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PM will launch MUDRA (Micro Units Development and Refinance Agency) Bank on 8th April 2015 in New Delhi

Dated:- 26-3-2015 - Prime Minister of India Shri Narendra Modi will launch MUDRA (Micro Units Development and Refinance Agency) Bank on 8th April, 2015 at 9.15 AM at Vigyan Bhawan, New Delhi in the presence of Hon ble Finance Minister Shri Arun Jaitley. The Union Finance Minister in his Budget Speech for 2015-16 announced formation of MUDRA Bank. He said Madam Speaker, our government firmly believes that development has to generate inclusive growth. While large corporate and business entities ha .....

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MUDRA) Bank, with a corpus of ₹ 20,000 crore, and credit guarantee corpus of ₹ 3,000 crore. MUDRA Bank will refinance Micro-Finance Institutions through a Pradhan Mantri Mudra Yojana. In lending, priority will be given to SC/ST enterprises. These measures will greatly increase the confidence of young, educated or skilled workers who would now be able to aspire to become first generation entrepreneurs; existing small businesses, too, will be able to expand their activities. Just as we .....

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