Demonetisation, GST resulted in bad loans under MUDRA: Shiv Sena

Mumbai, Jan 15 (UNI) The Shiv Sena on Tuesday took a potshot at the two biggest moves–Demonetisation and the Goods and Services Tax(GST)–of the Modi-led BJP government.
In the Tuesday edition of party’s mouthpiece ‘Saamana’, the Shiv Sena asserted that the decisions of the ruling party has hampered the recovery of Rs 11,000 crore of loans disbursed under the Centre’s Micro Units Development and Refinance Agency (MUDRA) scheme.
“Loans worth Rs 2.46 lakh crore have been disbursed so far to 4.81 crore small scale industrialists.The outstanding amount of these loans has piled up to Rs 11,000 crore, which is a serious issue,” read lines of the newspiece.
The newspiece construes that the small-scale businessmen have been affected by the tacky execution of the GST which resulted in bad loans.
“It can easily be deduced that some policies of the government are responsible for Rs 11,000 crore outstanding loans under the Mudra scheme,” it further said.