Mudra Yojana Finance Scheme for Micro Units in India - Funding New Firms, Job Creation and Increasing Income for Micro Unit Entrepreneurs

Mudra Yojana Finance Scheme for funding micro units has multiple objectives.

What is its impact on job creation?

According to the survey Report titled ‘MUDRA Scheme: a Game Changer Initiative on Job Creation’ Total number of incremental direct jobs created due to MUDRA in the first two years (April 2015 to March 2017) stood at 1,16,96,576 (1.17 cr appx.).

In the report it is pointed out that “Data available with MUDRA, banks and financial institutions pertains primarily to opening of accounts and loan disbursal. It does not capture any numbers on employment generation. We have done an extensive ground work to correlate the loan data with job creation."

http://www.skoch.in/images/49th/MUDRA_English_6September2017.pdf


We recommed that Mudra have a special focus on new business creation and job creation in existing units. This plan will result in one crore new businesses providing self employment to one crore people. In addition, the suggestion is to fund one crore existing units with plan to employ one additional employee. This will provide wage employment to one crore persons. That every year, 2 crore persons can be provided employment. Read more details of the plan.

Plan to Provide Employment to 2 Crore Persons Per Year in Micro Units Using Mudra Finance Scheme

http://guide-india.blogspot.com/2017/08/plan-to-provide-employment-to-2-crore.html



http://www.thehindubusinessline.com/news/education/168-cr-incremental-jobs-created-under-mudra-scheme-in-2-years-since-launch/article9851526.ece

http://www.oneindia.com/india/self-employment-and-job-creation-tracking-the-progress-of-mudra-yojana-under-modi-2429301.html

http://eminencejournal.com/images/pdf/ZL2.pdf