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MUDRA Bank News

07 Feb 2016

Rs 1 lakh crore loan disbursed under MUDRA Yojana: PM Modi

Loans worth about Rs 1 lakh crore have been sanctioned to small entrepreneurs under the Pradhan Mantri MUDRA Yojana, Prime Minister Narendra Modi said today, emphasising that the government wants youth to be job creators and not job seekers.

Ibnvestment in Bihar

08 Nov 2015

Post-Bihar, industry wants Centre to focus on reforms

Pledging its support to big-ticket investments in Bihar following the Nitish Kumar-led Grand Alliance's thumping victory, India Inc today sought a renewed focus by the Modi government at Centre on economic reforms.

SKS Microfinance

28 Oct 2015

SKS Microfinance gets Rs 100 cr refinance line from Mudra

SKS Microfinance Wednesday said Micro Units Development and Refinance Agency (Mudra) has sanctioned a refinance line of Rs 100 crore to the company at 10 percent per annum to extend finance to micro entrepreneurs.

22 Oct 2015

"Small episodes" cannot damage Hindu culture: Bhagwat

With incidents like Dadri lynching sparking outrage, RSS chief Mohan Bhagwat today said "small episodes" that "get exaggerated" cannot damage Hindu culture and the country will always "stand as one".

05 Oct 2015

Women cash in on collateral-free loans offered by Mudra Bank

The bankers said that a majority of the loans are from street vendors, tea stall owners, beauty parlour and boutique owners or for purchasing auto rickshaws or setting up a repair shop.

28 Sep 2015

'Rs 24,000-crore loans disbursed under Mudra Yojana'

The total credit disbursed to millions of small entrepreneurs across the country under the Centre's ambitious Pradhan Mantri MUDRA Yojana stands at around Rs 24,000 crore, Mudra Bank CEO Jiji Mammen said here on Monday.

27 Sep 2015

Govt's intent not to give 'buksheesh' to people: FM Jaitley

Confident about MUDRA loan scheme benefitting the weakest section of the society, Finance Minister Arun Jaitley on Sunday said the government's intent is not to give any "buksheesh" (tip) but to make people economically self-sufficient.

Finance Ministry

06 Sep 2015

Finance Ministry may introduce MUDRA Bill in Budget session

The existing Pradhan Mantri Micro Units Development and Refinance Agency (MUDRA) Yojana is being executed through NBFC registered with RBI.

01 Sep 2015

Senior BJP leaders to discuss, review Mudra Scheme

BJP President Amit shah has called a meeting to discuss the functionality and implementation of Mudra Bank. More than a dozen senior BJP leaders will attend the meeting scheduled for Tuesday.

Parliament session

18 Aug 2015

India becoming more aspirational than politicians: Jaitley

Terming the recent Parliament session as 'virtually wasted', Finance Minister Arun Jaitley today said policymakers and "obstructionist" politicians must gauge the public mood before taking a position on reforms.

07 Jul 2015

IDBI signs refinance agreement with Mudra Bank

State-run IDBI Bank on Tuesday said it has signed an agreement with Mudra Bank for refinancing of loans given to small enterprises.

25 Jun 2015

Mudra Bank panel to meet today

Mammen said Mudra Bank has already received a non-banking finance company (NBFC) licence from the Reserve Bank of India (RBI) and is registered under the Companies Act.

Loans to small businesses

12 Jun 2015

Loans to small businesses may double to Rs 1lakh cr: Jaitley

Officials from the Department of Financial Services (DFS) updated the Finance Minister on the subsequent steps taken in this regard following the setting up of MUDRA Bank.

Centre on Skill India

05 Jun 2015

Centre plans 500 incubation centres to skill professionals

These centres would be on the PPP model and initially Rs 200 crore would be allotted for setting them up, particularly in districts, he said. He added that the Government wants to make the MSME sector competitive through technological innovation.

08 Apr 2015

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

The Micro Units Development and Refinance Agency Ltd (MUDRA) will focus on the 5.75 crore self-employed who use funds of Rs 11 lakh crore and provide jobs to 12 crore people, he said.

08 Apr 2015

MUDRA Bank Bill to be in Parliament within 12 months: Adhia

The MUDRA Bill will seek to create a financial institution for providing funding to 5.77 crore micro and small business entities engaged in manufacturing, trading and services.

09 Apr 2015

PM Narendra Modi launches Rs 20,000 crore MUDRA Bank

Prime Minister Narendra Modi on Wednesday launched MUDRA Bank which will provide credit of up to Rs 10 lakh to small entrepreneurs and act as a regulator for 'Micro-Finance Institutions' (MFIs).

22 Mar 2015

Stakeholders' meet to discuss setting up Mudra Bank on March 25

Finance Ministry has called the first meeting of all stakeholders, including MSME and microfinance institutions, on March 25 for discussing formalisation of structure of the Rs 20,000-crore Mudra Bank.

06 Mar 2015

MUDRA Bank can be positive for microfinance sector: ICRA

With Non Banking Finance Companies- Microfinance Institutions (NBFC-MFIs) likely to have overall debt of Rs 360 billion to Rs 420 billion by March 2016, re-finance from MUDRA Bank could constitute a major portion of the overall debt of the MFIs, according to rating agency ICRA.

05 Mar 2015

Funding the unfunded: India helps small business borrow to grow

A new bank announced in the annual budget last week could boost loans and cut borrowing costs for the country`s cash-starved small businesses - tailors, mechanics and phone booth operators who account for around a fifth of the economy.

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