To promote financial inclusion schemes and digital payment methods, Minister of Defense launched Mudra Promotion Campaign
Source :NewsBharati   Date :10-Oct-2017

Shillong, October 10: Union Minister of State for Defence, Dr Subhash Ramrao Bhamre in the presence of Zenith Sangma and other State Government officials inaugurated Mudra Promotion Campaign. The Mudra Promotion Campaign aims to promote Mudra loans, financial inclusion schemes, and digital payment methods. 

Visiting Shillong to promote Pradhan Mantri Mudra Yojna and review the operational preparedness of HQ Eastern Air Command (HQ EAC). Minister for Taxation, Government of Meghalaya Shri Zenith Sangma was the Guest of Honour in the event.


Speaking at the function Dr Bhamre brought out the salient aspects of the Prime Ministers Mudra Yojna (PMMY) the flagship scheme of Indian Government, which aims to provide formal access of financial facilities to the small businesses thereby creating more self-employment opportunities. He flagged the fact that since the launch of the scheme on 08 April 2015, 9.13 Crore loans have been sanctioned under PMMY. The total amount sanctioned is Rs. 3.96 lakh crore. Out of 9.13 Crore loans, loans to women constitute 6.89 crore (76%), SC/ST/OBC constitute 5.07 Crore (55%). With this, self-employment has been generated and some of the entrepreneurs have also created the job opportunities.

Further he also said that the government has launched National Digital Payment Mission (NDPM) to encourage digital payment. NPCI is assisting in this regard by way of providing the digital payments modes like UPI, USSD, IMPS, Aadhaar Pay and RuPay Debit Cards. Digital payment mode is very easy and safe. He exhorted all to adopt the digital payment method and asked all to unite and pledge to make India a digitally enabled society.

Dr Bhamre also visited HQ EAC, Shillong and reviewed the operational readiness of the Command. Senior Air Staff Officer HQ EAC Air Marshall Rajesh Kumar received the Minister and gave him a detailed operational briefing on all aspects of Air Force preparedness in the Eastern Theatre.

Earlier, Meghalaya’s Minister of Taxation, Zenith Sangma said that the State aspired to get more loans extended for the youths of the state even as he added that there were less number of bank branches and POS machines in rural areas of the state.

The Government of India seeks to promote Mudra loans, financial inclusion schemes and digital payment methods to encourage consumers and merchants to increasingly shift to these payment modes and to facilitate this, the ‘Mudra Promotion Campaign’ is being organized in 50 locations across the country from 27th September, 2017 to 17th October.