Union Minister Abbas Naqvi inaugurated PM's Mudra Yojana Campaign

Hyderabad, Oct 6: The Union Minister for Minorities Welfare Mukhtar Abbas Naqvi has launched the promotional campaign of Prime Minister's Mudra Yojana on Thursday, an institution set up for development and refinancing activities relating to micro units.

At the function held at Kotla Vijayabhaskara Reddy Stadium, he said the Yojana was started to help provide financial autonomy to small businesses.

Loans to the extent of Rs. 9.13 crore were distributed from 2015.

Finance Minister Eatala Rajender said the Telangana government distributed loans of Rs. 3,700 crore under various welfare programs. He urged the Centre to sanction Rs. 200 crore for setting up minority schools.

The meeting was also addressed by Principal Finance Secretary K. Ramakrishna Rao, convenor of State-level bankers committee U.N. Maya and former Union minister Bandaru Dattatreya.