What is MUDRA

1. What is MUDRA
   Micro Units Development & Refinance Agency Ltd
   Announced by Hon'ble Finance Minister while presenting Union budget for Financial Year 2016
   Purpose is to provide funding to non corporate small business sector (NCSBS)
   To begin with, it is being set up as a subsidiary of SIDBI(Small Industries Development Bank of India)

2. MUDRA would be reponsible for refinancing all last mile financiers such as Non Banking Finance Compaines(NBFC) of various types engaged in financing of small businesses, societies,trusts,Section 8 companies( formerly Section 25),Co-operative societies,Small Banks, Commercial Scheduled Banks and Regional Rural Banks which are in the business of lending to micro/small business entities engaged in manufacturing, trading and service activities.

3. Offerings of MUDRA
    Shishu  : covering loan upto 50000/-
    Kishor  : Covering loan above 50000/- and up to5 Lakh  
    Tarun    : Covering loan above 5 Lakh  to 10 Lakh

4. Who are the Target Client of MUDRA
     Small manufacturing units, service sector units,  Shopkeepers, fruit/vegetable vendors, truck operators, food-service units, repair shops, machine operators, small industries, artisans, food processors and others in rural and urban areas.

visit http://www.mudra.org.in/ for more details