Challenges faced by the Mudra scheme: UPSC Daily Important Topic | 25 April 2023
Challenges faced by the Mudra scheme: ✓High non-performing assets or bad loans ✓Limited funds that cannot keep up with the pace of demand ✓Regional disparities in the distribution of benefits ✓Lack of financial literacy among beneficiaries leading to defaults ✓Limited outreach to rural entrepreneurs ✓Collateral requirements for loans above a certain amount make it difficult […]
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