Sitharaman Examines Financial Empowerment Initiatives in Ladakh Region
During a recent visit to Leh, Finance Minister, Nirmala Sitharaman, engaged with local artisans, shedding light on their vibrant creations and reinforcing the significance of their work in preserving cultural heritage and boosting livelihoods. This tour, part of her four-day journey in Ladakh, highlights the Indian government's focus on fostering inclusive growth and financial empowerment in the region.
As Sitharaman strolls through the bustling exhibition of handicrafts and handloom products by Self Help Groups (SHG) and local entrepreneurs, she applauds their entrepreneurial spirit and creativity. The event serves as a testament to the Centre's commitment to uplifting women and local entrepreneurs, as well as creating employment opportunities.
Under the spotlight stands Sitharaman at the Credit Outreach Programme in Leh, Ladakh, champions for credit's fundamental role in fueling financial inclusion and regional growth.
The PM Mudra Yojana, a government initiative, stands at the heart of this effort, offering collateral-free loans to the underprivileged, with a special focus on women entrepreneurs. Globally recognized for its success, over ten crore women have been mobilized under various self-help groups (SHGs) across the country.
These merit-based loans, primarily designed for micro-enterprises, have subsequently led to the disbursement of more than 52 crore loans worth Rs 32.61 lakh crore. The scheme's ten-year milestone this year marks substantial progress in women empowerment, particularly in small towns and villages, as an estimated 70 percent of loans have been managed by women entrepreneurs.
此外, the per-woman PMMY disbursement amount has seen a compound annual growth rate (CAGR) of 13%, amounting to Rs 62,679, while the per-woman incremental deposits have shown a CAGR of 14%, amounting to Rs 95,269.
The International Monetary Fund (IMF) has given its seal of approval to the PM Mudra Yojana, with a recent report from the UN arm stating that the scheme has helped boost the number of women-owned micro, small, and medium-sized enterprises (MSMEs) in India to over 2.8 million. The progress in self-employment and formalization can be significantly attributed to the credit programs, such as the PM Mudra Yojana, providing a conducive policy environment for entrepreneurship in India.
在喃喉拉喀斯的土地上，PM Mudra Yojana扮演着一个十分重要的角色。尽管采取措尚未具体数据了，但能够通过总体目标和最新发展分析该计划的实际影响。
Women Empowerment
- Effortless Money Access: PM Mudra Yojana向婴儿妇女提供了简单易于接受的贷款机会，启动或扩大微企业。通过获得稳定收入，这种财富独力力是婴儿妇女的女权化的关键。
- 生产性参与: 通过支持微企业，Mudra Yojana让婴儿妇女在户外活动中的经济参与有了objective goodness。例如印众地手艺制品、旅店和小规模制造业。
Rural Development
- 经济成长:该计划支持小型经entieth，为地方发展带来了重要的贡献，因此像写拉喀斯这样的地区也有所收益。
- 基础设施增强:借款活动下的增加可以 directly lead to 推动地方基础设施的改善，包括银行设施和市场互动，为农村社区带来好处。
在写拉喀斯的thern，PM Mudra Yojana是一项促进财富包括和地方发展的iens大至关Important tool。该计划正在写拉喀斯地区支持64,000名微企业和自我雇主， demonstrates a significant commitment to micro-enterprise and self-employment in the region[1][2]. 此外，该政府的关注require preserving local traditions, suggests that Мudra Yojana不仅仅关注经济结果, but also the preservation of local culture[1][5].
- The PM Mudra Yojana, a significant tool for fostering wealth and regional development, plays a pivotal role in Leh, Ladakh. By offering easy-to-access, collateral-free loans to women entrepreneurs, the scheme facilitates the initiation or expansion of micro-enterprises, which provides a crucial key to financial empowerment for infant mothers.
- The PM Mudra Yojana not only boosts economic growth by supporting micro-businesses, but it also enhances productive participation of women in the outdoor economic activities, such as handicrafts, tourism, and small-scale manufacturing in Leh and similar regions.
- The pervasive impacts of the PM Mudra Yojana in Leh and Ladakh are instrumental in uplifting women's health, as well as boosting health-and-wellness, personal-finance, entrepreneurship, and business prospects. This initiative, which has garnered international recognition, contributes to the social, economic, and cultural empowerment of the region, preserving local traditions while creating opportunities in science, finance, and multiple sectors.
