Tiruvallur, Tamil Nadu: Satish, a furniture shop owner in Avadi, Tamil Nadu, credits the Pradhan Mantri Mudra Yojana (PMMY) scheme for his business growth. Launched in 2015 by the Central Government, PMMY offers loans to small and micro-enterprises under three categories: Shishu, Kishore, and Tarun. Struggling to expand due to financial constraints and unable to secure bank loans, Satish turned to PMMY. He started with a ₹50,000 loan, later increased to ₹1 lakh, and now has a ₹2 lakh loan. Grateful for the scheme’s low-interest support, Satish encourages other small business owners to benefit from it, showcasing PMMY’s role in fostering entrepreneurship.
#PMMY #MudraYojana #Entrepreneurship #SmallBusiness #Avadi #TamilNadu
#PMMY #MudraYojana #Entrepreneurship #SmallBusiness #Avadi #TamilNadu
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NewsTranscript
00:30My name is Sathish. I have a bed shop in Avadi.
00:35I have been running a bed shop for a long time.
00:37I wanted to go to the next level.
00:39I tried to get a loan from outside.
00:43But I couldn't get it anywhere.
00:45After that, I went to the bank.
00:47In the bank, the central government is giving loans to small businesses.
00:56We are small businesses.
00:58To go to the next level, that loan was very useful to us.
01:02Why was it useful?
01:04It was a reduced interest.
01:06When we get interest from outside,
01:08our profit goes to that interest.
01:10In the bank, when the interest was low,
01:14it was very useful to us.
01:16Secondly, I used to run a bed shop.
01:20Now, to turn it into a furniture shop,
01:22that Munthural loan was very useful.
01:24To small businesses like me,
01:26this Munthural loan is very useful.
01:28To small businesses like me,
01:30this Munthural loan is very useful.
01:32To small businesses like me,
01:34this Munthural loan is very useful.
01:36First, I got a loan of Rs. 50,000.
01:38After paying the loan,
01:40the bank gave me Rs. 1 lakh.
01:42After paying the loan,
01:44the bank gave me Rs. 2 lakhs.
01:46With that Rs. 2 lakhs,
01:48I used to run a bed shop.
01:50Now, I am running a furniture shop.
01:52Thank you to the Central Government
01:54for implementing this plan.