-NDTV.com One of the biggest roadblocks in providing adequate and timely funds to MSMEs is the non-availability of reliable and consolidated data about them Though government runs a host of schemes to support micro small and medium enterprises (MSMEs), which have faced the maximum brunt of the Coronavirus-induced lockdown in 2020, providing them timely and adequate funds becomes a roadblock, a fact which has been acknowledged even by the Finance Ministry. Funds are...
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Curious case of Mudra loan failure and disconnect of BJP's election winning machine -Prabhash K Dutta
-IndiaToday.in Total value of Mudra loans stood at Rs 5.57 lakh crore. Total number of employment generated from this amount stood at 1.12 crore. This means every single employment cost the government around Rs 5 lakh under Mudra Yojana. * PM Modi launched Mudra Yojana as a flagship job creation programme in 2015 * Recent reports say only 20 per cent Mudra loans led to fresh employment * Mudra Yojana Survey by Labour Ministry...
More »Just 1 in 5 Mudra beneficiaries started new business, half of extra jobs were self-employment: Govt survey -Aanchal Magazine
-The Indian Express The Mudra Yojana was launched in April 2015 to provide funding to the non-corporate small business sector through various financial institutions like banks, NBFCs and Micro Finance Institutions (MFIs). The government’s constant refrain has been that its flagship MUDRA scheme is an engine for entrepreneurship and employment. A survey by the Labour Ministry, yet to be made public, offers a reality check: just one out of five beneficiaries...
More »Maharashtra gets just 4% of all Mudra loans but generates most new jobs -Aanchal Magazine
-The Indian Express Maharashtra does not rank among the top five states in terms of loans disbursed. It could garner just 4% share in the total loans but generated the maximum additional jobs of 15%. Just five states, Tamil Nadu, Karnataka, Odisha, Bihar and West Bengal, account for about 70% of total loans disbursed — by value — under the MUDRA scheme during April 2015 to December 2017, according to the...
More »NPAs Under Modi's MUDRA scheme Doubled in Just a Year, Reveals RTI -Dheeraj Mishra
-TheWire.in Public sector NPAs of loans issued under the scheme have increased by Rs 9,204.14 crore in just one year – from Rs 7,277.31 crore in March 2018 to Rs 16,481.45 crore in March 2019. New Delhi: The non-performing assets (NPAs) under Prime Minister Narendra Modi’s ambitious Pradhan Mantri Mudra Yojana (PMMY) doubled within one year. This information was obtained through an RTI petition filed by The Wire. In a written reply to...
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