Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Thursday, 22 August 2024

Record surge

 

Mudra loans see record surge, top 5-lakh-cr mark in FY24

 

Extract:

 

The Mudra loans have witnessed a significant surge, crossing the 5-lakh-crore mark in the financial year 2024. The latest data indicates a remarkable increase in the disbursement of Mudra loans by over 10% in a year.

 

This surge in Mudra loans signifies a positive trend in financial inclusion and entrepreneurship support, especially for individuals seeking to start or expand their businesses.

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My Take:

 

BMC Says Hafta System Must Continue…….23/10/2023

 

"In my previous blog regarding the continuation of the Hafta system, I highlighted the importance of sustaining existing financial mechanisms to support small businesses and vendors.

 

The recent surge in Mudra loans to over 5 lakh crores reaffirms the necessity of such financial programs. These loans not only spur economic growth but also empower individuals to pursue their entrepreneurial dreams."

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Something is Better Than Nothing…….21/09/2019

 

"Reflecting on the Mudra loan data from 2019, where only one in five beneficiaries availed the loan for starting a new business, while others used it for expanding existing ventures, it's evident that incremental steps in entrepreneurship have substantial impacts.

 

The current growth in Mudra loans exceeding 5 lakh crores underscores the role of such schemes in fostering business expansion and job creation."

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Call to Action:

 

To the authorities overseeing the Mudra loan scheme, I urge for continued support and enhancement of such initiatives to further boost economic empowerment and job creation.

 

It is essential to maintain the momentum of disbursing loans to individuals with entrepreneurial aspirations and ensure that the allocation aligns with the diverse needs of the business community.

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With regards, 

 

Hemen Parekh

 

www.My-Teacher.in

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