More than five crore small businesses to get access to institutional finance
The Dollar Business Bureau The Prime Minister of India, Narendra Modi, will be launching on Wednesday, the Micro Units Development and Refinance Agency Ltd (MUDRA) - a Bank that will help the small-scale enterprises. The information to this effect was provided by an official press release of the Ministry of Finance, Government of India. The MUDRA Bank, to be set up, will help all the Micro-Finance Institutions (MFI) involved in the process of extending financial support to the micro and small-scale enterprises. The scheme would be responsible for developing and refinancing all the MFIs involved in lending business to the micro business entities engaged in manufacturing, trading and service activities. MUDRA, which is coming as a financial and developmental support ...
