Railway Minister Piyush Goyal will launch from Prime Minister Narendra Modi's constituency Varanasi a series of Mudra Promotion Camps on Wednesday with a view to promote self employment.
The finance ministry plans to organise as many as 50 Mudra camps across the country, including one each in state capitals by October 17, according to official sources.
After inauguration at Varanasi, similar Mudra Promotion Camps will be organised at Gandhinagar, Dehradun and Guwahati on the occasion of Gandhi Jayanti on October 2, they said.
Many of these camps will be inaugurated by Union ministers and chief ministers of respective states.
Sports Minister Rajyavardhan Singh Rathore is coordinating participation by Union ministers in these Mudra promotion campaign, the sources said.
The campaign will help promote not only Mudra loans but spread awareness about digital payment method, financial inclusion and social security schemes, they added.
It is to be noted that banks have sanctioned Rs 74,601 crore to 1.59 crore beneficiaries across the country since April this year.
Since the launch of Mudra Yojana by Prime Minister Narendra Modi in April 2015, banks have disbursed Rs 3.66 lakh crore to 8.77 crore beneficiaries.
These camps will see participation from all the banks, SIDBI and Common Service Centres.
Insurance companies will also set up stalls at the camp to motivate citizens to enrol in social security insurance schemes -- Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY).
The big draw of these camps are going to be Aadhaar seeding and authentication, assisting visitors to download and use the BHIM app on individual mobiles and distribution and activation of RuPay cards.
The Unique Identification Authority of India (UIDAI) will put up a stall at the Mudra Promotion Campaign for awareness and facilitation of Aadhaar enrolment and updation of Aadhaar details for the visitors. NPCI (National Payments Corporation of India) will put up a stall for awareness and facilitation of digital transactions for the visitors.
In addition, each branch of PSU banks will organise a small Mudra Awareness Camp in October.
Under the Mudra Yojana, a loan of up to Rs 50,000 is given under 'Shishu' plan, between Rs 50,000 to 5 lakh under 'Kishore', and between 5 lakh to 10 lakh under 'Tarun'.
Shishu, Kishor and Tarun signify the stage of growth and funding needs of the beneficiary micro unit or entrepreneur.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)