#MUDRA


Thank You Prime Minister: Rural India Doing Well

Despite a continuing fall in the growth rate of India's GDP for the last several quarters there are indicators that point to a turn-around of the rural economy. Positive and long-term improvements can be seen in foodgrains production, in horticulture, dairy, poultry and fisheries, access to physical infrastructure such as electricity and roads, per-capita income of poorer states (which have a high percentage of rural population), wages of unskilled labour and growing employment in non-farm occupations due to programmes such as MUDRA.

8th September 2017
SKOCH Report Card of MUDRA Scheme

Job creation, unarguably, is one of the most critical issues facing not only the Indian economy but also the world as a whole. Several governments have been elected on the promise of jobs and thrown out of the power if the promises are not met. Job creation is critically important not only from economic point of view but also it has wider impact from social indicators to law and order. Bharatiya Janata Party (BJP) led alliance also won the election with a thumping majority in 2014 on the promise of according high priority to job creation. Prime Minister Narendra Modi led government has been working on several front to create employment opportunities, as has been the case with the previous governments.


Has Rural India Seen a Turn-Around Lately?

Despite a continuing fall in the growth rate of India's GDP for the last several quarters there are indicators that point to a turn-around of the rural economy. Positive and long-term improvements can be seen in foodgrains production, in horticulture, dairy, poultry and fisheries, access to physical infrastructure such as electricity and roads, per-capita income of poorer states (which have a high percentage of rural population), wages of unskilled labour and growing employment in non-farm occupations due to programmes such as MUDRA. However challenges still remain in some vital sectors, such as water, marketing of fruits and vegetables, skill development, education and health.


SKOCH Report Card of MUDRA

Pradhan Mantri MUDRA Yojana (PMMY), which provides access to institutional finance (MUDRA Loans of <10L) to small business units and entrepreneurs, has led to 5.5 crore jobs in just over two years, addressing the most critical challenge facing the country. According to the survey titled 'MUDRA Scheme: a Game Changer Initiative on Job Creation', a total of 54,479,763 jobs have been generated through MUDRA. These include 37,753,217 direct jobs and 16,726,545 indirect jobs. The report was released at the 49th SKOCH Summit at New Delhi.


MUDRA Scheme: A Game Changer Initiative on Job Creation

Job creation, unarguably, is one of the most critical issues facing not only the Indian economy but also the world as a whole. Job creation is critically important not only from an economic point of view but it also has a wider impact on social indicators such as health and education, and even law and order.