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: 150
 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);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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 97
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: 151
 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);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
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 97
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 {
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        LATEST NEWS UPDATES | MUDRA loans is another crisis in the making, says Raghuram Rajan -Raghuvir Srinivasan    </title>
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-The Hindu

Flags risks in MUDRA, Kisan credit card loans in his report to MPs&rsquo; panel

New Delhi: Former RBI Governor Raghuram Rajan has cautioned that the next crisis in India&rsquo;s banking sector could come from loans given to the unorganised micro..."/>
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-The Hindu

Flags risks in MUDRA, Kisan credit card loans in his report to MPs&rsquo; panel

New Delhi: Former RBI Governor Raghuram Rajan has cautioned that the next crisis in India&rsquo;s banking sector could come from loans given to the unorganised micro..." />
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                            <div align="justify">-The Hindu<br /><br /><em>Flags risks in MUDRA, Kisan credit card loans in his report to MPs&rsquo; panel<br /><br />New Delhi: </em>Former RBI Governor Raghuram Rajan has cautioned that the next crisis in India&rsquo;s banking sector could come from loans given to the unorganised micro and small businesses, called MUDRA loans, and credit extended through the Kisan credit card.<br /><br />MUDRA loans are offered under the Prime Minister Mudra Yojana or PMMY, launched in 2015 by the NDA government.<br /><br />A total of ?6.37 lakh crore has been disbursed under the scheme by public and private sector banks, regional rural banks and micro-finance institutions till date, as per data from the Micro Units Development and Refinance Agency (MUDRA) website.<br /><br />In a note on bank non-performing assets (NPAs) prepared at the request of Murli Manohar Joshi, Chairman of the Parliament Estimates Committee, Dr. Rajan said the government should refrain from setting ambitious credit targets or from waiving loans.<br /><br />&ldquo;Both MUDRA loans as well as the Kisan Credit Card, while popular, have to be examined more closely for potential credit risk,&rdquo; Dr. Rajan wrote in his 17-page note.<br /><br />He also flagged the Credit Guarantee Scheme for MSMEs, run by the Small Industries Development Bank of India, calling it &ldquo;a growing contingent liability&rdquo; that needs to be examined with urgency. Dr. Rajan urged political parties to agree on not waiving farm loans<br /><br />He pointed out that most of the bad loans were created during 2006-08, a period that coincides with the first term of the UPA. &ldquo;A large number of bad loans originated in the period 2006-2008 when economic growth was strong... it is at such times that banks make mistakes,&rdquo; he wrote.<br /><br />Please <a href="https://www.thehindu.com/business/Economy/raghuram-rajan-blames-over-optimistic-bankers-growth-slowdown-for-bad-loans/article24925803.ece?homepage=true" title="https://www.thehindu.com/business/Economy/raghuram-rajan-blames-over-optimistic-bankers-growth-slowdown-for-bad-loans/article24925803.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-The Hindu<br /><br /><em>Flags risks in MUDRA, Kisan credit card loans in his report to MPs&rsquo; panel<br /><br />New Delhi: </em>Former RBI Governor Raghuram Rajan has cautioned that the next crisis in India&rsquo;s banking sector could come from loans given to the unorganised micro and small businesses, called MUDRA loans, and credit extended through the Kisan credit card.<br /><br />MUDRA loans are offered under the Prime Minister Mudra Yojana or PMMY, launched in 2015 by the NDA government.<br /><br />A total of ?6.37 lakh crore has been disbursed under the scheme by public and private sector banks, regional rural banks and micro-finance institutions till date, as per data from the Micro Units Development and Refinance Agency (MUDRA) website.<br /><br />In a note on bank non-performing assets (NPAs) prepared at the request of Murli Manohar Joshi, Chairman of the Parliament Estimates Committee, Dr. Rajan said the government should refrain from setting ambitious credit targets or from waiving loans.<br /><br />&ldquo;Both MUDRA loans as well as the Kisan Credit Card, while popular, have to be examined more closely for potential credit risk,&rdquo; Dr. Rajan wrote in his 17-page note.<br /><br />He also flagged the Credit Guarantee Scheme for MSMEs, run by the Small Industries Development Bank of India, calling it &ldquo;a growing contingent liability&rdquo; that needs to be examined with urgency. Dr. Rajan urged political parties to agree on not waiving farm loans<br /><br />He pointed out that most of the bad loans were created during 2006-08, a period that coincides with the first term of the UPA. &ldquo;A large number of bad loans originated in the period 2006-2008 when economic growth was strong... it is at such times that banks make mistakes,&rdquo; he wrote.<br /><br />Please <a href="https://www.thehindu.com/business/Economy/raghuram-rajan-blames-over-optimistic-bankers-growth-slowdown-for-bad-loans/article24925803.ece?homepage=true" title="https://www.thehindu.com/business/Economy/raghuram-rajan-blames-over-optimistic-bankers-growth-slowdown-for-bad-loans/article24925803.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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Flags risks in MUDRA, Kisan credit card loans in his report to MPs&rsquo; panel

New Delhi: Former RBI Governor Raghuram Rajan has cautioned that the next crisis in India&rsquo;s banking sector could come from loans given to the unorganised micro..." />
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    <h1 class="cat-box-title">MUDRA loans is another crisis in the making, says Raghuram Rajan -Raghuvir Srinivasan</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>Flags risks in MUDRA, Kisan credit card loans in his report to MPs&rsquo; panel<br /><br />New Delhi: </em>Former RBI Governor Raghuram Rajan has cautioned that the next crisis in India&rsquo;s banking sector could come from loans given to the unorganised micro and small businesses, called MUDRA loans, and credit extended through the Kisan credit card.<br /><br />MUDRA loans are offered under the Prime Minister Mudra Yojana or PMMY, launched in 2015 by the NDA government.<br /><br />A total of ?6.37 lakh crore has been disbursed under the scheme by public and private sector banks, regional rural banks and micro-finance institutions till date, as per data from the Micro Units Development and Refinance Agency (MUDRA) website.<br /><br />In a note on bank non-performing assets (NPAs) prepared at the request of Murli Manohar Joshi, Chairman of the Parliament Estimates Committee, Dr. Rajan said the government should refrain from setting ambitious credit targets or from waiving loans.<br /><br />&ldquo;Both MUDRA loans as well as the Kisan Credit Card, while popular, have to be examined more closely for potential credit risk,&rdquo; Dr. Rajan wrote in his 17-page note.<br /><br />He also flagged the Credit Guarantee Scheme for MSMEs, run by the Small Industries Development Bank of India, calling it &ldquo;a growing contingent liability&rdquo; that needs to be examined with urgency. Dr. Rajan urged political parties to agree on not waiving farm loans<br /><br />He pointed out that most of the bad loans were created during 2006-08, a period that coincides with the first term of the UPA. &ldquo;A large number of bad loans originated in the period 2006-2008 when economic growth was strong... it is at such times that banks make mistakes,&rdquo; he wrote.<br /><br />Please <a href="https://www.thehindu.com/business/Economy/raghuram-rajan-blames-over-optimistic-bankers-growth-slowdown-for-bad-loans/article24925803.ece?homepage=true" title="https://www.thehindu.com/business/Economy/raghuram-rajan-blames-over-optimistic-bankers-growth-slowdown-for-bad-loans/article24925803.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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MUDRA loans is another crisis in the making, says Raghuram Rajan -Raghuvir Srinivasan

Published on Sep 12, 2018   Modified on Sep 12, 2018

-The Hindu Flags risks in MUDRA, Kisan credit card loans in his report to MPs’ panel New Delhi: Former RBI Governor Raghuram Rajan has cautioned that the next crisis in India’s banking sector could come from loans given to the unorganised micro and small businesses, called MUDRA loans, and credit extended through the Kisan credit card. MUDRA loans are offered under the Prime Minister Mudra Yojana or PMMY, launched in 2015 by the NDA government. A total of ?6.37 lakh crore has been disbursed under the scheme by public and private sector banks, regional rural banks and micro-finance institutions till date, as per data from the Micro Units Development and Refinance Agency (MUDRA) website. In a note on bank non-performing assets (NPAs) prepared at the request of Murli Manohar Joshi, Chairman of the Parliament Estimates Committee, Dr. Rajan said the government should refrain from setting ambitious credit targets or from waiving loans. “Both MUDRA loans as well as the Kisan Credit Card, while popular, have to be examined more closely for potential credit risk,” Dr. Rajan wrote in his 17-page note. He also flagged the Credit Guarantee Scheme for MSMEs, run by the Small Industries Development Bank of India, calling it “a growing contingent liability” that needs to be examined with urgency. Dr. Rajan urged political parties to agree on not waiving farm loans He pointed out that most of the bad loans were created during 2006-08, a period that coincides with the first term of the UPA. “A large number of bad loans originated in the period 2006-2008 when economic growth was strong... it is at such times that banks make mistakes,” he wrote. Please click here to read more.

The Hindu, 11 September, 2018, https://www.thehindu.com/business/Economy/raghuram-rajan-blames-over-optimistic-bankers-growth-slowdown-for-bad-loans/article24925803.ece?homepage=true

Tagged with: Mudra loans micro small and medium enterprises (msmes) Non-Performing Assets Non-Performing Assets (NPAs) msmes

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