7. MUDRA bank has been termed as a game changer for micro finance sector in the country. What are the objectives of MUDRA Bank? Is there a need of such an institution when there already are multiple schemes and institutions operating for the same purpose?

Approach:

♤ Describe the MUDRA Yojna briefly.

♤ Bring out the argument whether such a scheme is needed or not.

♤ Mention past and present schemes for the sector and their impact.

♤ Give relevant facts/examples to support your view point.