Source: Hong Kong Government special administrative region
Following are the remarks by the Chief Executive, Mr John Lee, at a media session before the Executive Council meeting today (April 8):
Reporter: Chief Executive, two questions. Are there any concrete measures the Government would do to help local businesses affected by tariff and, in your perception, how would the tariff attack Hong Kong’s unemployment rate? And the second question is on the Panama deal, how should local companies respond to Beijing’s criticism, and would the antitrust probe and the possible failed deal affect people’s perception that companies in Hong Kong must ultimately answer to Beijing?
Chief Executive: Last week, the US announced the imposition of so-called reciprocal tariff on trading partners around the world, including an additional 34 per cent tariff on Hong Kong products. Together with the 20 per cent tariff announced earlier, the total tariff imposed on Hong Kong products is up to 54 per cent. The US no longer adheres to free trade, arbitrarily undermining the internationally established rules of world trade. Its ruthless behaviour damages global and multilateral trade. The reckless imposition of tariff affects many countries and regions around the world with huge tax rate increases covering a wide range of goods, disrupting the world economic and trade order, and bringing great risks and uncertainties to the world. In response to the US’s imposition of tariff, the Government will strengthen its strategy in seven areas.
First, we shall fully seize the opportunities in our country, China’s development, and actively integrate into national development. China is the world’s second-largest economy and second-largest consumer goods market, with a domestic market of 1.4 billion people. Hong Kong will take full advantage of CEPA (Mainland and Hong Kong Closer Economic Partnership Arrangement) to attract more foreign companies to set up operations to capitalise on the benefits of “one country, two systems”. As of the end of last year, the accumulated tariff concessions on goods under CEPA exceeded RMB10.2 billion.
Second, we shall strengthen international exchanges and deepen regional ties and co-operation. We shall sign more free trade agreements (FTAs) with countries and economies. Today, Hong Kong’s FTAs already cover 21 economies. We are currently negotiating investment agreements with Saudi Arabia, Bangladesh, Egypt and Peru. We will continue to push for Hong Kong’s early accession to the RCEP (Regional Comprehensive Economic Partnership) to deepen regional co-operation. We are already planning to establish economic and trade offices in Malaysia and Saudi Arabia. Additionally, Invest Hong Kong and the Hong Kong Trade Development Council have set up offices in Cairo, Egypt; Izmir, Türkiye; and Cambodia to proactively expand Hong Kong’s global trade and economic network.
Third, Hong Kong will accelerate industrial transformation by developing a high value-added, innovation-driven economic model. We will expedite the establishment of a high value-added supply chain service hub and promote the growth of a headquarters economy.
Fourth, we will intensify efforts to develop technological innovation, attract top-tier talent, and further strengthen Hong Kong’s competitiveness. We will focus efforts on establishing Hong Kong as a technological and Innovation hub, accelerating development of the Hetao (Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone) and San Tin Technopole, and continuing to attract top-tier talent and enterprises, particularly key strategic companies.
Fifth, we will vigorously advance international financial co-operation to attract investments and capital. I, along with government officials, have conducted multiple visits to emerging markets to forge new partnerships. Notably, we engaged with ASEAN (Association of Southeast Asian Nations) and Middle East countries to establish mutual recognition with their stock exchanges.
Sixth, we will seize the world’s major trend of geographical diversification, proactively attracting foreign companies and capital to establish in Hong Kong, because Hong Kong can provide security and stability to investors and enterprises under “one country, two systems”.
Seventh, we will continue to provide various support to help Hong Kong enterprises to cope with the impact of tariff and external challenges, including capital flow assistance, export credit insurance measures, supporting Hong Kong enterprises in brand development, upgrading and exploring new markets through the BUD special fund (Dedicated Fund on Branding, Upgrading and Domestic Sales), etc.
In respect to your question about Hutchison’s deal to sell some ports, I have earlier made three points, and they remain valid, clear and explicit. I will repeat them. First, there have been extensive discussions in society about the issue, and this reflects society’s concern over the matter. These concerns deserve serious attention. Second, the Hong Kong Special Administrative Region Government urges foreign governments to provide a fair and just environment for enterprises, including enterprises from Hong Kong. We oppose the abusive use of coercion or bullying tactics in international economic and trade relations. Third, any transaction must comply with legal and regulatory requirements. Hong Kong will handle it in accordance with the law and regulations. I have noted that the State Administration for Market Regulation of the PRC (People’s Republic of China) has noticed the deal, and will review it in accordance with the law to ensure fair market competition and protect public interest.
(Please also refer to the Chinese portion of the remarks.)
Pradhan Mantri Mudra Yojana (PMMY) — completes 10 glorious Years of empowering Small and Micro Entrepreneurs Launched with Prime Minister’s vision of “Funding the Unfunded”, PMMY extends collateral-free loans to small enterprises that face significant challenges in accessing formal institutional credit: Union Finance Minister Smt. Nirmala Sitharaman
PMMY is one of the most significant initiatives not only in India but also globally, aimed at promoting entrepreneurship: MoS Sh. Pankaj Chaudhary
PMMY provides easy collateral-free loans up to ₹20 lakh for non-corporate and non-farm income-generating activities
PMMY extended over ₹33.65 lakh crore through 52.37 crore loans, instilling a new sense of confidence among borrowers
Posted On: 08 APR 2025 11:27AM by PIB Delhi
The Pradhan Mantri MUDRA Yojana (PMMY), launched on 8th April 2015 by Prime Minister Shri Narendra Modi, celebrates 10 glorious years of empowering small and micro-entrepreneurs across India. Aimed at fostering financial inclusion, PMMY provides easy collateral-free loans up to ₹10 lakh for non-corporate and non-farm income-generating activities. To strengthen support for aspiring entrepreneurs, the Finance Minister announced an increase in the loan limit to ₹20 lakh during the Union Budget 2024-25 on July 23, 2024. This new limit took effect on October 24, 2024.These loans are extended through Banks, NBFCs, MFIs, and other financial institutions.
The newly announced loan category, Tarun Plus, is designed specifically for those who have previously availed and successfully repaid loans under the Tarun category, allowing them to access funding between ₹10 lakh and ₹20 lakh. Additionally, the Credit Guarantee Fund for Micro Units (CGFMU) will now provide guarantee coverage for these enhanced loans, further reinforcing the government’s commitment to nurturing a robust entrepreneurial ecosystem in India.
Micro, Small, and Medium Enterprises (MSMEs) play a vital role as ancillary units, complementing large industries and significantly contributing to the country’s inclusive industrial growth. These enterprises are continually expanding their presence across various sectors of the economy, offering a diverse array of products and services to meet both domestic and international market demands.
The availability of credit for MSMEs has seen consistent growth, driven by advancements in technology and data-driven lending practices. A notable government initiative supporting MSMEs’ access to credit is the Pradhan Mantri MUDRA Yojana, aptly described as a scheme dedicated to “Funding the Unfunded”.
On the occasion of the 10th successful year of PMMY, Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman said, “The Pradhan Mantri MUDRA Yojana (PMMY) was launched by Prime Minister Shri Narendra Modi, with the mission of empowering hardworking micro-enterprises and first-generation entrepreneurs. Guided by the Prime Minister’s vision of “Funding the Unfunded”, the scheme extended collateral-free loans to bridge the gap in timely and affordable financing for small enterprises that faced significant challenges in accessing formal institutional credit.”
Highlighting PMMY’s role in Empowering Millions and Fulfilling the Vision of Inclusive Growth, Union Minister of Finance remarked, “With over Rs.33.65 lakh crore sanctioned to more than 52 crore MUDRA loan accounts, the scheme has proved to be an important milestone in giving wings to the aspirations of crores of entrepreneurs, particularly those belonging to marginal sections of society.
Since 2015, Rs.11.58 lakh crores worth of MUDRA loans have been sanctioned to various marginalised communities belonging to Scheduled Castes, Scheduled Tribes and OBCs realising PM’s mantra of ‘Sabka Saath, Sabka Vikas, Sabka Vishwas and Sabka Prayaas’”
Union Finance Minister Smt. Nirmala Sitharaman lauded the scheme’s impact with MUDRA: Fueling Women’s Entrepreneurship and Economic Growth, stating, “It is heartening to note that nearly 68% of the total MUDRA loan accounts have been sanctioned to women, becoming a tool for empowerment and enabling women to national economic growth, and inspire the next generation of female entrepreneurs.
In line with the Budget 2024-25 announcement, the introduction of the Tarun-Plus category last year, with an increased loan limit of ₹20 lakh, will further help thriving entrepreneurs expand and unlock their full potential.”
On the occasion, Union Minister of State (MoS) for FinanceShri Pankaj Chaudhary said,“The Pradhan Mantri MUDRA Yojana (PMMY) is one of the most significant initiatives not only in India but also globally, aimed at promoting entrepreneurship. Financial inclusion is one of the top priorities of the government, as it plays a vital role in achieving inclusive growth. PMMY provides a platform for small entrepreneurs to access loan support from banks, NBFCs, and MFIs.”
“While launching the scheme, Prime Minister stated that supporting India’s small entrepreneurs is one of the most effective ways to help the Indian economy grow and prosper. The scheme has provided crucial financial assistance to a vast number of entrepreneurs, helping them set up and operate their businesses and instilling a sense of financial security in them.
It has created self-employment opportunities across the country, especially for marginalized sections of society, including Scheduled Castes/Scheduled Tribes, Other Backward Classes (50% of loan beneficiaries), and women (68% of loan beneficiaries).” MoS added
Stressing on Mudra’s impact MoS said ” The core objective of the MUDRA Yojana is “Funding the Unfunded.” The scheme has successfully ended the exploitation of India’s small entrepreneurs by informal lenders. In less than a decade, it has extended over ₹33.65 lakh crore through 52.37 crore loans, instilling a new sense of confidence among borrowers. This clearly reflects the government’s firm commitment to support their efforts and its accelerated journey toward making India a developed nation by 2047 through inclusive growth enabled by financial inclusion.”
As we celebrate completion of glorious 10 years of providing financial inclusion through the pillars of Pradhan Mantri MUDRA Yojana (PMMY), let us glance through some of the major features and achievements of the Scheme:
The implementation of financial inclusion programme in the country is based on three pillars, namely,
1. Banking the Unbanked
2. Securing the Unsecured and
3. Funding the Unfunded
These aforesaid three objectives are being achieved through leveraging technology and adopting multi-stakeholders’ collaborative approach, while serving the unserved and underserved as well.
One of the three pillars of FI – Funding the Unfunded, is reflected in the Financial Inclusion ecosystem through PMMY, which is being implemented with the objective to provide collateral free access to credit for small/ micro entrepreneurs.
Key Features of PMMY:
MUDRA loans now will be offered in four categories namely, ‘Shishu’, ‘Kishor’, ‘Tarun’ and newly added category ‘Tarun Plus’ which signifies the stage of growth or development and funding needs of the borrowers: –
Shishu: covering loans upto Rs. 50,000/-
Kishor: covering loans above Rs. 50,000/- and up to Rs. 5 lakhs
Tarun: covering loans above Rs. 5 lakh and up to Rs. 10 lakhs
Tarun Plus: Rs. 10 lakh and up to Rs. 20 lakhs
Loans cover term financing and working capital needs across manufacturing, trading and service sectors, including activities allied to agriculturelike poultry, dairy, and beekeeping, etc.
The interest rate is governed by RBI guidelines, with flexible repayment terms for working capital facilities.
Achievements under Pradhan Mantri Mudra Yojana (PMMY) as on 21.03.2025
Women Borrowers: A total of ₹ 8.49 lakh crore was disbursed under the Shishu category, ₹ 4.90 lakh crore under Kishor, and ₹ 0.85 lakh crore under the Tarun category.
Minority Borrowers: The disbursements amounted to ₹ 1.25 lakh crore under Shishu, ₹ 1.32 lakh crore under Kishor, and ₹ 0.50 lakh crore under Tarun.
New Entrepreneurs / Accounts:
Shishu category: 8.21 crore accounts with a sanctioned amount of ₹ 2.24 lakh crore and disbursed amount of ₹ 2.20 lakh crore.
Kishor category: 2.05 crore accounts with ₹ 4.09 lakh crore sanctioned and ₹ 3.89 lakh crore disbursed.
Tarun category: 45 lakh accounts with a sanctioned amount of ₹ 3.96 lakh crore and ₹ 3.83 lakh crore disbursed.
Category-wise breakup:- (Number of loans and amount sanctioned)
Category
Percentage as per No. of Loans
Percentage as per Amount Sanctioned
Shishu
78%
35%
Kishor
20%
40%
Tarun
2%
25%
Tarun Plus
0%
0%
Total
100%
100%
Targets have been achieved since the inception of the Scheme, except for FY 2020-21 due to COVID-19 pandemic.
Year-wise sanction amount is as under:-
Financial Year
No. of Loans Sanctioned
(in Crore)
Amount Sanctioned
(Rs. in Lakh Crore)
2015-16
3.49
1.37
2016-17
3.97
1.80
2017-18
4.81
2.54
2018-19
5.98
3.22
2019-20
6.23
3.37
2020-21
5.07
3.22
2021-22
5.38
3.39
2022-23
6.24
4.56
2023-24
6.67
5.41
2024-25
(as on 21.03.2025) *
4.53
4.77
Total
52.37
33.65
Special Initiatives:
A Credit Guarantee Fund for Micro Units (CGFMU) was established in 2016 to secure loans under PMMY.
An Interest Subvention of 2% was provided on Shishu loans during FY 2020-21 under Aatma Nirbhar Bharat Abhiyan, reducing the cost of credit for eligible borrowers.
As India celebrates 10 glorious years of PMMY, it reaffirms the government’s commitment to “Banking the Unbanked,” “Securing the Unsecured,” and “Funding the Unfunded,” fostering financial inclusion and supporting entrepreneurial dreams.
#10YearsofMudra A Decade of Empowering Dreams! From ₹1.37 Lakh Cr (2015-16) to ₹33.65 Lakh Cr (2024-25) —2322% growth in loans sanctioned to entrepreneurs. India rises, one dream at a time pic.twitter.com/NccNnn7oTC
Celebrating the glorious years of Pradhan Mantri Mudra Yojana! With 70% of loans going to women, and a 160% rise in the average loan amount—from ₹24,746 in 2015-16 to ₹64,537 in 2024-25—PMMY is truly preparing Sashakt Naari for a Svarnim Bhavishya #10YearsofMudrapic.twitter.com/SrwBwlmO7K
Empowering Businesses Across India! Collateral-free Mudra loans support manufacturing, services, trading, and agri-allied sectors. Over 52 Cr loans worth ₹33+ Lakh Cr sanctioned—70% to womenpreneurs, 50% to SC/ST/OBC, and 31% to new entrepreneurs. #10YearsofMudrapic.twitter.com/U2WaiOpXMj
Celebrating the glorious years of #PMMY—empowering entrepreneurs with collateral-free loans under four categories: Shishu (up to ₹50K), Kishor (₹50K–₹5L), Tarun (₹5L–₹10L), and Tarun Plus (₹10L–₹20L) for those who’ve successfully repaid Tarun #10YearsofMudrapic.twitter.com/Ic31SanRA2
The Prime Minister, Shri Narendra Modi today highlighted MUDRA Yojana’s pivotal impact in an interview with Economic Times. In an interview with ET, Shri Modi spoke in detail about the path-breaking impact of the Pradhan Mantri MUDRA Yojana (PMMY).
In a post on X, the Prime Minister said;
“Sharing my interview with Economic Times, where I elaborate on the life changing ability of Mudra Yojana and why it remains an important scheme in our quest for dignity and empowerment. #10YearsOfMUDRA.”
Sharing my interview with Economic Times, where I elaborate on the life changing ability of Mudra Yojana and why it remains an important scheme in our quest for dignity and empowerment. #10YearsOfMUDRA.https://t.co/W4ercecYsj
Source: Hong Kong Government special administrative region
New batch of declarations for “Well-off Tenants Policies” and “Occupancy Status” commences The Hong Kong Housing Authority (HA) has distributed the “Well-off Tenants Policies” (WTP) declaration forms and “Declaration Form on Occupancy Status” to approximately 210 000 public rental housing (PRH) tenants involved in the new batch of declaration cycle of WTP. A spokesman for the HA today (April 8) reminded the relevant tenants that they must return the completed forms to the Housing Department (HD) by May 31 this year.
Both declaration forms were delivered into the letter boxes of the tenants concerned on April 1. Tenants are required to declare their income, assets, and any domestic property ownership in Hong Kong in the WTP declaration forms, as well as confirm their regular and continuous residence in the PRH flats and report any left vacant or unauthorised use of the PRH flats in the “Occupancy Status” declaration forms.
The spokesman reminded tenants and their family members that they must truthfully make declarations. Those who knowingly made false declarations may be prosecuted. Tenants should note the following key points:
(i) Tenants who refuse to declare will have their tenancies terminated; (ii) Tenants must declare honestly to the HA their occupancy status, income, assets, and any domestic property ownership in Hong Kong; including any household members who have signed purchase agreements (including preliminary agreements) or acquired any domestic properties (including uncompleted flats), along with the expected date of assignment and completion of transactions; (iii) PRH households whose tenancies are terminated due to abuse of PRH resources and breaches of the tenancy agreement, such as abandoning or subletting the units or using the units for illegal use, will be ineligible to apply for PRH for five years; (iv) For households whose tenancies are terminated under the WTP due to ineligibility for continuous renting of PRH flats, the member(s) who have made false declarations will be subject to a five-year debarment from applying for PRH and are liable to prosecution;
Under the prevailing WTP, PRH tenants who have resided for 10 years are required to declare their income, assets and property ownership in Hong Kong every two years. Except for the aforesaid tenants, other tenants will receive declaration forms in later batches and do not need to worry.Issued at HKT 17:00
Source: Hong Kong Government special administrative region
LCSD’s “Hong Kong Artists” Series to present cross-genre arts performance “Soundscape Impressions” in May The first half of the programme opens with Debussy’s “Sonata in G minor, L. 140” and Saint-Saëns’s “Suite for Cello and Piano, Op.16”, paired with the paintings of small animals and natural scenery of the four seasons respectively to highlight the resonance between music and painting. It is followed by Ravel’s piano four-hand work “‘Ma Mère l’Oye’ (The Mother Goose) Suite”, inviting audiences into a whimsical fairytale world through the interplay of melodies and painting images. The second half features Ravel’s “Piano Trio in A minor” accompanied by paintings depicting the Hong Kong cityscape, which further explores the boundless possibilities of cross-genre artistic inspiration. This fusion also allows audiences to appreciate and interpret classical music and paintings from multiple perspectives.
Lee is currently the Honorary Artist-in-Residence of the Education University of Hong Kong and a tutor at the Hong Kong Academy for Performing Arts (HKAPA) and the Hong Kong Baptist University (HKBU). Lee has performed worldwide in solo recitals and with numerous renowned orchestras, such as Warsaw Philharmonic Orchestra, China Philharmonic Orchestra, the Israel Philharmonic Orchestra and Hong Kong Philharmonic Orchestra, among others. She has appeared in major festivals, including the Duszniki Festival Poland, Musicus Fest in Espoo, Finland and Shanghai New Music Week.
Fu currently engages in painting and art education. He is a tutor in watercolour painting courses at the School of Continuing and Professional Studies of the Chinese University of Hong Kong. His works centre on everyday scenes of life and people and have been exhibited in more than 20 countries in Europe, America and Asia. He has also received numerous awards, including the Honorable Mention Award in the 2nd International Watercolor Society India Biennale in 2017, the Special Prize in the Poland International Watercolor Competition in 2019 and the Silver Award at the third Asia Pacific Art Biennial Exhibition the following year.
Chan is a violinist sought after as a soloist and chamber player around the globe. He is a two-time Sylva Gelber Music Foundation Award recipient in Canada. In 2023, Chan won the Musicus Society’s Young Artist Audition and was selected to join the roster of Musicus Soloists Hong Kong.
Poon now serves as the Artistic Director of the Hong Kong International Cello Association and teaches at the HKAPA and the HKBU. Poon’s performance engagements with various organisations have taken her to China, Thailand, Japan, Italy, France, Spain, and more, in addition to her regular concert appearances in Hong Kong.
Young pianist Wong has given solo recitals in the United States, Europe and Asia and has performed at venues, such as the National Concert Hall in Dublin and Carnegie Hall in New York. She is a prize winner in the 2022 Steinway Förderpreis Münster and gained first prizes in the Karlovac International Piano Competition, the Valletta International Piano Competition, and more.
Department of Financial Services (DFS) has notified amalgamation of 26 Regional Rural banks (RRBs) on the principles of “One State One RRB”. This is fourth phase of amalgamation of RRBs.
Considering the improvement in efficiency of the RRBs due to amalgamations in the past, Ministry of Finance had rolled out an amalgamation plan in November-2024 for consultation with stakeholders. After consultation with stakeholders, amalgamation of 26 RRBs in 10 States and 1 UT have been carried out with primary focus on improvement in scale efficiency and cost rationalization.
At present, 43 RRBs are functioning in 26 States and 2 UTs. Post amalgamation, there will be 28 RRBs in 26 states and 2 UTs with more than 22000 branches covering 700 districts. Their predominant area of operation is in rural areas with approx. 92% of branches in rural/semi urban areas.
This is fourth phase of amalgamation. In previous 3 phases viz. Phase-I (FY 2006 to FY 2010) number of RRBs were reduced from 196 to 82, Phase-2 (FY 2013 – FY 2015) number of RRBs were reduced from 82 to 56 and Phase-3 (FY 2019 to FY 2021) number of RRBs were reduced from 56 to 43.
PRESIDENT RECEIVES ‘CITY KEY OF HONOUR’ OF LISBON ATTENDS BANQUET HOSTED IN HER HONOUR BY THE PRESIDENT OF PORTUGAL
WE CONSIDER PORTUGAL AS OUR PARTNER IN HARNESSING INDIA’S STRENGTHS AS A KNOWLEDGE-BASED ECONOMY: PRESIDENT MURMU
Posted On: 08 APR 2025 11:44AM by PIB Delhi
The President of India, Smt Droupadi Murmu received the ‘City Key of Honour’ of Lisbon City from the Mayor of Lisbon at a function held at the City Hall of Lisbon, Portugal yesterday (April 7, 2025).
Speaking on the occasion, the President thanked the Mayor and the people of Lisbon for the gesture. She said that Lisbon is known for its open-mindedness, the warmth of its people and its culture, along with tolerance and respect for diversity. She was happy to note that Lisbon is a global city that is at the forefront of technological change, innovation, digital public infrastructure and digital transition. She said that in these areas India and Portugal could further cooperate.
Yesterday evening (April 7, 2025), the President attended a banquet hosted in her honour by the President of the Republic of Portugal, H.E. Mr Marcelo Rebelo de Sousa at Palacio da Ajuda.
In her banquet remarks, the President said that the cultural ties between our peoples span centuries, and these ties have left an indelible mark on our collective imagination. These include our shared past which is reflected in architecture, historical sites and languages, as well as our cuisines.
The President said that this year holds special significance as we celebrate 50 years of India-Portugal bilateral relations. With our natural synergy and potential for cooperation in diverse fields, our historic ties are firmly on their way to becoming a dynamic and visionary partnership. She was happy to note the steady and progressive growth in India-Portugal cooperation in various fields, including science and technology, defence, IT, start-ups, research, educational and cultural cooperation.
The President said that as a knowledge-based economy, India is harnessing its strengths in areas such as science and technology, information and communication technology, digital public infrastructure, start-ups and innovation to create an inclusive and sustainable development model that benefits all. She stated that India considers Portugal as its partner in these efforts.
The President appreciated Portugal’s role in promoting India’s relations with the European Union. She highlighted that it was during Portugal’s Presidency of the European Union that the first India-EU Summit was held in 2000, and in May 2021, once again under the Portuguese Presidency, the historic “India-EU Plus 27” Leadership Summit took place in Portugal.
The President expressed confidence that India-Portugal bilateral relations will become even closer and broader in the times to come and it will be beneficial not only for our people but for the entire world.
DDWS joins hands with Ministry of Women and Child Development for Poshan Pakhwada 2025, promoting “Shuddh Jal aur Swachhta Se SwasthBachpan” campaign 7th edition of Poshan Pakhwada from 8th to 23rd April 2025 “Purn Poshan Ki Shuruwaat, Shuddh Jal aur Swachhta Ke Saath” will be the campaign tagline
The campaign focusing on clean water practices and sanitation as crucial elements for a child’s nutrition and overall health
Extensive awareness generation sessions and sensitisation activities to be carried out by States/ UTs
Posted On: 08 APR 2025 2:57PM by PIB Delhi
Department of Drinking Water and Sanitation (DDWS) under Ministry of Jal Shakti, is actively participating in the 7thedition of Poshan Pakhwada from 8thto 23rdApril 2025. Aligning with the Ministry of Women and Child Development’s Saksham Anganwadi scheme, the department’s campaign is themed “Shuddh Jal aur Swachhta Se SwasthBachpan” (Clean Water and Sanitation for Healthy Childhood), with a tagline “Purn Poshan Ki Shuruwaat, Shuddh Jal aur Swachhta Ke Saath” focusing specifically on clean water practices and sanitation as crucial elements for a child’s nutrition and overall health.
Poshan Pakhwada aims to combat malnutrition through behaviour changes at individual, family, and community levels, highlighting four key areas:
Emphasis on the first 1000 days of human life
Popularization of the Beneficiary Module in the Poshan Tracker App
Effective management of malnutrition through the CMAM module
Promotion of healthy lifestyles to address childhood obesity
States/ UTs will conduct extensive community-level activities to underline the critical role of safe drinking water and sanitation practices in preventing malnutrition and diseases.
Planned activities include:
Shuddh Jal and Swachhta Drive:Conducting community sessions on safe drinking water, sanitation practices, hand hygiene, composting, and waste management.
Capacity Building for Anganwadi Workers:Sensitization sessions and training on safe water consumption and good sanitation practices to aid in better counselling for mothers.
Awareness Generation for Lactating Mothers:IEC activities by Anganwadi and ASHA workers on safe drinking water and sanitation to enhance community health.
Smart Poshan Anganwadi Certification:Recognizing top-performing Anganwadi Centers for maintaining high hygiene and nutrition standards.
Swachh Jal, Sundar Aangan Initiative:Improving sanitation facilities at Anganwadi centers with community and Self-Help Groups (SHGs) involvement, including murals and child-friendly water stations.
Awareness Rallies:Community mobilization focusing on preventing waterborne diseases through proper sanitation and hygiene.
Department will also complement the efforts of WCD by promoting the campaign over social media platforms which is an integral part of the campaign, utilizing hashtags #DDWSJoinsPoshanPakhwada and #PoshanPakhwada to maximize outreach and impact.
Through these collective efforts, including WASH (Water, Sanitation, and Hygiene) initiatives, the Jal Jeevan Mission, and the Swachh Bharat Mission-Grameen, Poshan Pakhwada aims to create enduring awareness and drive substantial behavioral change in rural communities, enabling improved health, sanitation, and nutrition for every child in India.
Prime Minister Shri Narendra Modi interacts with MUDRA Yojana beneficiaries Mudra Yojana is not limited to any specific group but aims to empower the youth to stand on their own feet: PM
Mudra Yojana has a transformative impact in fostering entrepreneurship and self-reliance: PM
Mudra Yojana has brought a silent revolution with shift in the societal attitude about entrepreneurship: PM
Women are among the highest beneficiaries of Mudra scheme: PM
52 crore loans have been disbursed under the scheme, a monumental achievement unparalleled globally: PM
Posted On: 08 APR 2025 12:03PM by PIB Delhi
The Prime Minister Shri Narendra Modi interacted with MUDRA Yojana beneficiaries on the occasion of completion of 10 years of Pradhan Mantri Mudra Yojana at 7, Lok Kalyan Marg in New Delhi today. He extended his heartfelt gratitude to all attendees, emphasizing the cultural significance of welcoming guests and the sanctity their presence brings to a home. He invited participants to share their experiences. Shri Modi, interacting with a beneficiary who has turned a pet supplies, medicines, and services entrepreneur, highlighted the importance of expressing gratitude to those who believed in one’s potential during challenging times. He asked the beneficiary to invite the bank officials who had approved loans and showcase the progress made due to the loan. Shri Modi emphasized that such actions would not only acknowledge their trust but also inspire confidence in their decision to support individuals who dared to dream big. He further noted that demonstrating the outcomes of their support would undoubtedly make them feel proud of their contribution to fostering growth and success.
Speaking to Shri Gopi Krishna, an entrepreneur from Kerala, the Prime Minister highlighted the transformative impact of the Pradhan Mantri Mudra Yojana which enabled him to transition into a successful entrepreneur, focusing on renewable energy solutions for households and offices while creating job opportunities. The Prime Minister noted the beneficiary’s journey, after deciding to resign from his company in Dubai upon learning about the Mudra Loan. He noted that the solar installations under the PM Surya Ghar initiative were completed within two days. He also heard about the reactions of beneficiaries of the PM Surya Ghar initiative, noting that households in Kerala now enjoy free electricity despite challenges such as heavy rainfall and dense tree cover. Shri Krishna remarked that electricity bills, previously around ₹3,000, have now reduced to ₹240-₹250, while his monthly earnings have reached ₹2.5 lakh and above.
The Prime Minister further interacted with a female entrepreneur and the founder of House of Puchka from Raipur, Chattishgarh, who shared her inspiring journey from cooking at home to establishing a successful café business. She said that research into profit margins and food cost management played a crucial role in this entrepreneurial success. She further added that there is fear in the minds of the youth, stating that many prefer settling into jobs rather than taking risks. The Prime Minister in response, highlighted the importance of risk-taking capacity and shared that the founder of House of Puchka, at the age of 23, leveraged her ability to take risks and her time effectively to build her business. The beneficiary remarked on the discussions among friends from Raipur, the corporate world, and students, noting their curiosity and questions about entrepreneurship. She further highlighted the lack of awareness among youth regarding government schemes that provide funding without requiring collateral. She expressed gratitude that schemes like Mudra Loan and PMEGP Loan offer significant opportunities for those with potential and encouraged the youth to research these schemes and take bold steps, stating that the sky has no limits for those willing to grow and succeed.
Another beneficiary, Shri Mudassir Naqshbandi, the owner of Bake My Cake in Baramulla, Kashmir, shared his journey of transitioning from being a job seeker to a job creator, adding that he has provided stable employment to 42 individuals from remote areas of Baramulla. The Prime Minister enquired about his earnings before receiving MUDRA loan, to which Mudassir replied that his earnings were in thousands, but his entrepreneurial journey has now elevated him to earning in lakhs and crores. The Prime Minister acknowledged the widespread use of UPI in Mudassir’s business operations. He noted Mudassir’s observation that 90% of transactions are conducted through UPI, leaving only 10% of cash in hand.
The Prime Minister then heard the inspiring journey of Shri Suresh, who transitioned from a job in Vapi to becoming a successful entrepreneur in Silvassa. Suresh said that in 2022, he realized that a job alone would not suffice and decided to start his own business. He added that with my success, some friends are now considering applying for Mudra Loans to start their own ventures. The Prime Minister emphasized the ripple effect of such success stories in motivating others to take bold steps toward entrepreneurship.
A woman entrepreneur from Raebareli, expressed her gratitude for the support extended to MSMEs under his leadership. She remarked on the ease of obtaining licenses and funding, which were previously challenging, and pledged to contribute to building a developed India. The Prime Minister acknowledged her emotional testimony and noted her success in running a bakery business with a monthly turnover of ₹2.5 to ₹3 lakh, providing employment to seven to eight individuals.
Shri Lavkush Mehra from Bhopal, Madhya Pradesh, started his pharmaceutical business in 2021 with an initial loan of ₹5 lakh. Despite initial apprehensions, he expanded his loan to ₹9.5 lakh and achieved a turnover of over ₹50 lakh, up from ₹12 lakh in the first year. The Prime Minister emphasized that the Mudra Yojana is not limited to any specific group but aims to empower the youth to stand on their own feet. He remarked on Lavkush’s recent achievements, including purchasing a house worth ₹34 lakh and earning over ₹1.5 lakh per month, a significant leap from his previous job earning ₹60,000 to ₹70,000. The Prime Minister congratulated him and acknowledged the role of hard work in achieving success. He also urged the beneficiaries to further spread the word to people about the MUDRA loan and its benefits.
The Prime Minister then heard the inspiring journey of a young entrepreneur from Bhavnagar, Gujarat, who founded Aditya Lab at the age of 21. The entrepreneur, a final-year Mechatronics student, successfully utilized a ₹2 lakh Mudra Loan under the Kishor category to start a business in 3D printing, reverse engineering, rapid prototyping, and robotics. The Prime Minister noted the entrepreneur’s dedication, balancing college on weekdays and business operations on weekends, earning ₹30,000 to ₹35,000 monthly while working remotely with support from family.
A woman entrepreneur from Manali shared her story of working in a vegetable market to running a successful business. She said that she started with a ₹2.5 lakh Mudra Loan in 2015-16, which she repaid within two and a half years. With subsequent loans of ₹5 lakh, ₹10 lakh, and ₹15 lakh, she expanded her business from a vegetable shop to a ration shop, achieving an annual income of ₹10 to ₹15 lakh. The Prime Minister commended their determination and the positive impact of the Mudra Yojana in empowering entrepreneurs across the country.
The Prime Minister further heard the inspiring journey of a woman entrepreneur from Andhra Pradesh, who transitioned from being a housewife to running a successful business in jute bags. She remarked that after receiving training at the Rural Self Employment Training Institute in 2019, she secured a ₹2 lakh Mudra Loan from Canara Bank without any collateral. The Prime Minister noted her determination and the bank’s trust in her potential. He acknowledged her dual role as a jute faculty member and entrepreneur, commending her efforts in empowering rural women through employment and skill development. The Prime Minister remarked on the transformative impact of the Mudra Yojana in fostering entrepreneurship and self-reliance.
Prime Minister highlighted the transformative impact of the Mudra Yojana on empowering citizens, particularly women, and fostering entrepreneurship across India. He emphasized how the scheme has provided financial support to individuals from marginalized and economically disadvantaged backgrounds, enabling them to start their own businesses without requiring guarantees or extensive paperwork. Shri Modi remarked on the silent revolution brought about by Mudra Yojana, noting the significant shift in societal attitudes towards entrepreneurship. He underlined that the scheme has empowered women by not only offering financial assistance but also creating opportunities for them to lead and grow their businesses. He pointed out that women are among the highest beneficiaries of the scheme, leading in loan applications, approvals, and swift repayments.
Prime Minister Shri Narendra Modi highlighted the discipline instilled in individuals through responsible utilization of Mudra loans. He remarked that the scheme provides an opportunity to build lives and careers, while discouraging misuse of funds or unproductive efforts. The Prime Minister pointed out that ₹33 lakh crore has been disbursed to the citizens of India under the Mudra Yojana without the need for guarantees. He emphasized that this amount is unprecedented and surpasses any financial support extended to wealthy individuals collectively. He expressed his trust in the nation’s talented youth who have utilized the funds effectively to generate employment and stimulate the economy.
Shri Modi remarked that job creation through Mudra Yojana has significantly contributed to economic growth. He observed that the earnings of common citizens have increased, enabling them to improve their living standards and invest in education for their children. He acknowledged the societal benefits brought by the scheme.
Reflecting on the government’s commitment, the Prime Minister noted that unlike traditional approaches, his administration is actively seeking feedback after 10 years of the scheme’s implementation. He stressed the importance of reviewing the scheme’s progress by consulting beneficiaries and groups nationwide, identifying opportunities for improvement, and implementing necessary reforms for further success.
Highlighting the remarkable confidence displayed by the government in expanding the scope of Mudra loans, which initially ranged from ₹50,000 to ₹5 lakh, to now reaching ₹20 lakh, Shri Modi noted that this expansion reflects the trust placed in the entrepreneurial spirit and capabilities of India’s citizens, which has strengthened through the successful implementation of the scheme.
Emphasising the importance of encouraging others to leverage the Mudra Yojana and start their own ventures, Shri Modi urged individuals to inspire and support at least five to ten others, fostering confidence and self-reliance among them. He highlighted that 52 crore loans have been disbursed under the scheme, a monumental achievement unparalleled globally.
Recalling his tenure in Gujarat, Shri Modi mentioned the “Garib Kalyan Mela,” where motivational street plays inspired people to overcome poverty. He shared an anecdote about individuals surrendering their government benefits after achieving financial independence, showcasing their transformation. He narrated an inspiring story of a tribal group in Gujarat who, with a small loan, transitioned from performing traditional music to forming a professional band. This initiative not only improved their financial status but also highlighted how small efforts can lead to significant changes. He remarked that such stories of transformation inspire him and reflect the potential of collective efforts in nation-building.
Shri Modi reiterated his belief in the Mudra Yojana as a tool to study and address people’s aspirations and circumstances. He expressed confidence in the scheme’s success and urged beneficiaries to give back to society, emphasizing the satisfaction derived from contributing to the community.
The Union Minister of State for Finance, Shri Pankaj Chaudhary was present during the interaction.
Mudra Yojana has given opportunities to countless people to showcase their entrepreneurial skills. Interacted with some of the beneficiaries of the scheme. Their journey is inspiring. #10YearsOfMUDRAhttps://t.co/QcoIK1VTki
Source: Hong Kong Government special administrative region
The Chief Executive in Council today (April 8) authorised the railway scheme of the Northern Link (NOL) Main Line in accordance with the Railways Ordinance (Cap. 519).
Taking into account the pace of developments along the NOL, the NOL project is implemented in two phases. Phase 1 involves the construction of the Kwu Tung (KTU) Station above the tunnel structure of the existing Lok Ma Chau Spur Line of the East Rail Line (EAL). The construction works of the KTU Station project commenced in September 2023 with target completion in 2027 to tie in with the intake of major new population of Kwu Tung North New Development Area. Phase 2 is the NOL Main Line, which involves the construction of a 10.7-kilometre railway connecting the existing Kam Sheung Road (KSR) Station of the Tuen Ma Line (TML) and the KTU Station, with three intermediate stations at Au Tau, Ngau Tam Mei and San Tin. The detailed planning and design of the NOL Main Line have been substantially completed, and the advance works have also commenced. The target is to complete the works of the Main Line by 2034.
A Government spokesperson said, “The NOL Main Line will become the main transportation backbone of the Northern Metropolis, unleashing the development potential of land along the railway. It will also connect the existing TML and the EAL, forming a railway loop linking up the New Territories and the Kowloon urban area, substantially improving the connections of the existing railway network. When the NOL Main Line comes into operation, the expected travel time between KSR Station and KTU Station is expected to be substantially reduced from the current 60 to 80 minutes during peak hours to about 12 minutes.”
“The Government and the MTR Corporation Limited (MTRCL) have collected public views on the NOL Main Line project through various channels earlier, including consulting the North District Council and the Yuen Long District Council, exchanging views with relevant rural committees and stakeholders and organising various publicity activities in the community. The public is generally supportive of the NOL Main Line project,” the spokesman added.
The original scheme of the NOL Main Line was gazetted on October 6, 2023, with two subsequent amendments. The first amendment and correction to the scheme was gazetted on May 3, 2024, and the second amendment to the scheme was gazetted on August 30, 2024. In respect of the objections received, the Government together with the MTRCL has carefully studied the grounds of each opinion, and met with the objectors to explain the railway scheme and respond to their concerns. All of the unwithdrawn objections have been submitted to the Executive Council for consideration.
“During the implementation of the NOL Main Line project, the MTRCL will continue to maintain close communication with relevant stakeholders. Furthermore, the MTRCL is also required to comply with the conditions set out in the environmental permit issued by the Director of Environmental Protection to mitigate the environmental impacts of the works,” the spokesman said.