Mudra Bank Loan Yojana (Hindi)

MUDRA is your guide, providing information regarding MUDRA Yojana in details.Micro Units Development and Refinance Agency (MUDRA) is a financial initiative by PM Narendra Modi, crated in order to facilitate the micro units and provide them sufficient funds in order to develop. Small businesses are often unable to avail loans from banks because of lack of collateral and insufficient funds to pay off the interest. There are almost 577 crore small businesses currently functioning in India. According to the PM, helping these businesses grow would in turn lead to the development of the Indian economy. Hence, this scheme was launched. MUDRA is still not a fully fledged bank and is in its initial stages.
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