2017
A recent report says India has 6 crore micro units. It employs total 11 crore person including owners of micro units. It contributes Rs. 11 lakh crores valued added.
We need to plan for 10 crore micro units supporting creation of new units at the rate of one crore per year for the next four years. This will create 4 crore persons new employment.
We can also plan for fresh employment to one crore persons every year in micro units by reserving loans for units that promise one extra job in their unit.
Thus in four to five years, India can plan to have 10 crore micro units employing 20 crore persons and contributing at least Rs.20 lakh crores to the value added in India.
The number on bank branches in India at the end of June 2016 is 1.30 lakhs.
(http://www.thehindubusinessline.com/economy/little-known-facts-about-indias-banking-network/article9381949.ece)
It means every branch on average has to service 800 micro units under Mudra finance scheme to provide finance to 10 crore micro units. Banking infrastructure has to be developed to handle this size of business and certain bank officers have to be trained specially to cater to this segment. The credit need of this segment may be more than Rs. 10 lakh crore. It can be as big as agricultural credit.
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