Why is it in the news?
- According to the Draft Report of Mudra Survey, Women have comprehensively edged out men by cornering more jobs than men.
More in the news
Findings of the draft report:
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Women cornered 68.92 lakh extra jobs (56.3%) of the total 1.12 crore additional employment generated using Mudra loans disbursed during 33 months between April 2015 and December 2017.
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Over 90% of these come on account of Shishu loans which has the smallest ticket size of up to Rs 50,000.
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In the Kishor (Rs 50,000 to Rs 5 lakh) and Tarun (Rs 5 lakh to Rs 10 lakh) loan categories, additional jobs going to women drops precipitously.
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Women account for just 5.88 lakh new jobs which is merely 5.2% of total additional employment.
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Men have bagged 32.2 lakh or 28.7% extra jobs from loans under these two loan categories.
MUDRA Yojana:
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Pradhan Mantri Mudra Yojana (PMMY) is a scheme initiated by Government of India to provide loans up to Rs. 10 lakh to non-corporate, non-farm small/micro enterprises.
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Loan amount offered- The scheme has three categories under which loans are disbursed:
(1) Shishu ”“ For loan amount up to Rs. 50,000
(2) Kishor ”“For loan amount from Rs. 50,001- Rs 5 lakh
(3) Tarun ”“ For loan amount more than 5 lakhs and up to Rs 10 lakh
Source
Indian Express.