Maharashtra gets just 4% of all Mudra loans but generates most new jobs -Aanchal Magazine

-The Indian Express

Maharashtra does not rank among the top five states in terms of loans disbursed. It could garner just 4% share in the total loans but generated the maximum additional jobs of 15%.

Just five states, Tamil Nadu, Karnataka, Odisha, Bihar and West Bengal, account for about 70% of total loans disbursed — by value — under the Mudra scheme during April 2015 to December 2017, according to the Draft Report of Mudra Survey. Four of these, Tamil Nadu, Karnataka, Odisha and Bihar, also figure among the top five additional employment creators, having generated almost 40% extra jobs.

Maharashtra does not rank among the top five states in terms of loans disbursed. It could garner just 4% share in the total loans but generated the maximum additional jobs of 15%.

Similarly, Kerala and Uttar Pradesh are two states which punch far above their weight when additional employment generation is juxtaposed with share in loan disbursements. UP with a meagre 2.7% share in loans disbursed generated 5.1% of additional employment and Kerala with 2.9% share in loans disbursed generated 5.2% extra jobs.

These two states outperformed traditional entrepreneurial powerhouse, Gujarat, the yet-to-be released survey report showed. Gujarat, with 4.5% share in total loan disbursements, generated just 5% of the total 1.12 crore additional employment in the first 33 months of the scheme.

On the contrary, Tamil Nadu, which received the lion’s share — 20.2% — of loans disbursed, slips down the list of additional employment generators, and accounts for only 8.1% of extra jobs. A wide gap between loan disbursement share and the share in additional employment is also seen for Odisha, which had 15.6 per cent share of the total loan disbursement, but accounted only for 7.8 per cent of the additional employment.

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The Indian Express, 5 September, 2019, https://indianexpress.com/article/india/maharashtra-gets-just-4-of-all-mudra-loans-but-generates-most-new-jobs-5967099/

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