How Can MUDRA Bank Make a Difference to the Indian Economy? Examine giving substantial arguments.

Hint:
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.

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