Was PM true when he said Mudra loans is given to 130 mn people?
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The Modi govt came up with the Mudra loan scheme and ensured that the scheme will create millions of jobs. Though there is no official data accessible on the number of jobs generated due to the scheme, an analysis of the type and number of loans given out explains that only 3% of Mudra loans generate a return, or income, which satisfies the minimum wage requirement. While on I-Day, Modi said loans were given to 130 mn.