Mudra loans do not indicate any job creation in itself. According to an answer by the govt in Rajya Sabha on January 25, a total of 15.59 crore persons have been given loans worth Rs. 2.75 lakh crore which works out to a mere Rs.17,582 per loanee. Moreover, MUDRA loan NPAs rose by 1120% adding to the already existing NPA crisis in the country.
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