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Bad Loans Under Mudra Scheme Rose To Over Rs 17,000 Crore In FY19
Concerns about the asset quality of loans under Mudra Yojana have been swirling around for some time now.
24 Dec 2019, 02:13 PM IST
Bad loans under the government’s flagship Pradhan Mantri Mudra Yojana rose sharply in the 12 months ended March 31, 2019, showed data accessed by BloombergQuint under the Right To Information Act.The rising bad loans appear to have led to caution among lenders with outstanding loans under the scheme declining between March and September 2019.According to data provided by Mudra, defaults on loans disbursed under the scheme stood at Rs...
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