Finance Ministry Plans Series Of Mudra Camps Starting From Varanasi
Finance Ministry organises Mudra camps in bid to accelerate self-employment.
In a bid to accelerate self-employment opportunities, the finance ministry has decided to organise Mudra promotion camps across the country beginning September 27 from Prime Minister Narendra Modi’s constituency Varanasi.
As part of the special drive, 50 camps, including one each in state capitals, will be organised between September 27 and October 17, official sources said.
Besides, the camps will facilitate various modes of digital payments enabling users to transact from anywhere and create awareness on various financial inclusion instruments, the sources said.
The campaign will not only help promote loan disbursement under the Mudra Yojana but also spread awareness about digital payment methods, financial inclusion and social security schemes, the sources added.
Banks have sanctioned Rs 74,601 crore to 1.59 crore beneficiaries across the country since April this year. Since the launch of Mudra Yojana by Prime Minister Narendra Modi in April 2015, banks have disbursed Rs 3.66 lakh crore to 8.77 crore beneficiaries.
These camps will see participation from all the banks, SIDBI and Common Service Centres.
Insurance companies will also set up stalls at the camps to motivate citizens to enrol in social security insurance schemes -- Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY).
The big draw of these camps are going to be Aadhaar seeding and authentication, assisting visitors to download and use the BHIM app on individual mobiles and distribution and activation of RuPay cards, sources said.
The Unique Identification Authority of India (UIDAI) will put up a stall at the Mudra Promotion Campaign for awareness and facilitation of Aadhaar enrolment and updation of Aadhaar details for the visitors. The National Payments Corporation of India will put up a stall for awareness and facilitation of digital transactions for the visitors. In addition, each branch of public sector banks will organise a small Mudra Awareness Camp in October.
Under the Mudra Yojana, a loan of up to Rs 50,000 is given under 'Shishu' plan, between Rs 50,000 to 5 lakh under 'Kishore plan', and between Rs 5 lakh to 10 lakh under 'Tarun' plan.
Shishu, Kishor and Tarun are hindi words that signify the stage of growth and funding needs of the beneficiary micro unit or entrepreneur.
