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
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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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 | Only 3% Mudra loans can generate monthly income of more than 10,000 -Prasanna Mohanty    </title>
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-India Today

The Narendra Modi government has claimed that its flagship Mudra loan scheme is generating employment. But, data shows a miniscule number of Mudra loans generate a return that satisfies even the minimum wage requirement.

* The Modi-led govt has been..."/>
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-India Today

The Narendra Modi government has claimed that its flagship Mudra loan scheme is generating employment. But, data shows a miniscule number of Mudra loans generate a return that satisfies even the minimum wage requirement.

* The Modi-led govt has been..." />
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    <h1 class="cat-box-title">Only 3% Mudra loans can generate monthly income of more than 10,000 -Prasanna Mohanty</h1>
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                            <div align="justify">-India Today<br /><br /><em>The Narendra Modi government has claimed that its flagship Mudra loan scheme is generating employment. But, data shows a miniscule number of Mudra loans generate a return that satisfies even the minimum wage requirement.<br /><br /></em>* The Modi-led govt has been showcasing the Mudra loan scheme to claim that millions of jobs are being created<br />* There is no official data available on the number of jobs created due to the Mudra loan scheme<br />* An examination reveals that only 3% of Mudra loans can generate a return, or income, that satisfies the minimum wage requirement<br /><br />Confronted with widespread criticism of growing unemployment and jobless growth, the Narendra Modi-led central government has been showcasing the Mudra loan scheme to claim that millions of jobs are being created. No less than Prime Minister Narendra Modi himself declared in his address to the nation last Independence Day that Mudra loans had been given to 130 million people, of which 40 million were first timers. He had said that the &quot;the initiative has helped multiply jobs&quot;.<br /><br />Closer examination of Mudra, however, presents a different picture.<br /><br />There is no official data available on the number of jobs created due to the Mudra loan scheme. However, an examination of the type and number of loans given out reveals that only three per cent of Mudra loans generate a return, or income, that satisfies the minimum wage requirement.<br /><br />The examination also reveals that credit flow to the MSMEs (medium, small and micro enterprises)-the primary objective of Mudra scheme- remains below par.<br /><br />Not just that, a significant chunk of Mudra funds (about 40 per cent) remains idle. Worse, economists and bankers, including former RBI Governor Raghuram Rajan, have warned that Mudra loans could be the source of the next non-performing assets (NPA) crisis.<br /><br />Please <a href="https://www.indiatoday.in/amp/india/story/only-3-mudra-loans-can-generate-monthly-income-of-more-than-10-000-1441470-2019-01-29?__twitter_impression=true&amp;fbclid=IwAR0JKd_x5hCiNStv2hM8GqijADPzZ5KsTas-r7X6y_5FWyVbywyuwcvr1pw" title="https://www.indiatoday.in/amp/india/story/only-3-mudra-loans-can-generate-monthly-income-of-more-than-10-000-1441470-2019-01-29?__twitter_impression=true&amp;fbclid=IwAR0JKd_x5hCiNStv2hM8GqijADPzZ5KsTas-r7X6y_5FWyVbywyuwcvr1pw">click here</a> to read more.</div>                                                           
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The Narendra Modi government has claimed that its flagship Mudra loan scheme is generating employment. But, data shows a miniscule number of Mudra loans generate a return that satisfies even the minimum wage requirement.

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    <h1 class="cat-box-title">Only 3% Mudra loans can generate monthly income of more than 10,000 -Prasanna Mohanty</h1>
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                            <div align="justify">-India Today<br /><br /><em>The Narendra Modi government has claimed that its flagship Mudra loan scheme is generating employment. But, data shows a miniscule number of Mudra loans generate a return that satisfies even the minimum wage requirement.<br /><br /></em>* The Modi-led govt has been showcasing the Mudra loan scheme to claim that millions of jobs are being created<br />* There is no official data available on the number of jobs created due to the Mudra loan scheme<br />* An examination reveals that only 3% of Mudra loans can generate a return, or income, that satisfies the minimum wage requirement<br /><br />Confronted with widespread criticism of growing unemployment and jobless growth, the Narendra Modi-led central government has been showcasing the Mudra loan scheme to claim that millions of jobs are being created. No less than Prime Minister Narendra Modi himself declared in his address to the nation last Independence Day that Mudra loans had been given to 130 million people, of which 40 million were first timers. He had said that the &quot;the initiative has helped multiply jobs&quot;.<br /><br />Closer examination of Mudra, however, presents a different picture.<br /><br />There is no official data available on the number of jobs created due to the Mudra loan scheme. However, an examination of the type and number of loans given out reveals that only three per cent of Mudra loans generate a return, or income, that satisfies the minimum wage requirement.<br /><br />The examination also reveals that credit flow to the MSMEs (medium, small and micro enterprises)-the primary objective of Mudra scheme- remains below par.<br /><br />Not just that, a significant chunk of Mudra funds (about 40 per cent) remains idle. Worse, economists and bankers, including former RBI Governor Raghuram Rajan, have warned that Mudra loans could be the source of the next non-performing assets (NPA) crisis.<br /><br />Please <a href="https://www.indiatoday.in/amp/india/story/only-3-mudra-loans-can-generate-monthly-income-of-more-than-10-000-1441470-2019-01-29?__twitter_impression=true&amp;fbclid=IwAR0JKd_x5hCiNStv2hM8GqijADPzZ5KsTas-r7X6y_5FWyVbywyuwcvr1pw" title="https://www.indiatoday.in/amp/india/story/only-3-mudra-loans-can-generate-monthly-income-of-more-than-10-000-1441470-2019-01-29?__twitter_impression=true&amp;fbclid=IwAR0JKd_x5hCiNStv2hM8GqijADPzZ5KsTas-r7X6y_5FWyVbywyuwcvr1pw">click here</a> to read more.</div>                                                           
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    <br><a href="https://www.indiatoday.in/amp/india/story/only-3-mudra-loans-can-generate-monthly-income-of-more-than-10-000-1441470-2019-01-29?__twitter_impression=true&amp;fbclid=IwAR" class="re" target="_blank">India Today, 29 January, 2019, https://www.indiatoday.in/amp/india/story/only-3-mudra-loans-can-generate-monthly-income-of-more-than-10-000-1441470-2019-01-29?__twitter_impression=true&amp;fbclid=IwAR</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Only 3% Mudra loans can generate monthly income of more than 10,000 -Prasanna Mohanty    </title>
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-India Today

The Narendra Modi government has claimed that its flagship Mudra loan scheme is generating employment. But, data shows a miniscule number of Mudra loans generate a return that satisfies even the minimum wage requirement.

* The Modi-led govt has been..."/>
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The Narendra Modi government has claimed that its flagship Mudra loan scheme is generating employment. But, data shows a miniscule number of Mudra loans generate a return that satisfies even the minimum wage requirement.

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                            <div align="justify">-India Today<br /><br /><em>The Narendra Modi government has claimed that its flagship Mudra loan scheme is generating employment. But, data shows a miniscule number of Mudra loans generate a return that satisfies even the minimum wage requirement.<br /><br /></em>* The Modi-led govt has been showcasing the Mudra loan scheme to claim that millions of jobs are being created<br />* There is no official data available on the number of jobs created due to the Mudra loan scheme<br />* An examination reveals that only 3% of Mudra loans can generate a return, or income, that satisfies the minimum wage requirement<br /><br />Confronted with widespread criticism of growing unemployment and jobless growth, the Narendra Modi-led central government has been showcasing the Mudra loan scheme to claim that millions of jobs are being created. No less than Prime Minister Narendra Modi himself declared in his address to the nation last Independence Day that Mudra loans had been given to 130 million people, of which 40 million were first timers. He had said that the &quot;the initiative has helped multiply jobs&quot;.<br /><br />Closer examination of Mudra, however, presents a different picture.<br /><br />There is no official data available on the number of jobs created due to the Mudra loan scheme. However, an examination of the type and number of loans given out reveals that only three per cent of Mudra loans generate a return, or income, that satisfies the minimum wage requirement.<br /><br />The examination also reveals that credit flow to the MSMEs (medium, small and micro enterprises)-the primary objective of Mudra scheme- remains below par.<br /><br />Not just that, a significant chunk of Mudra funds (about 40 per cent) remains idle. Worse, economists and bankers, including former RBI Governor Raghuram Rajan, have warned that Mudra loans could be the source of the next non-performing assets (NPA) crisis.<br /><br />Please <a href="https://www.indiatoday.in/amp/india/story/only-3-mudra-loans-can-generate-monthly-income-of-more-than-10-000-1441470-2019-01-29?__twitter_impression=true&amp;fbclid=IwAR0JKd_x5hCiNStv2hM8GqijADPzZ5KsTas-r7X6y_5FWyVbywyuwcvr1pw" title="https://www.indiatoday.in/amp/india/story/only-3-mudra-loans-can-generate-monthly-income-of-more-than-10-000-1441470-2019-01-29?__twitter_impression=true&amp;fbclid=IwAR0JKd_x5hCiNStv2hM8GqijADPzZ5KsTas-r7X6y_5FWyVbywyuwcvr1pw">click here</a> to read more.</div>                                                           
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Only 3% Mudra loans can generate monthly income of more than 10,000 -Prasanna Mohanty

Published on Feb 4, 2019   Modified on Feb 4, 2019

-India Today The Narendra Modi government has claimed that its flagship Mudra loan scheme is generating employment. But, data shows a miniscule number of Mudra loans generate a return that satisfies even the minimum wage requirement. * The Modi-led govt has been showcasing the Mudra loan scheme to claim that millions of jobs are being created * There is no official data available on the number of jobs created due to the Mudra loan scheme * An examination reveals that only 3% of Mudra loans can generate a return, or income, that satisfies the minimum wage requirement Confronted with widespread criticism of growing unemployment and jobless growth, the Narendra Modi-led central government has been showcasing the Mudra loan scheme to claim that millions of jobs are being created. No less than Prime Minister Narendra Modi himself declared in his address to the nation last Independence Day that Mudra loans had been given to 130 million people, of which 40 million were first timers. He had said that the "the initiative has helped multiply jobs". Closer examination of Mudra, however, presents a different picture. There is no official data available on the number of jobs created due to the Mudra loan scheme. However, an examination of the type and number of loans given out reveals that only three per cent of Mudra loans generate a return, or income, that satisfies the minimum wage requirement. The examination also reveals that credit flow to the MSMEs (medium, small and micro enterprises)-the primary objective of Mudra scheme- remains below par. Not just that, a significant chunk of Mudra funds (about 40 per cent) remains idle. Worse, economists and bankers, including former RBI Governor Raghuram Rajan, have warned that Mudra loans could be the source of the next non-performing assets (NPA) crisis. Please click here to read more.

India Today, 29 January, 2019, https://www.indiatoday.in/amp/india/story/only-3-mudra-loans-can-generate-monthly-income-of-more-than-10-000-1441470-2019-01-29?__twitter_impression=true&fbclid=IwAR

Tagged with: Non-Performing Assets NPAs MUDRA (Micro Units Refinance and Development Agency) MUDRA Bank Mudra loans MUDRA scheme Employment Generation Job Creation

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