LIE: 17 crore Mudra loans have been given in the last four years out of which 4.25 crore loans were given to first-time entrepreneurs. This clearly shows that over 4 crore entrepreneurs started their business


Modi Lies / Wednesday, April 17th, 2019

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.

Read More Here: https://www.newsclick.in/pm-modi-repeats-job-increase-mythology-parliament

Image Courtesy: Indian Express

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