging to the categories of Scheduled Castes, Scheduled Tribes and Other Backward Classes. It will lead to generate employment and number of people will get jobs under the set up. Different categories are set up for the implementation of scheme such as Shishu, Kisor and Tarun to avail loan upto 10 Lac.

Essay on Mudra Yojana in 200 Words

Mudra Yojana is the Loan scheme for the people of India. As the small business man and entrepreneur can avail the benefit of the scheme.  On April 8, 2015 Prime Minister Narendra Modi announced the scheme. As the scheme mostly aims to benefit the people of the low background. So that they can set up their own business. The Loan amount can be availed by the women also, as 70% benefit to the women entrepreneur.

The best part of the Loan scheme is that the loan offered under the scheme is available at low interest rate. The scheme will be implemented as Shishu, Kisor and Tarun. The candidate will get the loan of Rs.50,000 under the initial stage of the scheme at the inerest rate of 10%. The loan amount from Rs. 50,000 to Rs. 5 Lac can is applicable for the Kisor at the inerest rate of 14 to 17%. Under the Tarun category the candidate can get the loan amount upto 10 lac at the interest rate of starting 16 %. The candidate can approach the nearby bank with the documents applicable to avail the loan for the set up of business. The loan can be repay back in the time tenure of 5 to 7 years. With the implementation of the Mudra Yojana more job opportunities will be generated.

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About the author

Mukesh Jindal

Mukesh Jindal

My name is Mukesh Jindal, and I am from New Delhi, India. I am an engineer by profession. I am employed by an IT company in which I work. My topics of interest include technology, mobile, and apps.

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