CM Yogi Adityanath: The PM Mudra Yojana is giving fresh momentum to entrepreneurship in Uttar Pradesh, with youth and women increasingly stepping into self-employment through access to collateral-free loans. Districts such as Gorakhpur have emerged as key beneficiaries of the scheme, reflecting its growing impact at the grassroots level.
PM Mudra Yojana Boosts Entrepreneurship Across Uttar Pradesh
According to official data, around 1.25 lakh beneficiaries in Gorakhpur alone were sanctioned Mudra loans worth ₹1,349 crore in the past year. The scheme has enabled aspiring entrepreneurs to access loans of up to ₹20 lakh without any guarantee, making it easier for small business owners to start or expand their ventures.
CM Yogi Adityanath government has been actively promoting the PM Mudra Yojana
Officials noted a significant rise in the number of borrowers availing loans between ₹50,000 and ₹5 lakh, indicating increased participation from micro-entrepreneurs such as shop owners, street vendors, tailors, and service providers. This category has played a key role in strengthening local markets and generating employment at the community level.
At the same time, a growing number of young entrepreneurs are opting for higher loan brackets of ₹10–20 lakh to establish manufacturing units, service enterprises, and technology-based startups. This trend highlights increasing confidence among the youth to scale up businesses and contribute to long-term economic activity.
State officials said the scheme has also reduced dependency on informal moneylenders, ensuring easier access to institutional credit for first-time borrowers. Timely disbursal and simplified procedures have helped beneficiaries stabilise income and reinvest in their businesses.
Under the leadership of Chief Minister Yogi Adityanath, the Uttar Pradesh government has been actively promoting the PM Mudra Yojana as a tool for employment generation, financial inclusion, and self-reliance, especially among youth and women.
The continued expansion of Mudra loans is expected to support MSME growth, improve household incomes, and strengthen the state’s local economy, particularly in Tier-2 and Tier-3 cities like Gorakhpur.
