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Micro Units Development and Refinance Agency (Mudra) Bank

Dated:- 2-3-2015 - According to the NSSO survey of 2013, there are 5.77 crore small business units, mostly individual proprietorships, which run small manufacturing, trading or services activities. Most of these own account enterprises are owned by p .....

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growth and also employment. Micro Finance is an economic development tool whose objective is to assist the poor to work their way out of poverty. It covers a range of services which include, in addition to the provision of credit, many other service .....

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luding Trusts, Societies etc. The government proposes to set up a through a statutory enactment. This Bank would be responsible for regulating and refinancing all Micro-finance Institutions (MFI) which are in the business of lending to micro/small bu .....

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ly be responsible for - 1) Laying down policy guidelines for micro/small enterprise financing business 2) Registration of MFI entities 3) Regulation of MFI entities 4) Accreditation /rating of MFI entities 5) Laying down responsible financing practic .....

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