The Labour Bureau has submitted its report on
jobs created by MUDRA scheme. In 2017, the Labour Ministry had asked the Labour
Bureau to initiate the survey on jobs created through the MUDRA scheme.
Labour Bureau is an attached office under
Ministry of Labour and Employment. It is responsible for the collation,
collection and publication of statistics and related information on wages,
earnings, productivity, absenteeism, labour turn-over, industrial relations,
working and living conditions of labour, evaluation of working of various
labour enactments etc.
Pradhan Mantri MUDRA Yojana (PMMY) was launched
in 2015. It seeks to extend affordable credit to micro and small enterprises.
Loans up to Rs.10 lakh are extended to non-corporate, non-farm enterprises. These
loans are classified as MUDRA loans.
The loans are extended by the Micro Units
Development and Refinance Agency (MUDRA) through last mile financial
institutions such as Commercial Banks, Regional Rural Banks, Small Finance
Banks, Cooperative Banks, Microfinance Institutions (MFIs) and Non-Banking
Financial Companies (NBFCs). MUDRA is an NBFC supporting development of micro
enterprise sector in India.
Under PMMY, MUDRA has created three different
interventions ‘Shishu’, ‘Kishor’ and ‘Tarun’. These signify the stage of growth
or development and funding needs of the beneficiary.
Sishu covers loans up to Rs. 50,000. Kishore
covers loans above Rs. 50,000- and up to 5 lakh. Tarun covers loans above Rs. 5
lakh and up to Rs.10 lakh