September 26, 2015 No.1
https://www.facebook.com/mehtarahulc/posts/10153057708301922
https://www.facebook.com/mehtarahulc/posts/10153057708301922
Pradhan Mantri Mudra Bank Loan scheme ---- a disaster in making, and also a good HONEST opportunity for honest poor people and CAs.
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NaMo has ordered PSU bank directors and PSU bank managers to issue loans of upto Rs 10 lakhs to small / medium business. No collateral is needed !! No guarantor is needed !!! Show a plan , and get Rs 50000 to Rs 200000 of loan. And show a working business and show an expansion plan, and get upto Rs 10 lakh of loans !!
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Does borrower need to repay the loans?
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Well, if he is god fearing, he may return the loan. Otherwise , ..... it is Ram bharose or rather Ravan bharose !!!
.
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Anyway, it will be a good business oppurtunity for CAs , bank managers , local politicians etc etc.
.
There are poor who are paying 5% to 15% interest PER MONTH (yes, per month, not per year) to private lenders. Mudra loans are ONLY 12% per year. And for first 2 years, one needs to pay ONLY interest and only after two years he needs to repay principal in 48-60 installments along with interest !!
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So if you are CA etc and happen to know a poor person who will GENUINELY repay the loans, then pls do help him in preparing the file for PM-MUDRA loan. You can charge commission, and even if you charge Rs 5000 commission for Rs 50000 loan, then also you are doing a BIG savings to that poor guy.
.
And dishonest politicians will gang up with dishonest bank managers and get tons of loans in name of real with with deals such as --- "I will get you Rs 50000 loans, give me Rs 40000 , keep Rs 10000 and you dont need to repay anything !!!" And many would agree. IOW, the money will get siphoned out.. So given than 90% of the loan takers will NOT repay, MUDRA is going to be huge hole.
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SOLUTION?
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SOLUTION I propose is DDMRCAM = MRCM-law-draft. Once MRCM-draft is printed in Gazette, every person will get his share in mineral royalties and land rent from govt plots. This will increase incomes of ALL and decrease incomes of mineral mafia and land hoarders. So this will decrease incomes of some 1% of population and increase incomes of some remaining 99%. For some 10% population, increase will be small. But bottom 90% will make huge gains.
.
So their purchasing ability will rise and so will profits of business and factory owners.
.
Another law-draft that will help business is wealth tax law-draft. This will bring down land prices and so businesses will be able to expand.
.
NaMo has ordered PSU bank directors and PSU bank managers to issue loans of upto Rs 10 lakhs to small / medium business. No collateral is needed !! No guarantor is needed !!! Show a plan , and get Rs 50000 to Rs 200000 of loan. And show a working business and show an expansion plan, and get upto Rs 10 lakh of loans !!
.
Does borrower need to repay the loans?
.
Well, if he is god fearing, he may return the loan. Otherwise , ..... it is Ram bharose or rather Ravan bharose !!!
.
====
.
Anyway, it will be a good business oppurtunity for CAs , bank managers , local politicians etc etc.
.
There are poor who are paying 5% to 15% interest PER MONTH (yes, per month, not per year) to private lenders. Mudra loans are ONLY 12% per year. And for first 2 years, one needs to pay ONLY interest and only after two years he needs to repay principal in 48-60 installments along with interest !!
.
So if you are CA etc and happen to know a poor person who will GENUINELY repay the loans, then pls do help him in preparing the file for PM-MUDRA loan. You can charge commission, and even if you charge Rs 5000 commission for Rs 50000 loan, then also you are doing a BIG savings to that poor guy.
.
And dishonest politicians will gang up with dishonest bank managers and get tons of loans in name of real with with deals such as --- "I will get you Rs 50000 loans, give me Rs 40000 , keep Rs 10000 and you dont need to repay anything !!!" And many would agree. IOW, the money will get siphoned out.. So given than 90% of the loan takers will NOT repay, MUDRA is going to be huge hole.
.
SOLUTION?
.
SOLUTION I propose is DDMRCAM = MRCM-law-draft. Once MRCM-draft is printed in Gazette, every person will get his share in mineral royalties and land rent from govt plots. This will increase incomes of ALL and decrease incomes of mineral mafia and land hoarders. So this will decrease incomes of some 1% of population and increase incomes of some remaining 99%. For some 10% population, increase will be small. But bottom 90% will make huge gains.
.
So their purchasing ability will rise and so will profits of business and factory owners.
.
Another law-draft that will help business is wealth tax law-draft. This will bring down land prices and so businesses will be able to expand.
This are REAL SOLUTIONS. giving away loans in khairat is waste of money.
.
If you support DDMRCAM and wealth tax, then pls send following links to YOUR MP ---https://www.facebook.com/mehtarahulc/posts/10152258841751922 andhttps://www.facebook.com/mehtarahulc/posts/10152686291831922
.
If you support DDMRCAM and wealth tax, then pls send following links to YOUR MP ---https://www.facebook.com/mehtarahulc/posts/10152258841751922 andhttps://www.facebook.com/mehtarahulc/posts/10152686291831922
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