Tag: Micro Finance Institutions

MODI JUMLA: Pradhan Mantri Mudra Loans Scheme raises Red Flags for Next Banking Crisis in India; After Rising NPAs, Failure To Generate Jobs and Employment

RESEARCH REPORTS, Uncategorized
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The Pradhan Mantri Mudra Yojana – the government’s flagship lending scheme – has failed to give a big fillip to self-employment, an official survey accessed by Business Standard shows. Between April 2015 and 2018, the scheme enabled creation of 11.2 million jobs, of which 5.1 million were new entrepreneurs – much below the government’s estimates. […]

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