Women entrepreneurs, major beneficiaries of Mudra: Textiles Minister
New Delhi: Cornering nearly 75 per cent of the total disbursals, Textiles Minister Smriti Irani on Wednesday remarked that women entrepreneurs were one of the major beneficiaries of central government's Mudra scheme.
Textiles Minister Smriti Irani
Speaking at the Raisina Dialogue 2019, Ms. Irani remarked that the government, through various policy interventions, was trying to ensure that more and more women would enter the organised sector.
"Loans amounting Rs.14 crore have been processed and among them, 75 per cent have gone only to female entrepreneurs. This, in turn, speaks a lot about the latent entrepreneurial talent of Indian women and it is the key lies for exponential growth."
Ms. Irani further added that, in the textiles sector, about 70-75 per cent of the workforce were women and asserted that the industry has understood that if it ensures residence and education for girls, 'it will have people who wanting to stay longer for a company, learn and enhance their skills.'
The Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of the government to provide loans of up to Rs 10 lakh to small entrepreneurs.
The loans are being given by banks, small finance banks, non-banking financial companies (NBFCs) and microfinance institutions.
The scheme aims to strengthen forward and backward linkages for robust value chains anchored by industries, aggregators, franchisors and associations. When asked about the reasons for delay in the passage of the 'Women Reservation Bill' in Parliament, the minister stated, "We have time and again said that all political parties need to come together and help us pass the bill, that is an offer we have made, we have not found many takers".
The bill was passed during the UPA rule in the Rajya Sabha in March 2010, but could not be passed in the Lok Sabha.