Page 93 - MUDRA ANUBHAV

Number, which is essential for payment of Income
tax was available with majority of shareholders.
This shows that majority of shareholders are

taxpayers. Other documents like past tax returns
were not available in all cases as experienced by
the respondents.

Some highly sophisticated documents like financial

projections and technical details were experienced
to be available to always available with majority of
the borrowers. This hints towards better awareness
towards requirement of documentation and better

preparedness in the borrowers.

Figure No. 29 - Availability of Documents with applicants

Credit Risk Management

PMMY has been promoted as a collateral free
financial assistance scheme. To understand

whether the same is being practiced at these last
mile financial institutions or not, they were asked
to share the practices currently being followed at

79