'Over Rs 33 lakh crore of collateral-free loans sanctioned': PM Modi interacts with Mudra Yojana beneficiaries
Tuesday, 8 April 2025 Prime Minister Narendra Modi celebrated the 10th anniversary of the Pradhan Mantri MUDRA Yojana by interacting with beneficiaries. He lauded the scheme's role in empowering small businesses, especially women, by providing collateral-free loans. Beneficiaries shared stories of how MUDRA loans transformed their lives, enabling them to become self-reliant entrepreneurs.
India has reportedly declined a U.S. offer to buy F-35 stealth fighter jets, according to Bloomberg. The offer was made by President Trump during Prime Minister Modi’s visit to Washington in February. Instead of purchasing American jets, India is prioritizing joint defense manufacturing initiatives and has shown greater interest in the Russian Su-57, especially after its debut at Aero India.
The Indian Ministry of External Affairs downplayed Bloomberg’s report, confirming no formal talks on the F-35 have taken place yet. Meanwhile, the U.S. has slapped 25% tariffs on Indian imports due to a failed trade deal, escalating tensions. Trump also announced India would face a penalty over its continued defense ties with Russia. This deepening rift could impact U.S.-India defense cooperation and reshape future arms procurement.
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