MUDRA Bank: 11 Facts to Know

BENGALURU: The Government of India has taken another leap forth to accelerate the ‘Make in India’ process. Prime Minister Narendra Modi launched the much needed Mudra Bank to help small entrepreneurs get loan to start a business. This is complemented with probable changes in the clearance and approval procedures to set up a business.

As the Prime Minister launches the ambitious bank, we bring to your notice 11 important features compiled by DNA, about Mudra we ought to know:

MUDRA: What does it stand for?

Mudra Bank stands for Micro Units Development Refinance Agency (MUDRA), the objective of the bank is self-explanatory. Also Mudra in Hindi means monetary capital. Mudra is a bank that is set up solely to encourage small entrepreneurs from urban and rural regions. The initiative has been taken with an intention to bring entrepreneurs from across the country into mainland business.

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