"Under the PM Mudra Yojana, 41 lakh have got loans. This means they are doing some business or engaged in some kind of employment. Hence this rhetoric that there are no jobs in Maharashtra is false," he said.
There is little doubt that the seeds of failure were contained either in the scheme or the political motivation behind it because sound economic motivation would not have driven mission Mudra to such dire straits so quickly.
A bureaucrat can play fast and loose without any fear and the poor citizen readily gives in to his most outrageous demands. Corruption, which is arguably our most serious problem, is an offshoot of the facelessness and immunity granted to bureaucrats. We can rid ourselves of the twin evils of corruption and inefficiency only if we can put in place a system which demands accountability from all Government officials.
India’s micro units, in particular, have a critical role to play in keeping the country going, employing millions and literally providing the backbone to what is the world’s sixth-largest economy (nominal GDP).
Prime Minister Narendra Modi, on the third anniversary of Mudra Yojana, asked people to share their success stories on social…
