Narendra Modi launches Mudra Bank for small firms with Rs 20,000 crore corpus

Prime Minister Narendra Modi on Wednesday launched a bank with a corpus of Rs 20,000 crore to extend credit of up to Rs 10 lakh to small businesses and regulate micro-finance institutions, to promote their growth, add to the country's output and create jobs.

The move is aimed at benefiting some 58 million small businesses in the country, who account for a mere four percent of institutional funding, despite employing over 120 million people, many from unprivileged strata of society, the officials said.

"After 'banking the un-banked' with the Jan Dhan Yojana, it's time to 'fund the unfunded'," the Prime Minister said at an event to launch what is called Micro Units Development and Refinance Agency - Mudra.

Narendra Modi launches Mudra Bank for small firms with Rs 20,000 crore corpus - The Economic Times

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India becomes first non-NPT signatory to ink landmark civil nuclear deal with Japan

India and Japan today signed the civil nuclear agreement during Prime Minister Narendra Modi's visit to Tokyo. A landmark deal for a cleaner, greener world! PM @narendramodi and PM @AbeShinzo witness exchange of the landmark Civil Nuclear Agreement The deal would allow Japan to export nuclear technology to India, making it the first non-NPT signatory to have such a deal with Tokyo Japan is a major player in the nuclear energy market and an atomic deal with it will make it easier for US-based nuclear plant makers Westinghouse Electric Corporation and GE Energy Inc to set up atomic plants in India Other nations who have signed civil nuclear deal with India include the US, Russia, South Korea, Mangolia, France, Namibia, Argentina, Canada, Kazakhstan and Australia. Source:- India becomes first non-NPT signatory to ink landmark civil nuclear deal with Japan

Schemes by NDA government status.

Ujjwala Yojna :- Objective - The scheme is aimed at replacing the unclean cooking fuels mostly used in the rural India with the clean and more efficient LPG Target - 1.56 crore BPL families Achievement - 1 crore BPL families till date Rural Electrification :- Objective - Rural electrification is the process of bringing electrical power to rural and remote areas. Target - 18,452 villages Achievement - 10,829 villages electrified till date Jan Dhan Yojna Objective - Financial Inclusion to ensure access to financial services, namely Banking Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner. Achievement - 25.51 crore account opened till date Mudra Yojna Objective - (MUDRA) Bank is a new institution being set up by Government of India for development and refinancing activities relating to micro units.The purpose of MUDRA is to provide funding to the non corporate small business sector. Target- 5.75 crore Achievem...

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Modi Government good work

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