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PM Modi highlights MUDRA, Start-Up India among others at the opening session of the G-20 summit

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BUENOS AIRES: At the opening session of the G-20 summit in Buenos Aires on Friday, Prime Minister Narendra Modi highlighted the NDA government’s flagship scheme and programmes at the summit. These programmes were Pradhan Mantri Jan Dhan Yojna, MUDRA, and Start-up India. PM Modi informed that the programmes were initiated by the government in India to modernise the economy and promote inclusive growth of the country. Prime Minister Narendra Modi arrived in the Argentinian capital Buenos Aires to participate in the 13th G-20 summit, which is a grouping of the world’s 20 major economies.

The two-day summit in Argentina was organized by Argentine President Mauricio Macri and the summit was attended by several world leaders including US President Donald Trump, Russian President Vladimir Putin, British premier Theresa May and Japanese Prime Minister Shinzo Abe.

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The theme of the 13th G-20 summit is – Building Consensus for a Fair and Sustainable Development. The first session of the summit is titled as ‘Putting People First’ and PM Modi made a lead intervention in the session.

“PM Narendra Modi made an intervention at the 1st session of G20 Argentina on Global Economy, Future of Work and Women’s Empowerment. Highlighted flagship programs were undertaken to modernise economy & promote inclusive growth JanDhanYojana MUDRA StartupIndia,” External Affairs Ministry Spokesperson Raveesh Kumar said on micro-blogging site Twitter.

At the G20 summit, PM Modi talked about Pradhan Mantri Jan Dhan Yojana (PMJDY) and conveyed that it is a financial inclusion programme that has been designed in such a way that aims at expanding and making affordable access to financial services to the last man in the row.

Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched on August 15, 2014, and until June 27, 2018 Rs. 7,92,00 crore were deposited under the scheme in more than 31 crore bank accounts that were opened during this period.

On the other hand, MUDRA is basically a financial institution which was set up in 2016 and is abbreviated as Micro Units Development and Refinance Agency. MUDRA was launched in order to develop and refinance micro units enterprises. The agency through financial institutions like banks, non-banking financial companies (NBFCs) and Micro Finance Institutions (MFIs) provides funding to the non-corporate small business sector.

Last but not least, the Startup India is an initiative of the Modi government that was launched on January 16, 2016, to promote startups, generate employment and create wealth.

 

 

 

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