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PREPARATIONS WITH REGARD TO LAUNCH OF MUDRA BANK REVIEWED BY DR. HASMUKH ADHIA SECRETARY (DFS); PM WOULD ALSO LAUNCH PRADHAN MANTRI MUDRA YOJANA ON THE OCCASION

Dated:- 1-4-2015 - Dr. Hasmukh Adhia, Secretary, Department of Financial Services, Ministry of Finance reviewed here today the preparations made for launch of Micro Units Development and Refinance Agency (MUDRA) - a bank. MUDRA Bank would be launched by the Prime Minister on 8th April, 2015 at Vigyan Bhavan in the national capital. Dr. Adhia said that the Prime Minister would also launch the Pradhan Mantri Mudra Yojana on this occasion. The bank would be based on the theme of Funding the unfunde .....

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was attended among others by Ms. Snehlata Srivastava, Additional Secretary, Department of Financial Services, Shri Kshatrapati Shivaji, CMD, SIDBI and other senior officers of the Ministry of Finance and SIDBI. The MUDRA Bank would primarily 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 practices to ward .....

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