Prime Minister Narendra Modi, on the third anniversary of Mudra Yojana, asked people to share their success stories on social media, while adding that he would also “interact beneficiaries of scheme” at his residence.

On Sunday, PM Narendra Modi in a series of tweets said, “On this day, three years ago the Mudra Yojana was launched to give wings to the aspirations of our citizens and harness the entrepreneurial energy among our youth. Three years on, I am delighted to see how Mudra Yojana has brought prosperity in the lives of many”.

On this day, three years ago the Mudra Yojana was launched to give wings to the aspirations of our citizens and harness the entrepreneurial energy among our youth. Three years on, I am delighted to see how Mudra Yojana has brought prosperity in the lives of many.

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— Narendra Modi (@narendramodi) April 8, 2018

Dear friends on social media, do share with me success stories of Mudra Yojana that you know about. I would love to meet some of the friends from the world of social media who share these stories!

— Narendra Modi (@narendramodi) April 8, 2018

“The Mudra Yojana is furthering a spirit of enterprise and self-reliance among the youth and women of India. A substantial number of Mudra beneficiaries are women and youngsters from the SC, ST and OBC communities, which is extremely heartening”, PM Modi said in a tweet.

The Mudra Yojana is furthering a spirit of enterprise and self-reliance among the youth and women of India. A substantial number of Mudra beneficiaries are women and youngsters from the SC, ST and OBC communities, which is extremely heartening.

— Narendra Modi (@narendramodi) April 8, 2018

Talking about a special programme scheduled on 11 April, PM Modi said: “I will be interacting with beneficiaries of the Mudra Yojana at my residence. It would be wonderful to speak to them and personally hear about their journeys”.

On 11th April, I look forward to a special programme! I will be interacting with beneficiaries of the Mudra Yojana at my residence. It would be wonderful to speak to them and personally hear about their journeys.

— Narendra Modi (@narendramodi) April 8, 2018

The Pradhan Mantri MUDRA Yojana (PMMY) was launched on April 8, 2015, for providing loans upto 10 lakh to the non-corporate, non-farm small/micro enterprises.

PMMY is a flagship scheme of Government of India to “fund the unfunded” by bringing such enterprises to the formal financial system and extending affordable credit to them.

These loans are classified as MUDRA loans under PMMY. These loans are given by commercial banks, RRBs, small finance banks, cooperative banks, MFIs and NBFCs.

The borrower can approach any of the lending institutions mentioned above or can apply online through this portal.

Under the aegis of PMMY, MUDRA has created three products namely ‘Shishu’, ‘Kishore’ and ‘Tarun’ to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth.