Modi's MUDRA scheme raining loans on women and religious minorities

Non-Hindus have got the largest amount per head for loans of less than Rs 50,000, while women have the largest share of the loan pie

The Prime Minister Micro Units Development and Refinance Agency (MUDRA) scheme, launched by the Modi government in 2015, is quite literally showering small amounts on people who were until now turned away by banks. The biggest beneficiary of the MUDRA scheme, which aims to disburse small amounts ranging from Rs 50,000 to Rs 1 million, are women and religious minorities across the country.

Almost eight of every 10 accounts opened for people availing of loans of less than Rs 50,000 were for women. On an average, every woman who availed of a loan in the lowest category got more than