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NPAs Rising Under Mudra Scheme Cause for Concern
March 07, 2019
The bad loans under the Pradhan Mantri Mudra Yojana (PMMY) are expected to be between 10% to 15% which is much higher than 5.39% that was reported by the government back in March 2018. Rating agencies ICRA and India Ratings have opinionated that this massive rise in non-performing assets (NPAs) under the scheme should get the government worried.
PMMY is a government scheme that was launched by Prime Minister Narendra Modi on April 8, 2015, to offer loans up to ₹10 lakhs to small business owners.
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