MUDRA Bank Current Affairs, GK & News
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 ..
The Union Minister for Tribal Affairs, Arjun Munda launched “GOAL Programme”. GOAL Programme is Going Online As Leaders. The programme has been launched in partnership with Facebook. Highlights The programme is being launched to provide mentorship to the tribal youth in digital mode. This will act as catalyst to bring out more hidden talents of ..
Month: Current Affairs - May, 2020
Category: Government Schemes Current Affairs
The Reserve Bank of India (RBI) had constituted an Expert Committee on Micro, Small and Medium Enterprises under the chairmanship U K Sinha to suggest long-term measures for the economic and financial sustainability of the MSME sector. Recommendations of the Committee The committee has proposed doubling the limit on collateral-free loans to Rs 20 lakh ..
The Union Cabinet has approved creation of a Credit Guarantee Fund (CGF) for Micro Units Development Refinance Agency (MUDRA) loans. The CGF is expected to guarantee more than 1,00,000 crore rupees worth of loans to micro and small units in the first instance. Features of scheme Credit Guarantee Fund for MUDRA Units (CGFMU) will guarantee ..
Micro Units Development and Refinance Agency (MUDRA) Ltd. Bank was launched on 8 April, 2015 as a subsidiary of SIDBI. It has been registered as an NBFC with the Reserve Bank and within a year, the government intends to come out with a legislation to convert the NBFC into a bank. The aim MUDRA is to ..
Topics: MUDRA Bank
Prime Minister Narendra Modi on 8 April 2015 launched Micro Units Development Re-finance Agency (MUDRA) Bank in New Delhi. MUDRA Bank will act as a regulator for ‘Micro-Finance Institutions’ (MFIs) involved in manufacturing, trading and service activities to promote their growth. The Pradhan Mantri MUDRA Yojana will be the main support system for the bank ..