https://www.cenfa.org/mudra-loan-numbers-biggest-jumla-b y-the-finance-minister/ The Finance Minister reiterated that it was bank data and that in Tamil Nadu, 5.6 crore people have been given MUDRA loans amounting to Rs. 3 lakh crores. In Coimbatore alone, 20 lakh people were given loans. The population of Tamil Nadu is 8.39 crores, and Coimbatore’s is 30.8 lakhs (Estimate for 2024). Does this mean that 67% of the population, including those aged 0-18 and above 60, have been given a MUDRA loan? On average, 26% of the population in India is between the ages of 0-14, and 7% is above 65 years old (and ineligible for any loan). So, has everyone aged 19-65 been given a MUDRA loan? Where are these enterprises? Every little space would have to be filled by enterprises.
https://www.cenfa.org/mudra-loans-and-the-dangers-of-micro-finance/ April 18, 2023
https://www.cenfa.org/random-reflections-mudra-loans-next-avalanche-for-banks/ November 30, 2019