Mudra Yojana revolutionary

CM inaugurates country’s first Mudra Loan mega camp

Thanks PM Mr. Narendra Modi

lead22.9Bhopal, September 22, 2015 (Muslim Saleem):  Chief Minister Mr. Shivraj Singh Chouhan inaugurated country’s first Mudra Loan mega camp under Pradhan Mantri Mudra Yojana organised by Allahabad Bank here today. He also distributed loans to beneficiaries. Addressing the function at Samanvay Bhavan, he said that this scheme is revolutionary for the state and country. Thanking Prime Minister Mr. Narendra Modi on behalf of Madhya Pradesh, the Chief Minister said that the government stands for the poor and economically backward people. He exhorted youths to move forwards, avail benefit of Mudra Yojana and enrich state with their own economic upliftment.

Referring to Mukhyamantri Yuva Swarozgar Yojana and Mukhyamantri Yuva Udyami Yojana, Mr. Chouhan said that the state government has taken steps like bank loan guarantee and interest subsidy to motivate youths to set up their own employment. He urged youths to become employers instead of job seekers. Youths have will and talent and ability to become industrialists like Tata, Birla and Ambani. He said that the state government is committed to fulfilling basic needs like food, clothes and houses. The Chief Minister said that maximum number of youths will be provided loans this year. He urged banks to increase target to give loans to youths.

He said that he has made comprehensive arrangements for health, education and employment of the poor. Congratulating Allahabad Bank for organising the camp, Mr. Chouhan said that this effort will boost micro and small units in the state. He urged beneficiaries to repay loan timely to become eligible to avail loan again. This will benefit banks and their business will also grow. ED of Allahabad Bank Mr. N.K. Sahu dwelt in detail on the bank’s services. He informed that 20 new branches will be opened this year at unserviced places.

He informed that loans have been given to over 1000 beneficiaries at the mega camp. Roads and infrastructure have improved. Economic scenario has witnessed positive change. Lauding Mukhyamantri Yuva Swarozgar Yojana and Mukhyamantri Yuva Udyami Yojana, he said that the bank will increase target of beneficiaries under the scheme.