New Delhi, May 29: Prime Minister Narendra Modi on Tuesday interacting with the beneficiaries of the Pradhan Mantri Mudra Yojana (PMMY) said the scheme has broken the "vicious cycle" of moneylenders and middlemen who used to control an entrepreneur's dream.

"Mudra yojana has protected the interests of entrepreneurs by relieving them from the vicious cycle of 'sahukars' and middlemen," Modi said while interacting with the beneficiaries of the Mudra scheme through video conferencing on the Narendra Modi App.

"This vicious cycle had to be broken and someone had to do that. We did it, we broke it," he added.

The Prime Minister said the scheme was started to promote youngsters, women, business minded people. It was never planned by his predecessors as they stressed on "vote bank politics", he added. "We prepared a product for those who wanted to do something," Modi said.

The Prime Minister said earlier people without connections were unable to get loans and were either forced to wait or migrate to big cities in search of jobs.

"Mudra Yojana has opened up new avenues for youth, women and those who want to start or expand their businesses. Not only this, Mudra Yojana is also acting as a job multiplier," he added.

"Mudra Yojana has transformed lives of the poor. It has strengthened them economically, socially and provided them with a platform to succeed on," Modi said.

He said apart from some 110 banks, there were also 72 Micro Financial Institutions (MFI), nine Non-Banking Financial Companies (NBFCs) which were giving loans using much simpler paperwork. Around 75 per cent of these loans are given to youth and women.

The interaction came as the Bharatiya Janata Party-led government completed fours years at the Centre.

PMMY was launched by Modi in 2015 aiming to develop India's micro enterprises sector by providing loans up to Rs 10 lakh to non-corporate and non-farm businesses.

As many as 12 crore entrepreneurs have been benefited by it. There are three categories of loans under Mudra Yojana -- 'Shishu, Kishore and Tarun' -- which signifies the stage of growth from infancy to youth.

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Lahli (Haryana) (PTI): Haryana pacer Anshul Kamboj entered the record books on Friday as he became only the third bowler in the history of Ranji Trophy to claim all 10 wickets in an innings.

Kamboj, 23, achieved the feat in the home team's Group C game against Kerala at the Chaudhary Bansi Lal Cricket Stadium on the outskirts of Rohtak.

Kamboj ended with incredible figures of 10/49 in 30.1 overs.

Premangshu Chatterjee of Bengal (10/20 vs Assam, 1956) and Pradeep Sundaram (10/78, Rajasthan v Vidarbha, 1985) of Rajasthan are the other two bowlers to have taken 10 wickets in an innings in the country's premier domestic tournament.

Overall, Kamboj is the sixth Indian bowler to grab a 10-wicket haul in First-Class cricket. The legendary Anil Kumble, Subhash Gupte and Debashish Mohanty are the others on the list.

The pacer entered the third day's play with eight wickets to his name and claimed the wickets of Basil Thampi and Shoun Roger to complete the remarkable feat.

As a result, Kerala were all out for 291 in their first innings.

While running through the Kerala batting line-up, Kamboj also went past 50 First-Class wickets in 19 matches.

Kamboj, who was picked by Mumbai Indians for the 2024 IPL after an impressive domestic season, recently represented the India A in the ACC Emerging Asia Cup tournament in Oman.

Kamboj was among the leading wicket-takers with 17 scalps from 10 matches as Haryana went on to win the Vijay Hazare Trophy title for the first time.

This season he became only the third pacer to record an eight-wicket haul in the Duleep Trophy, behind Mohanty (10/46) and Ashok Dinda (8/123).

Kamboj has 23 wickets from 15 List-A games to his name.

Best bowling figures in Ranji Trophy history:

10/20 – Premangshu Chatterjee – Bengal v Assam (1956-57)

10/49 – Anshul Kamboj – Haryana v Kerala (2024-25)

10/78 – Pradeep Sunderam – Rajasthan v Vidarbha (1985-86).

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List of Indian bowlers with 10-wicket haul in First-Class cricket:

10/20 – Premangshu Chatterjee – Bengal v Assam (1956-57) - Ranji Trophy

10/46 – Debasis Mohanty – East Zone v South Zone (2000-01) - Duleep Trophy

10/49 – Anshul Kamboj – Haryana v Kerala (2024-25) 10/74

10-74 - Anil Kumble – India v Pakistan (1999) -- Kotla -- Test match

10/78 – Pradeep Sundaram – Rajasthan v Vidarbha (1985-86) - Ranji Trophy

10/78 – Subhash Gupte – Bombay v Pakistan Combined Services and Bahawalpur XI (1954-55).