Entrepreneurs provided with loans through PM-SURAJ, Pg8

Key Highlights:

• ₹1,389.61 crore in loans were provided to entrepreneurs via the PM-SURAJ portal in fiscal year 2024-25.
• The loans disbursed exceeded the initial target of benefiting one lakh entrepreneurs, reaching 1.39 lakh individuals.

Detailed Insights:

• The PM-SURAJ aims to support marginalized communities by facilitating credit access and promoting entrepreneurship.
• This initiative contributes to financial inclusion and economic empowerment, particularly for individuals from disadvantaged backgrounds.
• The scheme aligns with broader government objectives of fostering self-employment and reducing dependence on traditional wage labor.

Key Concepts Involved:

• Entrepreneurship: The activity of setting up a business or businesses, taking on financial risks in the hope of profit.
• Financial Inclusion: Access to a range of financial services, including credit, for all individuals and businesses.
• Economic Empowerment: Enabling individuals to control their own economic destinies through access to resources and opportunities.