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Indian Economy

MUDRA Scheme and Employment

  • 04 Sep 2019
  • 2 min read

Recently, Pradhan Mantri Mudra Yojana Survey has been conducted by the Labour Bureau under the Ministry of Labour and Employment.

  • The survey studied as many as 97,000 beneficiaries and was conducted between April-November 2018. Its salient findings are:
    • Just one out of five beneficiaries i.e. 20.6% from the sample survey availed Mudra loan for setting up a new establishment, the rest used the funds for expanding their existing business.
    • A total of Rs 5.71 lakh crore in loans was sanctioned under three categories of Mudra — Shishu, Kishor and Tarun, whereas the average size of a loan was Rs 46,536.
    • The share of three types of loans out of total loan sanctioned under MUDRA in 2018-17 is as follows:
      • Shishu loans: 42%
      • Kishor loans: 34%
      • Tarun loans: 24%
    • The share for creation of new jobs by three types of loans under MUDRA in 2018-17 is as follows
      • Shishu loans: 66%
      • Kishor loans: 18.85%
      • Tarun loans: 15.51%
    • The loan extended for every additional job created works out to Rs 5.1 lakh.
    • Sector-wise additional job creation under MUDRA is:
      • Services: 34.34 %
      • Trading: 33.23%
      • Allied agriculture: 20.33%
      • Manufacturing: 11.7 %
      • Services and trading accounted for more than two-thirds of the additional jobs created.
    • The survey defines “Self Employed” as persons who engaged independently in a profession or trade.
    • Employees or hired workers refer to persons engaged, excluding self-employed, by the unit whether for wages or not, in work connected directly or indirectly with the process including all administrative, technical and clerical staff.

Source: IE

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