Parimala, a resident of North Chennai, has been running a wholesale medicine business for over a decade. Unable to come up with collateral that would satisfy bankers, she couldn’t raise money to expand her business. Two years ago, however, she got what she wanted: ₹25 lakh as soft loan under the Mudra scheme.
Sivaramasubramanian, a milk vendor of Madurai, was in trouble since his 10 milch cows were getting old and battling disease. Advised by a friend, he got a loan of ₹50,000 through the Sishu scheme of Mudra. With the money, he bought three milch cows and his business picked up. Now, he is in the home stretch of repaying the loan and thinking of applying again.
Chellam, a tailor and saree seller in Salem, relied on self-help groups to get credit. In 2016, she got a bigger loan from Mudra which helped establish her business on a stronger footing.
The above are just three of the millions of beneficiaries in Tamil Nadu, who are thankful to a BJP worker for getting them the Mudra loans. The state BJP has taken up facilitating Mudra loans as among its priorities and has an ongoing coordinated effort towards that.
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plans start from Rs. 99