MUDRA Current Affairs, GK & News

Inclusion of individual loans under ECLGS approved

The government has given the approval for inclusion of individual loans under the Emergency Credit Line Guarantee Scheme. The government has taken this decision after extensive discussions with the stakeholders and all the individual loans taken for business purposes will be considered under this guarantee scheme. Highlights The government has increased the outstanding loans limit ..

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Pradhan Mantri Mudra Yojana

On June 24, 2020, the Union Cabinet under PM Modi approved the scheme for interest subvention of 2% to all Shishu loans under Pradhan Mantri Mudra Yojana (PMMY). Highlights The scheme is to be extended to loans that will meet the following criteria The Outstanding loans as on March 31, 2020 The loans that are ..

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The 29th edition of world-famous International Yoga Festival (IYF-2018) held in Uttarakhand

The week-long 29th edition of the world-famous International Yoga Festival (IYF-2018) was held at Parmarth Niketan in Rishikesh, Uttarakhand from March 1-7, 2018. The IYF offers daily classes from 4 a.m. until 9:30 p.m. with more than 80 revered saints, yogacharyas, presenters and experts from nearly 20 countries around the world. There are also classes ..

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Critical Analysis: How Can MUDRA Bank Make a Difference to the Economy?

According to the NSSO survey of 2013, there are 5.77 crore small business units, mostly individual proprietorships, which run small manufacturing, trading or services activities. Most of these ‘own account enterprises’ are owned by people belonging to Scheduled Caste, Scheduled Tribe or Other Backward Classes. However, only 4% of such units get institutional finance. Therefore, ..

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Various Issues Around Mudra Bank

Mudra Bank has a number of roles and responsibilities. Apart from the primary responsibility to finance the Non – Corporate Small Business Sector (NCSBS), it also has to refinance the MFI’s; setting down policies and guidelines for MFIs, and regulating and rating MFIs. Thus, in the form of MUDRA, we have one institution that is ..

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