MUDRA Scheme: False Promises, Failing Dreams
Bad loans under MUDRA have jumped almost 53% to Rs 14,930.98 crore during the first nine months of the current financial year.
The Modi government had introduced the MUDRA scheme promising easy and accessible loans for the aspiring entrepreneurs. However, the ground reports show different realities. Not just that, even the statistics do not support the government's claim. The bad loans under MUDRA Yojana have jumped almost 53% to Rs 14,930.98 crore during the first nine months of the current financial year 2018-19, as compared to Rs 9,769.99 crore reported last year.
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