Mudra Bank, which has been set up to provide credit to micro units, has refinanced Rs 1,500 crore under the Pradhan Mantri Mudra Yojana. “In the first nine months of inception, Mudra Bank has so far refinanced Rs 1,500 crore to micro units through public sector banks,” Mudra Bank CEO …
Tag: Micro finance institutions
Make MUDRA Independent: CAIT
The Confederation of All India Traders (CAIT) has urged Finance Minister Arun Jaitley to free Mudra from the clutches of Reserve Bank of India by bringing in necessary legislation in Parliament. Mudra should be made an independent regulator to effectively cater to the financial needs of non corpo…
SMEs need professional advice | RBI
To provide a leg-up to Micro, Small and Medium Enterprises (MSMEs), a Reserve Bank of India panel has made a series of recommendations, including establishing a system of professional credit intermediaries/ advisers, to help both the sector and banks in credit assessment and encouraging multiple …