No annual pay hike for PSB managers failing Mudra target, says Hansraj Ahir

Union minister of state for home affairs Hansraj Ahir writes letter to district magistrate of his constituency

Stop the annual salary increment of managers at state-owned banks which have failed to meet the loan target under the central government’s Mudra (Pradhan Manti Mudra Yojana) scheme.

This is what Hansraj Ahir, Union minister of state for home affairs, has written in a letter to the district magistrate of his constituency. The scheme was begun in 2015, to give unsecured loans of up to Rs 1 million to small enterprises, with the objective of boosting self-employment.

Bankers and staff unions have been complaining of being overburdened on the variety of  government schemes, to be implemented. This latest advice from