Are you ready to establish micro-enterprise.
Micro Units Development and Refinance Agency Ltd. [MUDRA] is an NBFC supporting development of micro enterprise sector in the country.
MUDRA is an NBFC that promotes the growth of the nation's microbusiness sector. When banks or microfinance institutions want to lend money to small businesses, MUDRA offers refinance support. MUDRA offers refinancing to microbusinesses as part of the Pradhan Mantri MUDRA Yojana Scheme. The additional goods are for the industry's development support. Below is a representation of MUDRA's bouquet of offerings. All beneficiary segments are being targeted with the offerings.
MUDRA provides incentives through these interventions to denote the stage of growth/development and financial requirements of the recipient micro unit/entrepreneur and also serves as a reference point for the next phase of graduation/growth to look forward to:
> Shishu : covering loans upto 50,000/-
> Kishor : covering loans above 50,000/- and upto 5 lakh
> Tarun : covering loans above 5 lakh and upto 10 lakh
Objective Of The Scheme:
Mudra loans are given out for a number of things that generate income and create jobs. The principal purposes of the loans are:
>Business loans for traders, shopkeepers, vendors, and other service-related businesses;
>Work capital credit made possible with MUDRA Cards;
>Equipment Finance for Micro Units;
>Transport Vehicle Loans
For more information: https://www.startupindia.gov.in/content/sih/en/government-schemes/micro-units-development-refinance-agency.html