Ministers, workers to apprise people of Mudra Bank

Five months after the Prime Minister launched Mudra Bank scheme that aims at “funding the unfunded”, Union ministers and BJP workers will fan out in the country for a week from September 25 to spread awareness and encourage small entrepreneurs to avail low interest loan facility for business.

BJP president Amit Shah met general secretaries and other office-bearers to give a shape to the reach-out exercise for popularising the scheme using the party network ahead of assembly polls. 

For running micro small and medium enterprises (MSMEs), people can apply for low interest loans between Rs 50,000 and Rs 10 lakh from microfinancing firms which in-turn would get funds from Micro Units Development and Refinance Agency Bank (Mudra) which has corpus fund of Rs 20,000 crore.

As the BJP has done in the past to spread out NDA government’s welfare scheme such as Jan Dhan yojna, it has been decided that MPs, MLAs and party leaders would make people aware of this new initiative for the unorganised sector which finds difficulty in raising funds to start their business, general secretary Kailash Vijayvargiya said.
A week from September 25 to October 2 has been dedicated for taking this scheme to people, he stated.

BJP sources said a programme for Union ministers was also being finalised for stationing them in different parts of the country to publicise the scheme and for that Amit Shah will hold another meeting soon.

As per initial list drawn by the party leaders, J P Nadda and Dharmendra Pradhan are expected to be at Chandigarh. Similarly, General V K Singh is likely to go to Assam to flag the scheme among the target client.  

BJP leaders believe pushing P M Mudra yojna will not run into code of conduct that bars government from rolling out any new scheme after the Election Commission announces Bihar poll schedule which is expected in a week. Since, the programme will be held across India and not Bihar alone, it will not invite the ire of the Election Commission, a senior leader explained.