How did the banks help BJP to win UP? https://www.cenfa.org/how-did-the-banks-help-bjp-to-win-up/ By Thomas Franco | March 11, 2022
Under PM Jan Dhan Yojana, 31.28 crore Rupay cards have been issued, and the account holders can avail a credit of Rs.5000.
In UP alone 7,86,65,390 accounts have been opened of which 5,33,66,913 have been issued Rupay card. 7.8 crore accounts are a huge number!
Under the PM Mudra Loan Scheme, you can avail a loan of Rs.50000 under ‘Shishu’ up to Rs.5 lakhs under ‘Kishore’ and upto Rs.10 lakhs as ‘Tarun’. So far in the country, as a whole 339332942 loans have been given (34 crore borrowers) with loan sanction of Rs.1826042.57 crore. In UP in the year 2019-20 alone 5861422 loans with an amount of Rs. 30949.36 crore were sanctioned.
So approximately 3.4 crore borrowers in UP have availed loans of Rs. 182604.2 crore. As per the 2011 census, UP had 3.34 crore households. That means every household had access to a loan that could give credit to the Prime Minister, Mr Modi.