According to Financial Services Secretary M Nagaraju, loans worth Rs 33 lakh crore have been disbursed under the scheme since its inception. Of the total beneficiaries, 68 per cent are women, while 50 per cent belong to Scheduled Caste, Scheduled Tribe and Other Backward Communities.

The scheme allows aspiring entrepreneurs to apply for loans through an online portal, removing traditional barriers to institutional credit. PM Modi highlighted how the Mudra Yojana has empowered those who were previously overlooked by the financial system.

He shared examples of individuals like Kamlesh, a tailor in Delhi, and Bindu, a broom-maker, whose lives were transformed through the support of the scheme. The Prime Minister said every Mudra loan symbolises dignity, self-respect and opportunity for those seeking a better future.

The initiative has contributed not only to financial inclusion, but also social inclusion and economic independence across the country. PM Modi praised the beneficiaries, stating that the scheme had turned countless dreams into reality and inspired confidence among India’s grassroots entrepreneurs.

The government reaffirmed its commitment to building a strong ecosystem that gives every aspiring entrepreneur access to credit and support. The Ministry of Finance described the Mudra Yojana as a trust-based movement that believes in people’s potential and in the smallest dreams having the power to grow.