Summary:

On April 14, 2025, Union Minister of State for Finance, Pankaj Chaudhary, announced that approximately ₹33 lakh crore in collateral-free loans under the Pradhan Mantri Mudra Yojana had been disbursed to 52 crore individuals over the past 10 years. Speaking at the IRS valediction ceremony in Nagpur, he noted that these loans—68% of which benefited women—have fueled entrepreneurship and small enterprises, contributing significantly to India’s economic growth through self-employment and business development.

He highlighted that the government’s sustained investment in infrastructure over the last decade has significantly accelerated development in both rural and urban regions. Addressing the newly appointed IRS officers, he underscored their pivotal role in realizing Prime Minister Narendra Modi’s vision of transforming India into a developed nation by 2047. He further emphasized that inclusive growth and policy-driven empowerment will be key pillars in shaping the country’s longterm economic strategy and overall prosperity

Source: IBEF 

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