Micro Unit Development Refinance Agency

The people who go abroad do well due to low interest rates on loans which help them to take forward their ideas and opportunities, Minister of State for External Affairs VK Singh said today.

Facing heat for not being able to back its promises of job creation, the Centre and the BJP have repeatedly cited the success of its MUDRA scheme, an acronym for Micro Units Refinance and Development Agency, meant to promote lending to small businesses.

Of this amount, Rs 1,23,000 crore was lent by banks while non-banking institutions lent about Rs 57,000 crore.

Banks are expected to disburse Rs 1.80 lakh crore as loan under Micro Units Development and Refinance Agency Yojna during the current fiscal, MUDRA CEO Jiji Mammen said on Tuesday.

Mr Jaitley will review the progress made with regard to Micro Units Development & Refinance Agency (MUDRA) and Stand Up India programme, sources said.

Banks have so far disbursed over Rs 1.15 lakh crore under Pradhan Mantri MUDRA Yojana (PMMY), Financial Services Secretary Anjuly Chib Duggal said on Tuesday.

The Cabinet on Thursday approved conversion of MUDRA Ltd, an NBFC, into a bank and also setting up of a Credit Guarantee Fund for loans disbursed under the Pradhan Mantri Micro Units Development Refinance Agency (MUDRA) Yojana.

SKS Microfinance shares advanced 7 per cent to hit intra-day high of Rs 428.90 after the Micro Units Development & Refinance Agency (MUDRA) sanctioned a refinance line of Rs 100 crore to the micro-lender at an interest rate of 10 per cent per annum.

Prime Minister Narendra Modi today launched the Mudra scheme in Dumka under which people can take loans up to Rs 10 lakh to start businesses.

State-owned Corporation Bank on Saturday launched Mudra, or Micro Units Development and Refinance Agency, card for small enterprises, based on the RuPay platform.

A legislation to operationalize MUDRA (Micro Units Development and Refinance Agency) Bank is likely to be introduced in the winter session of Parliament, a top official said here on Friday.

Bank of Maharashtra and Mudra Bank have signed an agreement to finance new entrepreneurs and small businesses.

A government panel entrusted with the task of setting up the Micro Units Development and Refinance Agency or Mudra Bank will hold its second meeting in the capital on Thursday, a top official said here on Wednesday.

Reaching out to different sections of society, including farmers, Prime Minister Narendra Modi has said the well-being of "annadaata" is a priority for the government and their interests are non-negotiable.

Prime Minister Narendra Modi on Wednesday launched MUDRA Bank, or the Micro Units Development and Refinance Agency Bank, which will provide credit of up to Rs 10 lakh to small entrepreneurs and act as a regulator for 'micro-finance institutions (MFIs).

The people who go abroad do well due to low interest rates on loans which help them to take forward their ideas and opportunities, Minister of State for External Affairs VK Singh said today.

Facing heat for not being able to back its promises of job creation, the Centre and the BJP have repeatedly cited the success of its MUDRA scheme, an acronym for Micro Units Refinance and Development Agency, meant to promote lending to small businesses.

Of this amount, Rs 1,23,000 crore was lent by banks while non-banking institutions lent about Rs 57,000 crore.

Banks are expected to disburse Rs 1.80 lakh crore as loan under Micro Units Development and Refinance Agency Yojna during the current fiscal, MUDRA CEO Jiji Mammen said on Tuesday.

Mr Jaitley will review the progress made with regard to Micro Units Development & Refinance Agency (MUDRA) and Stand Up India programme, sources said.

Banks have so far disbursed over Rs 1.15 lakh crore under Pradhan Mantri MUDRA Yojana (PMMY), Financial Services Secretary Anjuly Chib Duggal said on Tuesday.

The Cabinet on Thursday approved conversion of MUDRA Ltd, an NBFC, into a bank and also setting up of a Credit Guarantee Fund for loans disbursed under the Pradhan Mantri Micro Units Development Refinance Agency (MUDRA) Yojana.

SKS Microfinance shares advanced 7 per cent to hit intra-day high of Rs 428.90 after the Micro Units Development & Refinance Agency (MUDRA) sanctioned a refinance line of Rs 100 crore to the micro-lender at an interest rate of 10 per cent per annum.

Prime Minister Narendra Modi today launched the Mudra scheme in Dumka under which people can take loans up to Rs 10 lakh to start businesses.

State-owned Corporation Bank on Saturday launched Mudra, or Micro Units Development and Refinance Agency, card for small enterprises, based on the RuPay platform.

A legislation to operationalize MUDRA (Micro Units Development and Refinance Agency) Bank is likely to be introduced in the winter session of Parliament, a top official said here on Friday.

Bank of Maharashtra and Mudra Bank have signed an agreement to finance new entrepreneurs and small businesses.

A government panel entrusted with the task of setting up the Micro Units Development and Refinance Agency or Mudra Bank will hold its second meeting in the capital on Thursday, a top official said here on Wednesday.

Reaching out to different sections of society, including farmers, Prime Minister Narendra Modi has said the well-being of "annadaata" is a priority for the government and their interests are non-negotiable.

Prime Minister Narendra Modi on Wednesday launched MUDRA Bank, or the Micro Units Development and Refinance Agency Bank, which will provide credit of up to Rs 10 lakh to small entrepreneurs and act as a regulator for 'micro-finance institutions (MFIs).