The Pradhan Mantri Mudra Yojana has been envisioned to make access to inexpensive formal credit a reality for India’s enterprises. The scheme has been operationalised through a process of institution-level target setting, against which banks are to disburse unsecured enterprise loans up to Rs10 lakh. We look at the evidence on whether Mudra has had an impact on the flow of credit to micro, small and medium enterprises.
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