MUDRA scheme

MUDRA scheme

MUDRA scheme – To help MSMEs grow
Purpose : MUDRA, which stands for Micro Units Development & Refinance Agency Ltd., is a financial institution set up by Government of India for development and refinancing of micro units enterprises.
Pradhan Mantri Mudra Yojana (PMMY) is a scheme set up by the Government of India (GoI) through MUDRA (a subsidiary of SIDBI), focusing on extending financial support to the small business sector and has a variety of sub-schemes designed for specific business needs.
Helps in facilitating micro credit up to Rs. 10 lakh to small business owners. MUDRA supports Financial Intermediaries to extend loans to the non-corporate, non-farm sector income generating activities of micro and small entities with credit needs up to Rs. 10 lakhs).

Last Updated On : Wednesday, 11-11-2020

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