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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 .....

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d . Secretary (DFS) Dr Aadhia said that MUDRA bank would be responsible for regulating and refinancing all Micro-finance Institutions (MFI) which are in the business of lending to micro/small business entities engaged in manufacturing, trading and se .....

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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 respo .....

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off indebtedness and ensure proper client protection principles and methods of recovery 6) Development of standardized set of covenants governing last mile lending to micro/small enterprises 7) Promoting right technology solutions for the last mile 8 .....

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