Allocation in budget 2018 raised to 3 lakh crore rupees, a rise of 20% over previous year.
Union Budget 2018 allocated Rs 3 lakh crore for Micro-Units Development & Refinance Agency Ltd (MUDRA), a nearly 20 per cent rise from the last year. The Budget 2017 had allocated Rs 2.44 lakh crore for Mudra. [...] This may provide the NDA government's job-creation target a much-needed boost ahead of the 2019 general elections.