Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 73,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'catslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 73,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/how-many-jobs-are-really-being-created-by-the-modi-govt039s-mudra-scheme-noor-mohammad-4684617/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/how-many-jobs-are-really-being-created-by-the-modi-govt039s-mudra-scheme-noor-mohammad-4684617/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'catslug'
	]
]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 74,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'artileslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 74,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/how-many-jobs-are-really-being-created-by-the-modi-govt039s-mudra-scheme-noor-mohammad-4684617/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/how-many-jobs-are-really-being-created-by-the-modi-govt039s-mudra-scheme-noor-mohammad-4684617/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'artileslug'
	]
]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ef788815e2c-trace').style.display = (document.getElementById('cakeErr67ef788815e2c-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67ef788815e2c-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ef788815e2c-code').style.display = (document.getElementById('cakeErr67ef788815e2c-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ef788815e2c-context').style.display = (document.getElementById('cakeErr67ef788815e2c-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67ef788815e2c-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67ef788815e2c-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 36502,
		&#039;title&#039; =&gt; &#039;How Many Jobs Are Really Being Created by the Modi Govt&amp;#039;s Mudra Scheme? -Noor Mohammad&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-TheWire.in&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Figures highlighted in an RTI reply cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Struggling to deliver on the poll promise to create one crore jobs a year, the Narendra Modi government and the BJP may have found a face-saver in the flagship self-employment Mudra scheme, launched under the Pradhan Mantri Mudra Yojana (PMMY) in 2015.&lt;br /&gt;
&lt;br /&gt;
However, three years in, the scheme may not be a high job creator that it has been made out to be.&lt;br /&gt;
&lt;br /&gt;
The number of larger-sized loans &amp;ndash; of more than Rs 5 lakh &amp;ndash; that can create real jobs are just a tiny percentage, or 1.3%,of total loans disbursed under the scheme, reveals an RTI query .&lt;br /&gt;
&lt;br /&gt;
The figure has been disclosed by the department of financial services under the finance ministry in reply to a query from Chandan Kamhe, a Delhi-based RTI activist.&lt;br /&gt;
&lt;br /&gt;
The balance loans were in sizes of less than Rs 50,000 and of between Rs 50,000 and Rs 5 lakh.&lt;br /&gt;
&lt;br /&gt;
Specifically, Mudra loans worth Rs 2,53,677.10 crore to 4.81 crore beneficiaries were given in 2017-18, which translates into average loan size of Rs 52,700, an amount just too small to finance any scalable business model with employment generation potential, say experts.&lt;br /&gt;
&lt;br /&gt;
These figures cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.&lt;br /&gt;
&lt;br /&gt;
The loan scheme focuses on meeting the capital requirement of first-time women, Dalit entrepreneurs. A total of 12.61 crore Mudra loans have been sanctioned till May 3, 2018. Of these, applications for loans of more than Rs 5 lakh approved were just 17.57 lakh.&lt;br /&gt;
&lt;br /&gt;
Banks and microfinance institutions (MFIs) account for roughly 65% and 35% of lending under the Mudra scheme. Lending rose from Rs 1,32,954 crore in 2015-16 to Rs 2,46,437 crore in 2017-18 &amp;ndash; an increase of over 85% .&lt;br /&gt;
&lt;br /&gt;
In the run-up to the 2014 general elections, Modi had promised to create jobs on the campaign trail. But he has largely changed tack after coming to power, saying that he wants to turn job-seeking youth into job-creators.&lt;br /&gt;
&lt;br /&gt;
But there is a catch &amp;ndash; most self-employed people may not have full-time work and may be actually underemployed, according to economists.&lt;br /&gt;
&lt;br /&gt;
Labour economist Santosh Kumar Mehrotra told The Wire that with an average loan size of a little more than Rs 50,000, an individual cannot support himself with this measly amount, let alone employ others.&lt;br /&gt;
&lt;br /&gt;
Besides, the quality of these loans is somewhat risky given that they are allocated without any collateral, he added.&lt;br /&gt;
&lt;br /&gt;
However, unfazed by the criticism, the Modi government and BJP have strongly defended the changed narrative and hailed the success of Mudra scheme to prove their point. Although there is no official data on how many jobs have been created through the scheme, number of loan beneficiaries is often taken as jobs generated.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;TheWire.in, 14 May, 2018, https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;how-many-jobs-are-really-being-created-by-the-modi-govt039s-mudra-scheme-noor-mohammad-4684617&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4684617,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 36502,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | How Many Jobs Are Really Being Created by the Modi Govt&amp;#039;s Mudra Scheme? -Noor Mohammad&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;MUDRA Bank,MUDRA scheme,transparency,RTI Act,Right to Information,Right to Information (RTI),Right to Information Act,Pradhan Mantri Mudra Yojana (PMMY)&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
-TheWire.in

Figures highlighted in an RTI reply cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.

New Delhi: Struggling to deliver on the poll promise to create one crore jobs a year, the...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-TheWire.in&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Figures highlighted in an RTI reply cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;Struggling to deliver on the poll promise to create one crore jobs a year, the Narendra Modi government and the BJP may have found a face-saver in the flagship self-employment Mudra scheme, launched under the Pradhan Mantri Mudra Yojana (PMMY) in 2015.&lt;br /&gt;&lt;br /&gt;However, three years in, the scheme may not be a high job creator that it has been made out to be.&lt;br /&gt;&lt;br /&gt;The number of larger-sized loans &amp;ndash; of more than Rs 5 lakh &amp;ndash; that can create real jobs are just a tiny percentage, or 1.3%,of total loans disbursed under the scheme, reveals an RTI query .&lt;br /&gt;&lt;br /&gt;The figure has been disclosed by the department of financial services under the finance ministry in reply to a query from Chandan Kamhe, a Delhi-based RTI activist.&lt;br /&gt;&lt;br /&gt;The balance loans were in sizes of less than Rs 50,000 and of between Rs 50,000 and Rs 5 lakh.&lt;br /&gt;&lt;br /&gt;Specifically, Mudra loans worth Rs 2,53,677.10 crore to 4.81 crore beneficiaries were given in 2017-18, which translates into average loan size of Rs 52,700, an amount just too small to finance any scalable business model with employment generation potential, say experts.&lt;br /&gt;&lt;br /&gt;These figures cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.&lt;br /&gt;&lt;br /&gt;The loan scheme focuses on meeting the capital requirement of first-time women, Dalit entrepreneurs. A total of 12.61 crore Mudra loans have been sanctioned till May 3, 2018. Of these, applications for loans of more than Rs 5 lakh approved were just 17.57 lakh.&lt;br /&gt;&lt;br /&gt;Banks and microfinance institutions (MFIs) account for roughly 65% and 35% of lending under the Mudra scheme. Lending rose from Rs 1,32,954 crore in 2015-16 to Rs 2,46,437 crore in 2017-18 &amp;ndash; an increase of over 85% .&lt;br /&gt;&lt;br /&gt;In the run-up to the 2014 general elections, Modi had promised to create jobs on the campaign trail. But he has largely changed tack after coming to power, saying that he wants to turn job-seeking youth into job-creators.&lt;br /&gt;&lt;br /&gt;But there is a catch &amp;ndash; most self-employed people may not have full-time work and may be actually underemployed, according to economists.&lt;br /&gt;&lt;br /&gt;Labour economist Santosh Kumar Mehrotra told The Wire that with an average loan size of a little more than Rs 50,000, an individual cannot support himself with this measly amount, let alone employ others.&lt;br /&gt;&lt;br /&gt;Besides, the quality of these loans is somewhat risky given that they are allocated without any collateral, he added.&lt;br /&gt;&lt;br /&gt;However, unfazed by the criticism, the Modi government and BJP have strongly defended the changed narrative and hailed the success of Mudra scheme to prove their point. Although there is no official data on how many jobs have been created through the scheme, number of loan beneficiaries is often taken as jobs generated.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality&quot; title=&quot;https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 36502,
	&#039;title&#039; =&gt; &#039;How Many Jobs Are Really Being Created by the Modi Govt&amp;#039;s Mudra Scheme? -Noor Mohammad&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-TheWire.in&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Figures highlighted in an RTI reply cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Struggling to deliver on the poll promise to create one crore jobs a year, the Narendra Modi government and the BJP may have found a face-saver in the flagship self-employment Mudra scheme, launched under the Pradhan Mantri Mudra Yojana (PMMY) in 2015.&lt;br /&gt;
&lt;br /&gt;
However, three years in, the scheme may not be a high job creator that it has been made out to be.&lt;br /&gt;
&lt;br /&gt;
The number of larger-sized loans &amp;ndash; of more than Rs 5 lakh &amp;ndash; that can create real jobs are just a tiny percentage, or 1.3%,of total loans disbursed under the scheme, reveals an RTI query .&lt;br /&gt;
&lt;br /&gt;
The figure has been disclosed by the department of financial services under the finance ministry in reply to a query from Chandan Kamhe, a Delhi-based RTI activist.&lt;br /&gt;
&lt;br /&gt;
The balance loans were in sizes of less than Rs 50,000 and of between Rs 50,000 and Rs 5 lakh.&lt;br /&gt;
&lt;br /&gt;
Specifically, Mudra loans worth Rs 2,53,677.10 crore to 4.81 crore beneficiaries were given in 2017-18, which translates into average loan size of Rs 52,700, an amount just too small to finance any scalable business model with employment generation potential, say experts.&lt;br /&gt;
&lt;br /&gt;
These figures cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.&lt;br /&gt;
&lt;br /&gt;
The loan scheme focuses on meeting the capital requirement of first-time women, Dalit entrepreneurs. A total of 12.61 crore Mudra loans have been sanctioned till May 3, 2018. Of these, applications for loans of more than Rs 5 lakh approved were just 17.57 lakh.&lt;br /&gt;
&lt;br /&gt;
Banks and microfinance institutions (MFIs) account for roughly 65% and 35% of lending under the Mudra scheme. Lending rose from Rs 1,32,954 crore in 2015-16 to Rs 2,46,437 crore in 2017-18 &amp;ndash; an increase of over 85% .&lt;br /&gt;
&lt;br /&gt;
In the run-up to the 2014 general elections, Modi had promised to create jobs on the campaign trail. But he has largely changed tack after coming to power, saying that he wants to turn job-seeking youth into job-creators.&lt;br /&gt;
&lt;br /&gt;
But there is a catch &amp;ndash; most self-employed people may not have full-time work and may be actually underemployed, according to economists.&lt;br /&gt;
&lt;br /&gt;
Labour economist Santosh Kumar Mehrotra told The Wire that with an average loan size of a little more than Rs 50,000, an individual cannot support himself with this measly amount, let alone employ others.&lt;br /&gt;
&lt;br /&gt;
Besides, the quality of these loans is somewhat risky given that they are allocated without any collateral, he added.&lt;br /&gt;
&lt;br /&gt;
However, unfazed by the criticism, the Modi government and BJP have strongly defended the changed narrative and hailed the success of Mudra scheme to prove their point. Although there is no official data on how many jobs have been created through the scheme, number of loan beneficiaries is often taken as jobs generated.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;TheWire.in, 14 May, 2018, https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;how-many-jobs-are-really-being-created-by-the-modi-govt039s-mudra-scheme-noor-mohammad-4684617&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4684617,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {},
		(int) 5 =&gt; object(Cake\ORM\Entity) {},
		(int) 6 =&gt; object(Cake\ORM\Entity) {},
		(int) 7 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 36502
$metaTitle = &#039;LATEST NEWS UPDATES | How Many Jobs Are Really Being Created by the Modi Govt&amp;#039;s Mudra Scheme? -Noor Mohammad&#039;
$metaKeywords = &#039;MUDRA Bank,MUDRA scheme,transparency,RTI Act,Right to Information,Right to Information (RTI),Right to Information Act,Pradhan Mantri Mudra Yojana (PMMY)&#039;
$metaDesc = &#039;
-TheWire.in

Figures highlighted in an RTI reply cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.

New Delhi: Struggling to deliver on the poll promise to create one crore jobs a year, the...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-TheWire.in&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Figures highlighted in an RTI reply cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;Struggling to deliver on the poll promise to create one crore jobs a year, the Narendra Modi government and the BJP may have found a face-saver in the flagship self-employment Mudra scheme, launched under the Pradhan Mantri Mudra Yojana (PMMY) in 2015.&lt;br /&gt;&lt;br /&gt;However, three years in, the scheme may not be a high job creator that it has been made out to be.&lt;br /&gt;&lt;br /&gt;The number of larger-sized loans &amp;ndash; of more than Rs 5 lakh &amp;ndash; that can create real jobs are just a tiny percentage, or 1.3%,of total loans disbursed under the scheme, reveals an RTI query .&lt;br /&gt;&lt;br /&gt;The figure has been disclosed by the department of financial services under the finance ministry in reply to a query from Chandan Kamhe, a Delhi-based RTI activist.&lt;br /&gt;&lt;br /&gt;The balance loans were in sizes of less than Rs 50,000 and of between Rs 50,000 and Rs 5 lakh.&lt;br /&gt;&lt;br /&gt;Specifically, Mudra loans worth Rs 2,53,677.10 crore to 4.81 crore beneficiaries were given in 2017-18, which translates into average loan size of Rs 52,700, an amount just too small to finance any scalable business model with employment generation potential, say experts.&lt;br /&gt;&lt;br /&gt;These figures cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.&lt;br /&gt;&lt;br /&gt;The loan scheme focuses on meeting the capital requirement of first-time women, Dalit entrepreneurs. A total of 12.61 crore Mudra loans have been sanctioned till May 3, 2018. Of these, applications for loans of more than Rs 5 lakh approved were just 17.57 lakh.&lt;br /&gt;&lt;br /&gt;Banks and microfinance institutions (MFIs) account for roughly 65% and 35% of lending under the Mudra scheme. Lending rose from Rs 1,32,954 crore in 2015-16 to Rs 2,46,437 crore in 2017-18 &amp;ndash; an increase of over 85% .&lt;br /&gt;&lt;br /&gt;In the run-up to the 2014 general elections, Modi had promised to create jobs on the campaign trail. But he has largely changed tack after coming to power, saying that he wants to turn job-seeking youth into job-creators.&lt;br /&gt;&lt;br /&gt;But there is a catch &amp;ndash; most self-employed people may not have full-time work and may be actually underemployed, according to economists.&lt;br /&gt;&lt;br /&gt;Labour economist Santosh Kumar Mehrotra told The Wire that with an average loan size of a little more than Rs 50,000, an individual cannot support himself with this measly amount, let alone employ others.&lt;br /&gt;&lt;br /&gt;Besides, the quality of these loans is somewhat risky given that they are allocated without any collateral, he added.&lt;br /&gt;&lt;br /&gt;However, unfazed by the criticism, the Modi government and BJP have strongly defended the changed narrative and hailed the success of Mudra scheme to prove their point. Although there is no official data on how many jobs have been created through the scheme, number of loan beneficiaries is often taken as jobs generated.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality&quot; title=&quot;https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/how-many-jobs-are-really-being-created-by-the-modi-govt039s-mudra-scheme-noor-mohammad-4684617.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | How Many Jobs Are Really Being Created by the Modi Govt&#039;s Mudra Scheme? -Noor Mohammad | Im4change.org</title>
    <meta name="description" content="
-TheWire.in

Figures highlighted in an RTI reply cut to the heart of a debate over the government&rsquo;s assertion to count Mudra loan beneficiaries as employed.

New Delhi: Struggling to deliver on the poll promise to create one crore jobs a year, the..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>How Many Jobs Are Really Being Created by the Modi Govt&#039;s Mudra Scheme? -Noor Mohammad</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">-TheWire.in<br /><br /><em>Figures highlighted in an RTI reply cut to the heart of a debate over the government&rsquo;s assertion to count Mudra loan beneficiaries as employed.<br /><br />New Delhi: </em>Struggling to deliver on the poll promise to create one crore jobs a year, the Narendra Modi government and the BJP may have found a face-saver in the flagship self-employment Mudra scheme, launched under the Pradhan Mantri Mudra Yojana (PMMY) in 2015.<br /><br />However, three years in, the scheme may not be a high job creator that it has been made out to be.<br /><br />The number of larger-sized loans &ndash; of more than Rs 5 lakh &ndash; that can create real jobs are just a tiny percentage, or 1.3%,of total loans disbursed under the scheme, reveals an RTI query .<br /><br />The figure has been disclosed by the department of financial services under the finance ministry in reply to a query from Chandan Kamhe, a Delhi-based RTI activist.<br /><br />The balance loans were in sizes of less than Rs 50,000 and of between Rs 50,000 and Rs 5 lakh.<br /><br />Specifically, Mudra loans worth Rs 2,53,677.10 crore to 4.81 crore beneficiaries were given in 2017-18, which translates into average loan size of Rs 52,700, an amount just too small to finance any scalable business model with employment generation potential, say experts.<br /><br />These figures cut to the heart of a debate over the government&rsquo;s assertion to count Mudra loan beneficiaries as employed.<br /><br />The loan scheme focuses on meeting the capital requirement of first-time women, Dalit entrepreneurs. A total of 12.61 crore Mudra loans have been sanctioned till May 3, 2018. Of these, applications for loans of more than Rs 5 lakh approved were just 17.57 lakh.<br /><br />Banks and microfinance institutions (MFIs) account for roughly 65% and 35% of lending under the Mudra scheme. Lending rose from Rs 1,32,954 crore in 2015-16 to Rs 2,46,437 crore in 2017-18 &ndash; an increase of over 85% .<br /><br />In the run-up to the 2014 general elections, Modi had promised to create jobs on the campaign trail. But he has largely changed tack after coming to power, saying that he wants to turn job-seeking youth into job-creators.<br /><br />But there is a catch &ndash; most self-employed people may not have full-time work and may be actually underemployed, according to economists.<br /><br />Labour economist Santosh Kumar Mehrotra told The Wire that with an average loan size of a little more than Rs 50,000, an individual cannot support himself with this measly amount, let alone employ others.<br /><br />Besides, the quality of these loans is somewhat risky given that they are allocated without any collateral, he added.<br /><br />However, unfazed by the criticism, the Modi government and BJP have strongly defended the changed narrative and hailed the success of Mudra scheme to prove their point. Although there is no official data on how many jobs have been created through the scheme, number of loan beneficiaries is often taken as jobs generated.<br /><br />Please <a href="https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality" title="https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality">click here</a> to read more. <br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$maxBufferLength = (int) 8192
$file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php'
$line = (int) 853
$message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Code Context
            $response->getStatusCode(),

            ($reasonPhrase ? ' ' . $reasonPhrase : '')

        ));
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ef788815e2c-trace').style.display = (document.getElementById('cakeErr67ef788815e2c-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67ef788815e2c-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ef788815e2c-code').style.display = (document.getElementById('cakeErr67ef788815e2c-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ef788815e2c-context').style.display = (document.getElementById('cakeErr67ef788815e2c-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67ef788815e2c-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67ef788815e2c-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 36502,
		&#039;title&#039; =&gt; &#039;How Many Jobs Are Really Being Created by the Modi Govt&amp;#039;s Mudra Scheme? -Noor Mohammad&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-TheWire.in&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Figures highlighted in an RTI reply cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Struggling to deliver on the poll promise to create one crore jobs a year, the Narendra Modi government and the BJP may have found a face-saver in the flagship self-employment Mudra scheme, launched under the Pradhan Mantri Mudra Yojana (PMMY) in 2015.&lt;br /&gt;
&lt;br /&gt;
However, three years in, the scheme may not be a high job creator that it has been made out to be.&lt;br /&gt;
&lt;br /&gt;
The number of larger-sized loans &amp;ndash; of more than Rs 5 lakh &amp;ndash; that can create real jobs are just a tiny percentage, or 1.3%,of total loans disbursed under the scheme, reveals an RTI query .&lt;br /&gt;
&lt;br /&gt;
The figure has been disclosed by the department of financial services under the finance ministry in reply to a query from Chandan Kamhe, a Delhi-based RTI activist.&lt;br /&gt;
&lt;br /&gt;
The balance loans were in sizes of less than Rs 50,000 and of between Rs 50,000 and Rs 5 lakh.&lt;br /&gt;
&lt;br /&gt;
Specifically, Mudra loans worth Rs 2,53,677.10 crore to 4.81 crore beneficiaries were given in 2017-18, which translates into average loan size of Rs 52,700, an amount just too small to finance any scalable business model with employment generation potential, say experts.&lt;br /&gt;
&lt;br /&gt;
These figures cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.&lt;br /&gt;
&lt;br /&gt;
The loan scheme focuses on meeting the capital requirement of first-time women, Dalit entrepreneurs. A total of 12.61 crore Mudra loans have been sanctioned till May 3, 2018. Of these, applications for loans of more than Rs 5 lakh approved were just 17.57 lakh.&lt;br /&gt;
&lt;br /&gt;
Banks and microfinance institutions (MFIs) account for roughly 65% and 35% of lending under the Mudra scheme. Lending rose from Rs 1,32,954 crore in 2015-16 to Rs 2,46,437 crore in 2017-18 &amp;ndash; an increase of over 85% .&lt;br /&gt;
&lt;br /&gt;
In the run-up to the 2014 general elections, Modi had promised to create jobs on the campaign trail. But he has largely changed tack after coming to power, saying that he wants to turn job-seeking youth into job-creators.&lt;br /&gt;
&lt;br /&gt;
But there is a catch &amp;ndash; most self-employed people may not have full-time work and may be actually underemployed, according to economists.&lt;br /&gt;
&lt;br /&gt;
Labour economist Santosh Kumar Mehrotra told The Wire that with an average loan size of a little more than Rs 50,000, an individual cannot support himself with this measly amount, let alone employ others.&lt;br /&gt;
&lt;br /&gt;
Besides, the quality of these loans is somewhat risky given that they are allocated without any collateral, he added.&lt;br /&gt;
&lt;br /&gt;
However, unfazed by the criticism, the Modi government and BJP have strongly defended the changed narrative and hailed the success of Mudra scheme to prove their point. Although there is no official data on how many jobs have been created through the scheme, number of loan beneficiaries is often taken as jobs generated.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;TheWire.in, 14 May, 2018, https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;how-many-jobs-are-really-being-created-by-the-modi-govt039s-mudra-scheme-noor-mohammad-4684617&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4684617,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 36502,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | How Many Jobs Are Really Being Created by the Modi Govt&amp;#039;s Mudra Scheme? -Noor Mohammad&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;MUDRA Bank,MUDRA scheme,transparency,RTI Act,Right to Information,Right to Information (RTI),Right to Information Act,Pradhan Mantri Mudra Yojana (PMMY)&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
-TheWire.in

Figures highlighted in an RTI reply cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.

New Delhi: Struggling to deliver on the poll promise to create one crore jobs a year, the...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-TheWire.in&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Figures highlighted in an RTI reply cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;Struggling to deliver on the poll promise to create one crore jobs a year, the Narendra Modi government and the BJP may have found a face-saver in the flagship self-employment Mudra scheme, launched under the Pradhan Mantri Mudra Yojana (PMMY) in 2015.&lt;br /&gt;&lt;br /&gt;However, three years in, the scheme may not be a high job creator that it has been made out to be.&lt;br /&gt;&lt;br /&gt;The number of larger-sized loans &amp;ndash; of more than Rs 5 lakh &amp;ndash; that can create real jobs are just a tiny percentage, or 1.3%,of total loans disbursed under the scheme, reveals an RTI query .&lt;br /&gt;&lt;br /&gt;The figure has been disclosed by the department of financial services under the finance ministry in reply to a query from Chandan Kamhe, a Delhi-based RTI activist.&lt;br /&gt;&lt;br /&gt;The balance loans were in sizes of less than Rs 50,000 and of between Rs 50,000 and Rs 5 lakh.&lt;br /&gt;&lt;br /&gt;Specifically, Mudra loans worth Rs 2,53,677.10 crore to 4.81 crore beneficiaries were given in 2017-18, which translates into average loan size of Rs 52,700, an amount just too small to finance any scalable business model with employment generation potential, say experts.&lt;br /&gt;&lt;br /&gt;These figures cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.&lt;br /&gt;&lt;br /&gt;The loan scheme focuses on meeting the capital requirement of first-time women, Dalit entrepreneurs. A total of 12.61 crore Mudra loans have been sanctioned till May 3, 2018. Of these, applications for loans of more than Rs 5 lakh approved were just 17.57 lakh.&lt;br /&gt;&lt;br /&gt;Banks and microfinance institutions (MFIs) account for roughly 65% and 35% of lending under the Mudra scheme. Lending rose from Rs 1,32,954 crore in 2015-16 to Rs 2,46,437 crore in 2017-18 &amp;ndash; an increase of over 85% .&lt;br /&gt;&lt;br /&gt;In the run-up to the 2014 general elections, Modi had promised to create jobs on the campaign trail. But he has largely changed tack after coming to power, saying that he wants to turn job-seeking youth into job-creators.&lt;br /&gt;&lt;br /&gt;But there is a catch &amp;ndash; most self-employed people may not have full-time work and may be actually underemployed, according to economists.&lt;br /&gt;&lt;br /&gt;Labour economist Santosh Kumar Mehrotra told The Wire that with an average loan size of a little more than Rs 50,000, an individual cannot support himself with this measly amount, let alone employ others.&lt;br /&gt;&lt;br /&gt;Besides, the quality of these loans is somewhat risky given that they are allocated without any collateral, he added.&lt;br /&gt;&lt;br /&gt;However, unfazed by the criticism, the Modi government and BJP have strongly defended the changed narrative and hailed the success of Mudra scheme to prove their point. Although there is no official data on how many jobs have been created through the scheme, number of loan beneficiaries is often taken as jobs generated.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality&quot; title=&quot;https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 36502,
	&#039;title&#039; =&gt; &#039;How Many Jobs Are Really Being Created by the Modi Govt&amp;#039;s Mudra Scheme? -Noor Mohammad&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-TheWire.in&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Figures highlighted in an RTI reply cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Struggling to deliver on the poll promise to create one crore jobs a year, the Narendra Modi government and the BJP may have found a face-saver in the flagship self-employment Mudra scheme, launched under the Pradhan Mantri Mudra Yojana (PMMY) in 2015.&lt;br /&gt;
&lt;br /&gt;
However, three years in, the scheme may not be a high job creator that it has been made out to be.&lt;br /&gt;
&lt;br /&gt;
The number of larger-sized loans &amp;ndash; of more than Rs 5 lakh &amp;ndash; that can create real jobs are just a tiny percentage, or 1.3%,of total loans disbursed under the scheme, reveals an RTI query .&lt;br /&gt;
&lt;br /&gt;
The figure has been disclosed by the department of financial services under the finance ministry in reply to a query from Chandan Kamhe, a Delhi-based RTI activist.&lt;br /&gt;
&lt;br /&gt;
The balance loans were in sizes of less than Rs 50,000 and of between Rs 50,000 and Rs 5 lakh.&lt;br /&gt;
&lt;br /&gt;
Specifically, Mudra loans worth Rs 2,53,677.10 crore to 4.81 crore beneficiaries were given in 2017-18, which translates into average loan size of Rs 52,700, an amount just too small to finance any scalable business model with employment generation potential, say experts.&lt;br /&gt;
&lt;br /&gt;
These figures cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.&lt;br /&gt;
&lt;br /&gt;
The loan scheme focuses on meeting the capital requirement of first-time women, Dalit entrepreneurs. A total of 12.61 crore Mudra loans have been sanctioned till May 3, 2018. Of these, applications for loans of more than Rs 5 lakh approved were just 17.57 lakh.&lt;br /&gt;
&lt;br /&gt;
Banks and microfinance institutions (MFIs) account for roughly 65% and 35% of lending under the Mudra scheme. Lending rose from Rs 1,32,954 crore in 2015-16 to Rs 2,46,437 crore in 2017-18 &amp;ndash; an increase of over 85% .&lt;br /&gt;
&lt;br /&gt;
In the run-up to the 2014 general elections, Modi had promised to create jobs on the campaign trail. But he has largely changed tack after coming to power, saying that he wants to turn job-seeking youth into job-creators.&lt;br /&gt;
&lt;br /&gt;
But there is a catch &amp;ndash; most self-employed people may not have full-time work and may be actually underemployed, according to economists.&lt;br /&gt;
&lt;br /&gt;
Labour economist Santosh Kumar Mehrotra told The Wire that with an average loan size of a little more than Rs 50,000, an individual cannot support himself with this measly amount, let alone employ others.&lt;br /&gt;
&lt;br /&gt;
Besides, the quality of these loans is somewhat risky given that they are allocated without any collateral, he added.&lt;br /&gt;
&lt;br /&gt;
However, unfazed by the criticism, the Modi government and BJP have strongly defended the changed narrative and hailed the success of Mudra scheme to prove their point. Although there is no official data on how many jobs have been created through the scheme, number of loan beneficiaries is often taken as jobs generated.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;TheWire.in, 14 May, 2018, https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;how-many-jobs-are-really-being-created-by-the-modi-govt039s-mudra-scheme-noor-mohammad-4684617&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4684617,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {},
		(int) 5 =&gt; object(Cake\ORM\Entity) {},
		(int) 6 =&gt; object(Cake\ORM\Entity) {},
		(int) 7 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 36502
$metaTitle = &#039;LATEST NEWS UPDATES | How Many Jobs Are Really Being Created by the Modi Govt&amp;#039;s Mudra Scheme? -Noor Mohammad&#039;
$metaKeywords = &#039;MUDRA Bank,MUDRA scheme,transparency,RTI Act,Right to Information,Right to Information (RTI),Right to Information Act,Pradhan Mantri Mudra Yojana (PMMY)&#039;
$metaDesc = &#039;
-TheWire.in

Figures highlighted in an RTI reply cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.

New Delhi: Struggling to deliver on the poll promise to create one crore jobs a year, the...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-TheWire.in&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Figures highlighted in an RTI reply cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;Struggling to deliver on the poll promise to create one crore jobs a year, the Narendra Modi government and the BJP may have found a face-saver in the flagship self-employment Mudra scheme, launched under the Pradhan Mantri Mudra Yojana (PMMY) in 2015.&lt;br /&gt;&lt;br /&gt;However, three years in, the scheme may not be a high job creator that it has been made out to be.&lt;br /&gt;&lt;br /&gt;The number of larger-sized loans &amp;ndash; of more than Rs 5 lakh &amp;ndash; that can create real jobs are just a tiny percentage, or 1.3%,of total loans disbursed under the scheme, reveals an RTI query .&lt;br /&gt;&lt;br /&gt;The figure has been disclosed by the department of financial services under the finance ministry in reply to a query from Chandan Kamhe, a Delhi-based RTI activist.&lt;br /&gt;&lt;br /&gt;The balance loans were in sizes of less than Rs 50,000 and of between Rs 50,000 and Rs 5 lakh.&lt;br /&gt;&lt;br /&gt;Specifically, Mudra loans worth Rs 2,53,677.10 crore to 4.81 crore beneficiaries were given in 2017-18, which translates into average loan size of Rs 52,700, an amount just too small to finance any scalable business model with employment generation potential, say experts.&lt;br /&gt;&lt;br /&gt;These figures cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.&lt;br /&gt;&lt;br /&gt;The loan scheme focuses on meeting the capital requirement of first-time women, Dalit entrepreneurs. A total of 12.61 crore Mudra loans have been sanctioned till May 3, 2018. Of these, applications for loans of more than Rs 5 lakh approved were just 17.57 lakh.&lt;br /&gt;&lt;br /&gt;Banks and microfinance institutions (MFIs) account for roughly 65% and 35% of lending under the Mudra scheme. Lending rose from Rs 1,32,954 crore in 2015-16 to Rs 2,46,437 crore in 2017-18 &amp;ndash; an increase of over 85% .&lt;br /&gt;&lt;br /&gt;In the run-up to the 2014 general elections, Modi had promised to create jobs on the campaign trail. But he has largely changed tack after coming to power, saying that he wants to turn job-seeking youth into job-creators.&lt;br /&gt;&lt;br /&gt;But there is a catch &amp;ndash; most self-employed people may not have full-time work and may be actually underemployed, according to economists.&lt;br /&gt;&lt;br /&gt;Labour economist Santosh Kumar Mehrotra told The Wire that with an average loan size of a little more than Rs 50,000, an individual cannot support himself with this measly amount, let alone employ others.&lt;br /&gt;&lt;br /&gt;Besides, the quality of these loans is somewhat risky given that they are allocated without any collateral, he added.&lt;br /&gt;&lt;br /&gt;However, unfazed by the criticism, the Modi government and BJP have strongly defended the changed narrative and hailed the success of Mudra scheme to prove their point. Although there is no official data on how many jobs have been created through the scheme, number of loan beneficiaries is often taken as jobs generated.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality&quot; title=&quot;https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/how-many-jobs-are-really-being-created-by-the-modi-govt039s-mudra-scheme-noor-mohammad-4684617.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | How Many Jobs Are Really Being Created by the Modi Govt&#039;s Mudra Scheme? -Noor Mohammad | Im4change.org</title>
    <meta name="description" content="
-TheWire.in

Figures highlighted in an RTI reply cut to the heart of a debate over the government&rsquo;s assertion to count Mudra loan beneficiaries as employed.

New Delhi: Struggling to deliver on the poll promise to create one crore jobs a year, the..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>How Many Jobs Are Really Being Created by the Modi Govt&#039;s Mudra Scheme? -Noor Mohammad</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">-TheWire.in<br /><br /><em>Figures highlighted in an RTI reply cut to the heart of a debate over the government&rsquo;s assertion to count Mudra loan beneficiaries as employed.<br /><br />New Delhi: </em>Struggling to deliver on the poll promise to create one crore jobs a year, the Narendra Modi government and the BJP may have found a face-saver in the flagship self-employment Mudra scheme, launched under the Pradhan Mantri Mudra Yojana (PMMY) in 2015.<br /><br />However, three years in, the scheme may not be a high job creator that it has been made out to be.<br /><br />The number of larger-sized loans &ndash; of more than Rs 5 lakh &ndash; that can create real jobs are just a tiny percentage, or 1.3%,of total loans disbursed under the scheme, reveals an RTI query .<br /><br />The figure has been disclosed by the department of financial services under the finance ministry in reply to a query from Chandan Kamhe, a Delhi-based RTI activist.<br /><br />The balance loans were in sizes of less than Rs 50,000 and of between Rs 50,000 and Rs 5 lakh.<br /><br />Specifically, Mudra loans worth Rs 2,53,677.10 crore to 4.81 crore beneficiaries were given in 2017-18, which translates into average loan size of Rs 52,700, an amount just too small to finance any scalable business model with employment generation potential, say experts.<br /><br />These figures cut to the heart of a debate over the government&rsquo;s assertion to count Mudra loan beneficiaries as employed.<br /><br />The loan scheme focuses on meeting the capital requirement of first-time women, Dalit entrepreneurs. A total of 12.61 crore Mudra loans have been sanctioned till May 3, 2018. Of these, applications for loans of more than Rs 5 lakh approved were just 17.57 lakh.<br /><br />Banks and microfinance institutions (MFIs) account for roughly 65% and 35% of lending under the Mudra scheme. Lending rose from Rs 1,32,954 crore in 2015-16 to Rs 2,46,437 crore in 2017-18 &ndash; an increase of over 85% .<br /><br />In the run-up to the 2014 general elections, Modi had promised to create jobs on the campaign trail. But he has largely changed tack after coming to power, saying that he wants to turn job-seeking youth into job-creators.<br /><br />But there is a catch &ndash; most self-employed people may not have full-time work and may be actually underemployed, according to economists.<br /><br />Labour economist Santosh Kumar Mehrotra told The Wire that with an average loan size of a little more than Rs 50,000, an individual cannot support himself with this measly amount, let alone employ others.<br /><br />Besides, the quality of these loans is somewhat risky given that they are allocated without any collateral, he added.<br /><br />However, unfazed by the criticism, the Modi government and BJP have strongly defended the changed narrative and hailed the success of Mudra scheme to prove their point. Although there is no official data on how many jobs have been created through the scheme, number of loan beneficiaries is often taken as jobs generated.<br /><br />Please <a href="https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality" title="https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality">click here</a> to read more. <br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$reasonPhrase = 'OK'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
Code Context
                    $value

                ), $first);

                $first = false;
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ef788815e2c-trace').style.display = (document.getElementById('cakeErr67ef788815e2c-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67ef788815e2c-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ef788815e2c-code').style.display = (document.getElementById('cakeErr67ef788815e2c-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ef788815e2c-context').style.display = (document.getElementById('cakeErr67ef788815e2c-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67ef788815e2c-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67ef788815e2c-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 36502,
		&#039;title&#039; =&gt; &#039;How Many Jobs Are Really Being Created by the Modi Govt&amp;#039;s Mudra Scheme? -Noor Mohammad&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-TheWire.in&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Figures highlighted in an RTI reply cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Struggling to deliver on the poll promise to create one crore jobs a year, the Narendra Modi government and the BJP may have found a face-saver in the flagship self-employment Mudra scheme, launched under the Pradhan Mantri Mudra Yojana (PMMY) in 2015.&lt;br /&gt;
&lt;br /&gt;
However, three years in, the scheme may not be a high job creator that it has been made out to be.&lt;br /&gt;
&lt;br /&gt;
The number of larger-sized loans &amp;ndash; of more than Rs 5 lakh &amp;ndash; that can create real jobs are just a tiny percentage, or 1.3%,of total loans disbursed under the scheme, reveals an RTI query .&lt;br /&gt;
&lt;br /&gt;
The figure has been disclosed by the department of financial services under the finance ministry in reply to a query from Chandan Kamhe, a Delhi-based RTI activist.&lt;br /&gt;
&lt;br /&gt;
The balance loans were in sizes of less than Rs 50,000 and of between Rs 50,000 and Rs 5 lakh.&lt;br /&gt;
&lt;br /&gt;
Specifically, Mudra loans worth Rs 2,53,677.10 crore to 4.81 crore beneficiaries were given in 2017-18, which translates into average loan size of Rs 52,700, an amount just too small to finance any scalable business model with employment generation potential, say experts.&lt;br /&gt;
&lt;br /&gt;
These figures cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.&lt;br /&gt;
&lt;br /&gt;
The loan scheme focuses on meeting the capital requirement of first-time women, Dalit entrepreneurs. A total of 12.61 crore Mudra loans have been sanctioned till May 3, 2018. Of these, applications for loans of more than Rs 5 lakh approved were just 17.57 lakh.&lt;br /&gt;
&lt;br /&gt;
Banks and microfinance institutions (MFIs) account for roughly 65% and 35% of lending under the Mudra scheme. Lending rose from Rs 1,32,954 crore in 2015-16 to Rs 2,46,437 crore in 2017-18 &amp;ndash; an increase of over 85% .&lt;br /&gt;
&lt;br /&gt;
In the run-up to the 2014 general elections, Modi had promised to create jobs on the campaign trail. But he has largely changed tack after coming to power, saying that he wants to turn job-seeking youth into job-creators.&lt;br /&gt;
&lt;br /&gt;
But there is a catch &amp;ndash; most self-employed people may not have full-time work and may be actually underemployed, according to economists.&lt;br /&gt;
&lt;br /&gt;
Labour economist Santosh Kumar Mehrotra told The Wire that with an average loan size of a little more than Rs 50,000, an individual cannot support himself with this measly amount, let alone employ others.&lt;br /&gt;
&lt;br /&gt;
Besides, the quality of these loans is somewhat risky given that they are allocated without any collateral, he added.&lt;br /&gt;
&lt;br /&gt;
However, unfazed by the criticism, the Modi government and BJP have strongly defended the changed narrative and hailed the success of Mudra scheme to prove their point. Although there is no official data on how many jobs have been created through the scheme, number of loan beneficiaries is often taken as jobs generated.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;TheWire.in, 14 May, 2018, https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;how-many-jobs-are-really-being-created-by-the-modi-govt039s-mudra-scheme-noor-mohammad-4684617&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4684617,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 36502,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | How Many Jobs Are Really Being Created by the Modi Govt&amp;#039;s Mudra Scheme? -Noor Mohammad&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;MUDRA Bank,MUDRA scheme,transparency,RTI Act,Right to Information,Right to Information (RTI),Right to Information Act,Pradhan Mantri Mudra Yojana (PMMY)&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
-TheWire.in

Figures highlighted in an RTI reply cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.

New Delhi: Struggling to deliver on the poll promise to create one crore jobs a year, the...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-TheWire.in&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Figures highlighted in an RTI reply cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;Struggling to deliver on the poll promise to create one crore jobs a year, the Narendra Modi government and the BJP may have found a face-saver in the flagship self-employment Mudra scheme, launched under the Pradhan Mantri Mudra Yojana (PMMY) in 2015.&lt;br /&gt;&lt;br /&gt;However, three years in, the scheme may not be a high job creator that it has been made out to be.&lt;br /&gt;&lt;br /&gt;The number of larger-sized loans &amp;ndash; of more than Rs 5 lakh &amp;ndash; that can create real jobs are just a tiny percentage, or 1.3%,of total loans disbursed under the scheme, reveals an RTI query .&lt;br /&gt;&lt;br /&gt;The figure has been disclosed by the department of financial services under the finance ministry in reply to a query from Chandan Kamhe, a Delhi-based RTI activist.&lt;br /&gt;&lt;br /&gt;The balance loans were in sizes of less than Rs 50,000 and of between Rs 50,000 and Rs 5 lakh.&lt;br /&gt;&lt;br /&gt;Specifically, Mudra loans worth Rs 2,53,677.10 crore to 4.81 crore beneficiaries were given in 2017-18, which translates into average loan size of Rs 52,700, an amount just too small to finance any scalable business model with employment generation potential, say experts.&lt;br /&gt;&lt;br /&gt;These figures cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.&lt;br /&gt;&lt;br /&gt;The loan scheme focuses on meeting the capital requirement of first-time women, Dalit entrepreneurs. A total of 12.61 crore Mudra loans have been sanctioned till May 3, 2018. Of these, applications for loans of more than Rs 5 lakh approved were just 17.57 lakh.&lt;br /&gt;&lt;br /&gt;Banks and microfinance institutions (MFIs) account for roughly 65% and 35% of lending under the Mudra scheme. Lending rose from Rs 1,32,954 crore in 2015-16 to Rs 2,46,437 crore in 2017-18 &amp;ndash; an increase of over 85% .&lt;br /&gt;&lt;br /&gt;In the run-up to the 2014 general elections, Modi had promised to create jobs on the campaign trail. But he has largely changed tack after coming to power, saying that he wants to turn job-seeking youth into job-creators.&lt;br /&gt;&lt;br /&gt;But there is a catch &amp;ndash; most self-employed people may not have full-time work and may be actually underemployed, according to economists.&lt;br /&gt;&lt;br /&gt;Labour economist Santosh Kumar Mehrotra told The Wire that with an average loan size of a little more than Rs 50,000, an individual cannot support himself with this measly amount, let alone employ others.&lt;br /&gt;&lt;br /&gt;Besides, the quality of these loans is somewhat risky given that they are allocated without any collateral, he added.&lt;br /&gt;&lt;br /&gt;However, unfazed by the criticism, the Modi government and BJP have strongly defended the changed narrative and hailed the success of Mudra scheme to prove their point. Although there is no official data on how many jobs have been created through the scheme, number of loan beneficiaries is often taken as jobs generated.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality&quot; title=&quot;https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 36502,
	&#039;title&#039; =&gt; &#039;How Many Jobs Are Really Being Created by the Modi Govt&amp;#039;s Mudra Scheme? -Noor Mohammad&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-TheWire.in&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Figures highlighted in an RTI reply cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Struggling to deliver on the poll promise to create one crore jobs a year, the Narendra Modi government and the BJP may have found a face-saver in the flagship self-employment Mudra scheme, launched under the Pradhan Mantri Mudra Yojana (PMMY) in 2015.&lt;br /&gt;
&lt;br /&gt;
However, three years in, the scheme may not be a high job creator that it has been made out to be.&lt;br /&gt;
&lt;br /&gt;
The number of larger-sized loans &amp;ndash; of more than Rs 5 lakh &amp;ndash; that can create real jobs are just a tiny percentage, or 1.3%,of total loans disbursed under the scheme, reveals an RTI query .&lt;br /&gt;
&lt;br /&gt;
The figure has been disclosed by the department of financial services under the finance ministry in reply to a query from Chandan Kamhe, a Delhi-based RTI activist.&lt;br /&gt;
&lt;br /&gt;
The balance loans were in sizes of less than Rs 50,000 and of between Rs 50,000 and Rs 5 lakh.&lt;br /&gt;
&lt;br /&gt;
Specifically, Mudra loans worth Rs 2,53,677.10 crore to 4.81 crore beneficiaries were given in 2017-18, which translates into average loan size of Rs 52,700, an amount just too small to finance any scalable business model with employment generation potential, say experts.&lt;br /&gt;
&lt;br /&gt;
These figures cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.&lt;br /&gt;
&lt;br /&gt;
The loan scheme focuses on meeting the capital requirement of first-time women, Dalit entrepreneurs. A total of 12.61 crore Mudra loans have been sanctioned till May 3, 2018. Of these, applications for loans of more than Rs 5 lakh approved were just 17.57 lakh.&lt;br /&gt;
&lt;br /&gt;
Banks and microfinance institutions (MFIs) account for roughly 65% and 35% of lending under the Mudra scheme. Lending rose from Rs 1,32,954 crore in 2015-16 to Rs 2,46,437 crore in 2017-18 &amp;ndash; an increase of over 85% .&lt;br /&gt;
&lt;br /&gt;
In the run-up to the 2014 general elections, Modi had promised to create jobs on the campaign trail. But he has largely changed tack after coming to power, saying that he wants to turn job-seeking youth into job-creators.&lt;br /&gt;
&lt;br /&gt;
But there is a catch &amp;ndash; most self-employed people may not have full-time work and may be actually underemployed, according to economists.&lt;br /&gt;
&lt;br /&gt;
Labour economist Santosh Kumar Mehrotra told The Wire that with an average loan size of a little more than Rs 50,000, an individual cannot support himself with this measly amount, let alone employ others.&lt;br /&gt;
&lt;br /&gt;
Besides, the quality of these loans is somewhat risky given that they are allocated without any collateral, he added.&lt;br /&gt;
&lt;br /&gt;
However, unfazed by the criticism, the Modi government and BJP have strongly defended the changed narrative and hailed the success of Mudra scheme to prove their point. Although there is no official data on how many jobs have been created through the scheme, number of loan beneficiaries is often taken as jobs generated.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;TheWire.in, 14 May, 2018, https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;how-many-jobs-are-really-being-created-by-the-modi-govt039s-mudra-scheme-noor-mohammad-4684617&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4684617,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {},
		(int) 5 =&gt; object(Cake\ORM\Entity) {},
		(int) 6 =&gt; object(Cake\ORM\Entity) {},
		(int) 7 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 36502
$metaTitle = &#039;LATEST NEWS UPDATES | How Many Jobs Are Really Being Created by the Modi Govt&amp;#039;s Mudra Scheme? -Noor Mohammad&#039;
$metaKeywords = &#039;MUDRA Bank,MUDRA scheme,transparency,RTI Act,Right to Information,Right to Information (RTI),Right to Information Act,Pradhan Mantri Mudra Yojana (PMMY)&#039;
$metaDesc = &#039;
-TheWire.in

Figures highlighted in an RTI reply cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.

New Delhi: Struggling to deliver on the poll promise to create one crore jobs a year, the...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-TheWire.in&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Figures highlighted in an RTI reply cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;Struggling to deliver on the poll promise to create one crore jobs a year, the Narendra Modi government and the BJP may have found a face-saver in the flagship self-employment Mudra scheme, launched under the Pradhan Mantri Mudra Yojana (PMMY) in 2015.&lt;br /&gt;&lt;br /&gt;However, three years in, the scheme may not be a high job creator that it has been made out to be.&lt;br /&gt;&lt;br /&gt;The number of larger-sized loans &amp;ndash; of more than Rs 5 lakh &amp;ndash; that can create real jobs are just a tiny percentage, or 1.3%,of total loans disbursed under the scheme, reveals an RTI query .&lt;br /&gt;&lt;br /&gt;The figure has been disclosed by the department of financial services under the finance ministry in reply to a query from Chandan Kamhe, a Delhi-based RTI activist.&lt;br /&gt;&lt;br /&gt;The balance loans were in sizes of less than Rs 50,000 and of between Rs 50,000 and Rs 5 lakh.&lt;br /&gt;&lt;br /&gt;Specifically, Mudra loans worth Rs 2,53,677.10 crore to 4.81 crore beneficiaries were given in 2017-18, which translates into average loan size of Rs 52,700, an amount just too small to finance any scalable business model with employment generation potential, say experts.&lt;br /&gt;&lt;br /&gt;These figures cut to the heart of a debate over the government&amp;rsquo;s assertion to count Mudra loan beneficiaries as employed.&lt;br /&gt;&lt;br /&gt;The loan scheme focuses on meeting the capital requirement of first-time women, Dalit entrepreneurs. A total of 12.61 crore Mudra loans have been sanctioned till May 3, 2018. Of these, applications for loans of more than Rs 5 lakh approved were just 17.57 lakh.&lt;br /&gt;&lt;br /&gt;Banks and microfinance institutions (MFIs) account for roughly 65% and 35% of lending under the Mudra scheme. Lending rose from Rs 1,32,954 crore in 2015-16 to Rs 2,46,437 crore in 2017-18 &amp;ndash; an increase of over 85% .&lt;br /&gt;&lt;br /&gt;In the run-up to the 2014 general elections, Modi had promised to create jobs on the campaign trail. But he has largely changed tack after coming to power, saying that he wants to turn job-seeking youth into job-creators.&lt;br /&gt;&lt;br /&gt;But there is a catch &amp;ndash; most self-employed people may not have full-time work and may be actually underemployed, according to economists.&lt;br /&gt;&lt;br /&gt;Labour economist Santosh Kumar Mehrotra told The Wire that with an average loan size of a little more than Rs 50,000, an individual cannot support himself with this measly amount, let alone employ others.&lt;br /&gt;&lt;br /&gt;Besides, the quality of these loans is somewhat risky given that they are allocated without any collateral, he added.&lt;br /&gt;&lt;br /&gt;However, unfazed by the criticism, the Modi government and BJP have strongly defended the changed narrative and hailed the success of Mudra scheme to prove their point. Although there is no official data on how many jobs have been created through the scheme, number of loan beneficiaries is often taken as jobs generated.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality&quot; title=&quot;https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/how-many-jobs-are-really-being-created-by-the-modi-govt039s-mudra-scheme-noor-mohammad-4684617.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | How Many Jobs Are Really Being Created by the Modi Govt&#039;s Mudra Scheme? -Noor Mohammad | Im4change.org</title>
    <meta name="description" content="
-TheWire.in

Figures highlighted in an RTI reply cut to the heart of a debate over the government&rsquo;s assertion to count Mudra loan beneficiaries as employed.

New Delhi: Struggling to deliver on the poll promise to create one crore jobs a year, the..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>How Many Jobs Are Really Being Created by the Modi Govt&#039;s Mudra Scheme? -Noor Mohammad</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">-TheWire.in<br /><br /><em>Figures highlighted in an RTI reply cut to the heart of a debate over the government&rsquo;s assertion to count Mudra loan beneficiaries as employed.<br /><br />New Delhi: </em>Struggling to deliver on the poll promise to create one crore jobs a year, the Narendra Modi government and the BJP may have found a face-saver in the flagship self-employment Mudra scheme, launched under the Pradhan Mantri Mudra Yojana (PMMY) in 2015.<br /><br />However, three years in, the scheme may not be a high job creator that it has been made out to be.<br /><br />The number of larger-sized loans &ndash; of more than Rs 5 lakh &ndash; that can create real jobs are just a tiny percentage, or 1.3%,of total loans disbursed under the scheme, reveals an RTI query .<br /><br />The figure has been disclosed by the department of financial services under the finance ministry in reply to a query from Chandan Kamhe, a Delhi-based RTI activist.<br /><br />The balance loans were in sizes of less than Rs 50,000 and of between Rs 50,000 and Rs 5 lakh.<br /><br />Specifically, Mudra loans worth Rs 2,53,677.10 crore to 4.81 crore beneficiaries were given in 2017-18, which translates into average loan size of Rs 52,700, an amount just too small to finance any scalable business model with employment generation potential, say experts.<br /><br />These figures cut to the heart of a debate over the government&rsquo;s assertion to count Mudra loan beneficiaries as employed.<br /><br />The loan scheme focuses on meeting the capital requirement of first-time women, Dalit entrepreneurs. A total of 12.61 crore Mudra loans have been sanctioned till May 3, 2018. Of these, applications for loans of more than Rs 5 lakh approved were just 17.57 lakh.<br /><br />Banks and microfinance institutions (MFIs) account for roughly 65% and 35% of lending under the Mudra scheme. Lending rose from Rs 1,32,954 crore in 2015-16 to Rs 2,46,437 crore in 2017-18 &ndash; an increase of over 85% .<br /><br />In the run-up to the 2014 general elections, Modi had promised to create jobs on the campaign trail. But he has largely changed tack after coming to power, saying that he wants to turn job-seeking youth into job-creators.<br /><br />But there is a catch &ndash; most self-employed people may not have full-time work and may be actually underemployed, according to economists.<br /><br />Labour economist Santosh Kumar Mehrotra told The Wire that with an average loan size of a little more than Rs 50,000, an individual cannot support himself with this measly amount, let alone employ others.<br /><br />Besides, the quality of these loans is somewhat risky given that they are allocated without any collateral, he added.<br /><br />However, unfazed by the criticism, the Modi government and BJP have strongly defended the changed narrative and hailed the success of Mudra scheme to prove their point. Although there is no official data on how many jobs have been created through the scheme, number of loan beneficiaries is often taken as jobs generated.<br /><br />Please <a href="https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality" title="https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality">click here</a> to read more. <br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$cookies = []
$values = [
	(int) 0 => 'text/html; charset=UTF-8'
]
$name = 'Content-Type'
$first = true
$value = 'text/html; charset=UTF-8'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

<head>

    <link rel="canonical" href="<?php echo Configure::read('SITE_URL'); ?><?php echo $urlPrefix;?><?php echo $article_current->category->slug; ?>/<?php echo $article_current->seo_url; ?>.html"/>

    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>

$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
	'article_current' => object(App\Model\Entity\Article) {

		'id' => (int) 36502,
		'title' => 'How Many Jobs Are Really Being Created by the Modi Govt's Mudra Scheme? -Noor Mohammad',
		'subheading' => '',
		'description' => '<div align="justify">
-TheWire.in<br />
<br />
<em>Figures highlighted in an RTI reply cut to the heart of a debate over the government&rsquo;s assertion to count Mudra loan beneficiaries as employed.<br />
<br />
New Delhi: </em>Struggling to deliver on the poll promise to create one crore jobs a year, the Narendra Modi government and the BJP may have found a face-saver in the flagship self-employment Mudra scheme, launched under the Pradhan Mantri Mudra Yojana (PMMY) in 2015.<br />
<br />
However, three years in, the scheme may not be a high job creator that it has been made out to be.<br />
<br />
The number of larger-sized loans &ndash; of more than Rs 5 lakh &ndash; that can create real jobs are just a tiny percentage, or 1.3%,of total loans disbursed under the scheme, reveals an RTI query .<br />
<br />
The figure has been disclosed by the department of financial services under the finance ministry in reply to a query from Chandan Kamhe, a Delhi-based RTI activist.<br />
<br />
The balance loans were in sizes of less than Rs 50,000 and of between Rs 50,000 and Rs 5 lakh.<br />
<br />
Specifically, Mudra loans worth Rs 2,53,677.10 crore to 4.81 crore beneficiaries were given in 2017-18, which translates into average loan size of Rs 52,700, an amount just too small to finance any scalable business model with employment generation potential, say experts.<br />
<br />
These figures cut to the heart of a debate over the government&rsquo;s assertion to count Mudra loan beneficiaries as employed.<br />
<br />
The loan scheme focuses on meeting the capital requirement of first-time women, Dalit entrepreneurs. A total of 12.61 crore Mudra loans have been sanctioned till May 3, 2018. Of these, applications for loans of more than Rs 5 lakh approved were just 17.57 lakh.<br />
<br />
Banks and microfinance institutions (MFIs) account for roughly 65% and 35% of lending under the Mudra scheme. Lending rose from Rs 1,32,954 crore in 2015-16 to Rs 2,46,437 crore in 2017-18 &ndash; an increase of over 85% .<br />
<br />
In the run-up to the 2014 general elections, Modi had promised to create jobs on the campaign trail. But he has largely changed tack after coming to power, saying that he wants to turn job-seeking youth into job-creators.<br />
<br />
But there is a catch &ndash; most self-employed people may not have full-time work and may be actually underemployed, according to economists.<br />
<br />
Labour economist Santosh Kumar Mehrotra told The Wire that with an average loan size of a little more than Rs 50,000, an individual cannot support himself with this measly amount, let alone employ others.<br />
<br />
Besides, the quality of these loans is somewhat risky given that they are allocated without any collateral, he added.<br />
<br />
However, unfazed by the criticism, the Modi government and BJP have strongly defended the changed narrative and hailed the success of Mudra scheme to prove their point. Although there is no official data on how many jobs have been created through the scheme, number of loan beneficiaries is often taken as jobs generated.<br />
<br />
Please <a href="https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality">click here</a> to read more. <br />
</div>',
		'credit_writer' => 'TheWire.in, 14 May, 2018, https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality',
		'article_img' => '',
		'article_img_thumb' => '',
		'status' => (int) 1,
		'show_on_home' => (int) 1,
		'lang' => 'EN',
		'category_id' => (int) 16,
		'tag_keyword' => '',
		'seo_url' => 'how-many-jobs-are-really-being-created-by-the-modi-govt039s-mudra-scheme-noor-mohammad-4684617',
		'meta_title' => null,
		'meta_keywords' => null,
		'meta_description' => null,
		'noindex' => (int) 0,
		'publish_date' => object(Cake\I18n\FrozenDate) {},
		'most_visit_section_id' => null,
		'article_big_img' => null,
		'liveid' => (int) 4684617,
		'created' => object(Cake\I18n\FrozenTime) {},
		'modified' => object(Cake\I18n\FrozenTime) {},
		'edate' => '',
		'tags' => [
			[maximum depth reached]
		],
		'category' => object(App\Model\Entity\Category) {},
		'[new]' => false,
		'[accessible]' => [
			[maximum depth reached]
		],
		'[dirty]' => [[maximum depth reached]],
		'[original]' => [[maximum depth reached]],
		'[virtual]' => [[maximum depth reached]],
		'[hasErrors]' => false,
		'[errors]' => [[maximum depth reached]],
		'[invalid]' => [[maximum depth reached]],
		'[repository]' => 'Articles'
	
	},
	'articleid' => (int) 36502,
	'metaTitle' => 'LATEST NEWS UPDATES | How Many Jobs Are Really Being Created by the Modi Govt&#039;s Mudra Scheme? -Noor Mohammad',
	'metaKeywords' => 'MUDRA Bank,MUDRA scheme,transparency,RTI Act,Right to Information,Right to Information (RTI),Right to Information Act,Pradhan Mantri Mudra Yojana (PMMY)',
	'metaDesc' => '
-TheWire.in

Figures highlighted in an RTI reply cut to the heart of a debate over the government&rsquo;s assertion to count Mudra loan beneficiaries as employed.

New Delhi: Struggling to deliver on the poll promise to create one crore jobs a year, the...',
	'disp' => '<div align="justify">-TheWire.in<br /><br /><em>Figures highlighted in an RTI reply cut to the heart of a debate over the government&rsquo;s assertion to count Mudra loan beneficiaries as employed.<br /><br />New Delhi: </em>Struggling to deliver on the poll promise to create one crore jobs a year, the Narendra Modi government and the BJP may have found a face-saver in the flagship self-employment Mudra scheme, launched under the Pradhan Mantri Mudra Yojana (PMMY) in 2015.<br /><br />However, three years in, the scheme may not be a high job creator that it has been made out to be.<br /><br />The number of larger-sized loans &ndash; of more than Rs 5 lakh &ndash; that can create real jobs are just a tiny percentage, or 1.3%,of total loans disbursed under the scheme, reveals an RTI query .<br /><br />The figure has been disclosed by the department of financial services under the finance ministry in reply to a query from Chandan Kamhe, a Delhi-based RTI activist.<br /><br />The balance loans were in sizes of less than Rs 50,000 and of between Rs 50,000 and Rs 5 lakh.<br /><br />Specifically, Mudra loans worth Rs 2,53,677.10 crore to 4.81 crore beneficiaries were given in 2017-18, which translates into average loan size of Rs 52,700, an amount just too small to finance any scalable business model with employment generation potential, say experts.<br /><br />These figures cut to the heart of a debate over the government&rsquo;s assertion to count Mudra loan beneficiaries as employed.<br /><br />The loan scheme focuses on meeting the capital requirement of first-time women, Dalit entrepreneurs. A total of 12.61 crore Mudra loans have been sanctioned till May 3, 2018. Of these, applications for loans of more than Rs 5 lakh approved were just 17.57 lakh.<br /><br />Banks and microfinance institutions (MFIs) account for roughly 65% and 35% of lending under the Mudra scheme. Lending rose from Rs 1,32,954 crore in 2015-16 to Rs 2,46,437 crore in 2017-18 &ndash; an increase of over 85% .<br /><br />In the run-up to the 2014 general elections, Modi had promised to create jobs on the campaign trail. But he has largely changed tack after coming to power, saying that he wants to turn job-seeking youth into job-creators.<br /><br />But there is a catch &ndash; most self-employed people may not have full-time work and may be actually underemployed, according to economists.<br /><br />Labour economist Santosh Kumar Mehrotra told The Wire that with an average loan size of a little more than Rs 50,000, an individual cannot support himself with this measly amount, let alone employ others.<br /><br />Besides, the quality of these loans is somewhat risky given that they are allocated without any collateral, he added.<br /><br />However, unfazed by the criticism, the Modi government and BJP have strongly defended the changed narrative and hailed the success of Mudra scheme to prove their point. Although there is no official data on how many jobs have been created through the scheme, number of loan beneficiaries is often taken as jobs generated.<br /><br />Please <a href="https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality" title="https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality">click here</a> to read more. <br /></div>',
	'lang' => 'English',
	'SITE_URL' => 'https://im4change.in/',
	'site_title' => 'im4change',
	'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {

	'id' => (int) 36502,
	'title' => 'How Many Jobs Are Really Being Created by the Modi Govt&#039;s Mudra Scheme? -Noor Mohammad',
	'subheading' => '',
	'description' => '<div align="justify">
-TheWire.in<br />
<br />
<em>Figures highlighted in an RTI reply cut to the heart of a debate over the government&rsquo;s assertion to count Mudra loan beneficiaries as employed.<br />
<br />
New Delhi: </em>Struggling to deliver on the poll promise to create one crore jobs a year, the Narendra Modi government and the BJP may have found a face-saver in the flagship self-employment Mudra scheme, launched under the Pradhan Mantri Mudra Yojana (PMMY) in 2015.<br />
<br />
However, three years in, the scheme may not be a high job creator that it has been made out to be.<br />
<br />
The number of larger-sized loans &ndash; of more than Rs 5 lakh &ndash; that can create real jobs are just a tiny percentage, or 1.3%,of total loans disbursed under the scheme, reveals an RTI query .<br />
<br />
The figure has been disclosed by the department of financial services under the finance ministry in reply to a query from Chandan Kamhe, a Delhi-based RTI activist.<br />
<br />
The balance loans were in sizes of less than Rs 50,000 and of between Rs 50,000 and Rs 5 lakh.<br />
<br />
Specifically, Mudra loans worth Rs 2,53,677.10 crore to 4.81 crore beneficiaries were given in 2017-18, which translates into average loan size of Rs 52,700, an amount just too small to finance any scalable business model with employment generation potential, say experts.<br />
<br />
These figures cut to the heart of a debate over the government&rsquo;s assertion to count Mudra loan beneficiaries as employed.<br />
<br />
The loan scheme focuses on meeting the capital requirement of first-time women, Dalit entrepreneurs. A total of 12.61 crore Mudra loans have been sanctioned till May 3, 2018. Of these, applications for loans of more than Rs 5 lakh approved were just 17.57 lakh.<br />
<br />
Banks and microfinance institutions (MFIs) account for roughly 65% and 35% of lending under the Mudra scheme. Lending rose from Rs 1,32,954 crore in 2015-16 to Rs 2,46,437 crore in 2017-18 &ndash; an increase of over 85% .<br />
<br />
In the run-up to the 2014 general elections, Modi had promised to create jobs on the campaign trail. But he has largely changed tack after coming to power, saying that he wants to turn job-seeking youth into job-creators.<br />
<br />
But there is a catch &ndash; most self-employed people may not have full-time work and may be actually underemployed, according to economists.<br />
<br />
Labour economist Santosh Kumar Mehrotra told The Wire that with an average loan size of a little more than Rs 50,000, an individual cannot support himself with this measly amount, let alone employ others.<br />
<br />
Besides, the quality of these loans is somewhat risky given that they are allocated without any collateral, he added.<br />
<br />
However, unfazed by the criticism, the Modi government and BJP have strongly defended the changed narrative and hailed the success of Mudra scheme to prove their point. Although there is no official data on how many jobs have been created through the scheme, number of loan beneficiaries is often taken as jobs generated.<br />
<br />
Please <a href="https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality">click here</a> to read more. <br />
</div>',
	'credit_writer' => 'TheWire.in, 14 May, 2018, https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality',
	'article_img' => '',
	'article_img_thumb' => '',
	'status' => (int) 1,
	'show_on_home' => (int) 1,
	'lang' => 'EN',
	'category_id' => (int) 16,
	'tag_keyword' => '',
	'seo_url' => 'how-many-jobs-are-really-being-created-by-the-modi-govt039s-mudra-scheme-noor-mohammad-4684617',
	'meta_title' => null,
	'meta_keywords' => null,
	'meta_description' => null,
	'noindex' => (int) 0,
	'publish_date' => object(Cake\I18n\FrozenDate) {},
	'most_visit_section_id' => null,
	'article_big_img' => null,
	'liveid' => (int) 4684617,
	'created' => object(Cake\I18n\FrozenTime) {},
	'modified' => object(Cake\I18n\FrozenTime) {},
	'edate' => '',
	'tags' => [
		(int) 0 => object(Cake\ORM\Entity) {},
		(int) 1 => object(Cake\ORM\Entity) {},
		(int) 2 => object(Cake\ORM\Entity) {},
		(int) 3 => object(Cake\ORM\Entity) {},
		(int) 4 => object(Cake\ORM\Entity) {},
		(int) 5 => object(Cake\ORM\Entity) {},
		(int) 6 => object(Cake\ORM\Entity) {},
		(int) 7 => object(Cake\ORM\Entity) {}
	],
	'category' => object(App\Model\Entity\Category) {},
	'[new]' => false,
	'[accessible]' => [
		'*' => true,
		'id' => false
	],
	'[dirty]' => [],
	'[original]' => [],
	'[virtual]' => [],
	'[hasErrors]' => false,
	'[errors]' => [],
	'[invalid]' => [],
	'[repository]' => 'Articles'

}
$articleid = (int) 36502
$metaTitle = 'LATEST NEWS UPDATES | How Many Jobs Are Really Being Created by the Modi Govt&#039;s Mudra Scheme? -Noor Mohammad'
$metaKeywords = 'MUDRA Bank,MUDRA scheme,transparency,RTI Act,Right to Information,Right to Information (RTI),Right to Information Act,Pradhan Mantri Mudra Yojana (PMMY)'
$metaDesc = '
-TheWire.in

Figures highlighted in an RTI reply cut to the heart of a debate over the government&rsquo;s assertion to count Mudra loan beneficiaries as employed.

New Delhi: Struggling to deliver on the poll promise to create one crore jobs a year, the...'
$disp = '<div align="justify">-TheWire.in<br /><br /><em>Figures highlighted in an RTI reply cut to the heart of a debate over the government&rsquo;s assertion to count Mudra loan beneficiaries as employed.<br /><br />New Delhi: </em>Struggling to deliver on the poll promise to create one crore jobs a year, the Narendra Modi government and the BJP may have found a face-saver in the flagship self-employment Mudra scheme, launched under the Pradhan Mantri Mudra Yojana (PMMY) in 2015.<br /><br />However, three years in, the scheme may not be a high job creator that it has been made out to be.<br /><br />The number of larger-sized loans &ndash; of more than Rs 5 lakh &ndash; that can create real jobs are just a tiny percentage, or 1.3%,of total loans disbursed under the scheme, reveals an RTI query .<br /><br />The figure has been disclosed by the department of financial services under the finance ministry in reply to a query from Chandan Kamhe, a Delhi-based RTI activist.<br /><br />The balance loans were in sizes of less than Rs 50,000 and of between Rs 50,000 and Rs 5 lakh.<br /><br />Specifically, Mudra loans worth Rs 2,53,677.10 crore to 4.81 crore beneficiaries were given in 2017-18, which translates into average loan size of Rs 52,700, an amount just too small to finance any scalable business model with employment generation potential, say experts.<br /><br />These figures cut to the heart of a debate over the government&rsquo;s assertion to count Mudra loan beneficiaries as employed.<br /><br />The loan scheme focuses on meeting the capital requirement of first-time women, Dalit entrepreneurs. A total of 12.61 crore Mudra loans have been sanctioned till May 3, 2018. Of these, applications for loans of more than Rs 5 lakh approved were just 17.57 lakh.<br /><br />Banks and microfinance institutions (MFIs) account for roughly 65% and 35% of lending under the Mudra scheme. Lending rose from Rs 1,32,954 crore in 2015-16 to Rs 2,46,437 crore in 2017-18 &ndash; an increase of over 85% .<br /><br />In the run-up to the 2014 general elections, Modi had promised to create jobs on the campaign trail. But he has largely changed tack after coming to power, saying that he wants to turn job-seeking youth into job-creators.<br /><br />But there is a catch &ndash; most self-employed people may not have full-time work and may be actually underemployed, according to economists.<br /><br />Labour economist Santosh Kumar Mehrotra told The Wire that with an average loan size of a little more than Rs 50,000, an individual cannot support himself with this measly amount, let alone employ others.<br /><br />Besides, the quality of these loans is somewhat risky given that they are allocated without any collateral, he added.<br /><br />However, unfazed by the criticism, the Modi government and BJP have strongly defended the changed narrative and hailed the success of Mudra scheme to prove their point. Although there is no official data on how many jobs have been created through the scheme, number of loan beneficiaries is often taken as jobs generated.<br /><br />Please <a href="https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality" title="https://thewire.in/labour/modi-mudra-loan-scheme-job-creation-reality">click here</a> to read more. <br /></div>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'

include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51

How Many Jobs Are Really Being Created by the Modi Govt's Mudra Scheme? -Noor Mohammad

-TheWire.in Figures highlighted in an RTI reply cut to the heart of a debate over the government’s assertion to count Mudra loan beneficiaries as employed. New Delhi: Struggling to deliver on the poll promise to create one crore jobs a year, the Narendra Modi government and the BJP may have found a face-saver in the flagship self-employment Mudra scheme, launched under the Pradhan Mantri Mudra Yojana (PMMY) in 2015. However, three years in, the scheme may not be a high job creator that it has been made out to be. The number of larger-sized loans – of more than Rs 5 lakh – that can create real jobs are just a tiny percentage, or 1.3%,of total loans disbursed under the scheme, reveals an RTI query . The figure has been disclosed by the department of financial services under the finance ministry in reply to a query from Chandan Kamhe, a Delhi-based RTI activist. The balance loans were in sizes of less than Rs 50,000 and of between Rs 50,000 and Rs 5 lakh. Specifically, Mudra loans worth Rs 2,53,677.10 crore to 4.81 crore beneficiaries were given in 2017-18, which translates into average loan size of Rs 52,700, an amount just too small to finance any scalable business model with employment generation potential, say experts. These figures cut to the heart of a debate over the government’s assertion to count Mudra loan beneficiaries as employed. The loan scheme focuses on meeting the capital requirement of first-time women, Dalit entrepreneurs. A total of 12.61 crore Mudra loans have been sanctioned till May 3, 2018. Of these, applications for loans of more than Rs 5 lakh approved were just 17.57 lakh. Banks and microfinance institutions (MFIs) account for roughly 65% and 35% of lending under the Mudra scheme. Lending rose from Rs 1,32,954 crore in 2015-16 to Rs 2,46,437 crore in 2017-18 – an increase of over 85% . In the run-up to the 2014 general elections, Modi had promised to create jobs on the campaign trail. But he has largely changed tack after coming to power, saying that he wants to turn job-seeking youth into job-creators. But there is a catch – most self-employed people may not have full-time work and may be actually underemployed, according to economists. Labour economist Santosh Kumar Mehrotra told The Wire that with an average loan size of a little more than Rs 50,000, an individual cannot support himself with this measly amount, let alone employ others. Besides, the quality of these loans is somewhat risky given that they are allocated without any collateral, he added. However, unfazed by the criticism, the Modi government and BJP have strongly defended the changed narrative and hailed the success of Mudra scheme to prove their point. Although there is no official data on how many jobs have been created through the scheme, number of loan beneficiaries is often taken as jobs generated. Please click here to read more.