MUDRA Bank

The Union Cabinet has approved the conversion of MUDRA Ltd into MUDRA (SIDBI) Bank as, a wholly owned subsidiary of SIDBI to carry out the following functions: i) Refinance operations, ii) Support services with focus on portal…

Prime Minister Narendra Modi on Wednesday launched Micro Units Development Refinance Agency, MUDRA Bank, which will provide credit of up to Rs 10 lakh to small entrepreneurs and act as a regulator for Micro-Finance Institutions (MFIs).…