Why Not Tweak and Expand the MUDRA Scheme to Throw a Lifeline to MSMEs?

In March 2020, the Centre for Monitoring Indian Economy (CMIE) reported that unemployment had gone to an absolutely unheard-of open unemployment rate of 23.4%. India’s workforce, by most estimates, is around 434 million people. Over 80% of non-agricultural employment is in India’s micro, small and medium enterprises (MSMEs) who are disproportionately affected by the coronavirus …