MUDRA Bank News

Mudra bad loans: Value low but surge this year

In 2017-18, total loans disbursed under the Mudra scheme stood at Rs 2.46 lakh crore. This shows the gross NPA ratio (NPAs divided by loans disbursed) was 3.96 per cent.

MUDRA not to regulate micro finance institutions: Govt

The proposed Bank will also oversee the Rs 3,000 crore Credit Guarantee Fund that the government has approved last week to facilitate the MUDRA scheme.


‘Land Bill to ensure jobs for 300 mn landless workers’

The Bill has already been passed by the Lok Sabha and will be taken up by the Rajya Sabha when it re-convenes later this month.

Prime Minister Modi launches MUDRA Bank, announces higher aid for rain-affected farmers

He was speaking at the launch of Rs 20,000-crore MUDRA Bank.

30 crore landless people to get jobs once land bill is passed, says Finance Minister Arun Jaitley

Jaitley had proposed the MUDRA with a corpus of Rs 20,000 crore.

MUDRA to provide loans up to Rs 10 lakhs to small businesses

The Pradhan Mantri MUDRA Yojana, which has a corpus of Rs 20,000 crore, can lend between Rs 50,000-Rs 10 lakh to small entrepreneurs.


Boost to small biz: Modi to launch MUDRA Bank today

The primary product of MUDRA will be refinance for lending to micro businesses.

FinMin considers clubbing MFI & MUDRA Bank Bills

The Micro Units Development Refinance Agency (MUDRA) Bank Bill will now give finality to the plan for regulation of the sector.

MUDRA Bank to be launched on April 8

The meeting was attended by representatives of micro-finance institutions, NBFCs, banks, NABARD, SIDBI and RBI.

Unused priority sector lending funds to be diverted to MUDRA Bank

However, the related Rs 3,000 crore credit guarantee fund for the Bank would be set up through Budgetary allocations.