RBI red flags rising Mudra bad loans

The Mudra loan scheme was launched by Prime Minister Narendra Modi in 2015 to help the highly under-funded small and medium industries with cheap bank loans. Raising concerns over growing number of NPAs under the Mudra loans, Reserve bnak if India Deputy Governor MK Jain asked asked banks to focus on repayment capacity at the appraisal stage itself.

from Banking/Finance-Industry-Economic Times https://ift.tt/2KU55bg