MUDRA BANK

MUDRA

It is converted from NBFC

HEAD QUATER- NEW DELHI
Micro units development and refinance agency ltd

Jiji Mammen, CEO of Mudra Bank

Importance
— covered by SIDBI
— to cover mainly sc/sts and BCs
— to cover 5.11 billion enterputers
— intial capital 20000 crores
— intial corpus 3000 crores
— started in budget 2015-16
— comes under PMMY ( Pradhan mantri mudra yojana )
— 1.80 lakh crores allocated under 2016-17 budget

Types of loans :< /b>
Sishu — upto 50000
Kishore- (50000 – 5 lakhs )
Tarun — ( 5lakhs –10 lakhs )

Note : 60℅ loans distribution through sishu only

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