How Can MUDRA Bank Make a Difference to the Indian Economy? Examine giving substantial arguments.
Published: February 4, 2016
As per NSSO report most individual proprietor’s who run small manufacturing, trading or services activities are deprived to get institutional finance. MUDRA Bank providing access to institutional finance to such micro/small business units would turn them into strong instrument of GDP growth and employment. With MUDRA Bank contributing towards MSMEs is expected to contribute a major part in the growth, It will help aspiring entrepreneurs in India, will provide options to SMEs before choosing creditors, much cheaper rate of interest compared to MFI.
Model Questions Category: 043 - Government Policies and Interventions for Development in Various Sectors