How Many Jobs Did MUDRA Create? Modi Won't Tell You Before Election

-Newsclick.in

Earlier, the government stopped the release of the NSSO report on unemployment for 2017-18 and the sixth Labour Bureau annual employment-unemployment survey. Both showed an unprecedented rise in job losses.

New Delhi: For the third time, the Narendra Modi government has stopped the release of government data on jobs created in the country before the 2019 Lok Sabha elections.

The Indian Express reported on March 14, 2019 that a survey by the Labour Bureau on the number of jobs created under the Micro Units Development & Refinance Agency (Mudra) will not be made public for another two months.

The official reason cited are “errors” and “anomalies” in the methodology used for the jobs survey.

“The number of jobs created under the MUDRA scheme will be released after the polls as the Expert Committee found anomalies in the methodology used by the Bureau in arriving at the findings,” sources told the newspaper.

The MUDRA programme was launched in April 2015, and provides loans at low rates for people to set up small business and in order to generate jobs through self-employment. The loans are given to microfinance institutions and other non-banking financial institutions, which in turn lend to the MSMEs (Micro, Small and Medium Enterprises).

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