In the Budget of 2015-16, the government proposed creation of a Micro Units Development Refinance Agency titled MUDRA Bank. Some of its features are as follows: The bank will be built with a corpus of Rs. 20,000 crores and a credit guarantee corpus of Rs. 3,000 crore. Mudra will refinance MFIs (microfinance institutions) through the

Re-vitalizing the MSMEs

What is the significance and contribution of MSMEs in Indian economic growth? What are hurdles to its development and the initiatives of GOI to revamp the industry?