A complets overvies of MUDRA Scheme, eligibility vriteria, partner banks, details about Shishu, Kishore and Tarun Products, where to apply, all terms and condition about the Offer
MUDRA (Micro Units Development and Refinance Agency) was launched in 2015 to provide financial assistance to small businesses and entrepreneurs. It aims to support businesses in manufacturing, services, and trading with loan amounts between Rs. 50,000 to Rs. 10,00,000 across three categories. Eligible businesses include small manufacturers, shopkeepers, artisans, etc. Loans have benefits like low interest rates between 9-12%, flexible repayment periods, and no collateral requirements. Upon approval, applicants receive a MUDRA card that can be used like an ATM/debit card to access funds and make purchases.
MUDRA Bank provides business loans to small businesses and entrepreneurs in India. It operates as a refinancing institution through intermediaries. There are three types of loans - Shishu for loans up to 50,000 INR, Kishor for loans between 50,000-5 lakhs INR, and Tarun for loans between 5-10 lakhs INR. Eligible businesses include small shops, food vendors, artisans, and other non-farm businesses. The goal is to empower small businesses and generate employment opportunities in India.
This document summarizes the key features of the MUDRA Loan Scheme introduced by the Government of India to provide loans up to 10 lakh rupees to micro enterprises and individuals for income generating activities. Some key points:
- MUDRA loans are available in 3 categories (Shishu, Kishore, Tarun) for activities like manufacturing, trading, services up to 10 lakh rupees.
- Eligible borrowers include individuals, proprietorships, partnerships and private companies engaged in micro enterprises.
- The loans can be used for term loans, working capital or marketing purposes for income generating micro business activities.
- Interest rates are decided by banks within reasonable limits and
This document provides an overview of the Mudra Yojana loan scheme in India. It discusses that the scheme was launched in 2015 to provide financial support to small businesses and entrepreneurs. It offers three types of loans - Shishu for startups up to Rs. 50,000, Kishore for established small businesses up to Rs. 5 lakhs, and Tarun for expanding businesses up to Rs. 10 lakhs. Eligible applicants must be Indian citizens with identity proof operating micro or small businesses. The loans aim to stabilize the microfinance sector, provide credit support, and increase entrepreneurial success to boost the Indian economy.
The document summarizes the Mudra Yojana loan scheme in India. It discusses that the scheme was launched in 2015 to provide financial support to small businesses and entrepreneurs. It offers three types of loans - Shishu for startups up to Rs. 50,000, Kishore for established small businesses up to Rs. 5 lakhs, and Tarun for expanding businesses up to Rs. 10 lakhs. Indian citizens engaged in small businesses can apply through participating banks. The loans aim to promote financial inclusion, entrepreneurship and boost the Indian economy through job creation and increased demand.
This document provides an overview of the MUDRA Loan Bank scheme in India. The key points are:
1. MUDRA Loan Bank was launched in 2015 by Prime Minister Modi to provide financial support to small businesses and entrepreneurs.
2. There are three types of MUDRA loans - Shishu for startups up to Rs. 50,000, Kishore for established small businesses up to Rs. 5 lacs, and Tarun for expanding businesses up to Rs. 10 lacs.
3. Eligibility includes being an Indian citizen with a micro or small business. Loans can be applied for through participating banks.
4. The goals of the program are to support the micro
The document provides a summary of findings from MicroSave's evaluation of the Pradhan Mantri Mudra Yojana (PMMY) scheme. Some key findings include:
- Banks have exceeded MFIs in meeting the objectives of the PMMY scheme through better customer targeting, products, and processes. However, banks are cautiously disbursing loans and pre-selecting low-risk customers.
- MUDRA loans have had a positive impact on MSME finances but loan amounts are often not aligned with business needs. Low program awareness makes some customers vulnerable to fraud.
- Banks provide larger loan amounts at lower interest rates than MFIs. However, MFI outreach is growing slower
The Pradhan Mantri Mudra Yojana (PMMY) is a government scheme that provides loans of up to 10 lakhs to small business owners and entrepreneurs. The scheme aims to provide funding to small businesses that do not have access to formal banking credit. There are three types of loans under PMMY - Shishu loans of up to 50,000 rupees, Kishor loans between 50,000-5 lakhs, and Tarun loans between 5-10 lakhs. Eligible individuals can apply for these loans at public sector banks, regional rural banks, cooperative banks, private banks, microfinance institutions or NBFCs by providing identity, residence and business proofs along
MUDRA (Micro Units Development and Refinance Agency) was launched in 2015 to provide financial assistance to small businesses and entrepreneurs. It aims to support businesses in manufacturing, services, and trading with loan amounts between Rs. 50,000 to Rs. 10,00,000 across three categories. Eligible businesses include small manufacturers, shopkeepers, artisans, etc. Loans have benefits like low interest rates between 9-12%, flexible repayment periods, and no collateral requirements. Upon approval, applicants receive a MUDRA card that can be used like an ATM/debit card to access funds and make purchases.
MUDRA Bank provides business loans to small businesses and entrepreneurs in India. It operates as a refinancing institution through intermediaries. There are three types of loans - Shishu for loans up to 50,000 INR, Kishor for loans between 50,000-5 lakhs INR, and Tarun for loans between 5-10 lakhs INR. Eligible businesses include small shops, food vendors, artisans, and other non-farm businesses. The goal is to empower small businesses and generate employment opportunities in India.
This document summarizes the key features of the MUDRA Loan Scheme introduced by the Government of India to provide loans up to 10 lakh rupees to micro enterprises and individuals for income generating activities. Some key points:
- MUDRA loans are available in 3 categories (Shishu, Kishore, Tarun) for activities like manufacturing, trading, services up to 10 lakh rupees.
- Eligible borrowers include individuals, proprietorships, partnerships and private companies engaged in micro enterprises.
- The loans can be used for term loans, working capital or marketing purposes for income generating micro business activities.
- Interest rates are decided by banks within reasonable limits and
This document provides an overview of the Mudra Yojana loan scheme in India. It discusses that the scheme was launched in 2015 to provide financial support to small businesses and entrepreneurs. It offers three types of loans - Shishu for startups up to Rs. 50,000, Kishore for established small businesses up to Rs. 5 lakhs, and Tarun for expanding businesses up to Rs. 10 lakhs. Eligible applicants must be Indian citizens with identity proof operating micro or small businesses. The loans aim to stabilize the microfinance sector, provide credit support, and increase entrepreneurial success to boost the Indian economy.
The document summarizes the Mudra Yojana loan scheme in India. It discusses that the scheme was launched in 2015 to provide financial support to small businesses and entrepreneurs. It offers three types of loans - Shishu for startups up to Rs. 50,000, Kishore for established small businesses up to Rs. 5 lakhs, and Tarun for expanding businesses up to Rs. 10 lakhs. Indian citizens engaged in small businesses can apply through participating banks. The loans aim to promote financial inclusion, entrepreneurship and boost the Indian economy through job creation and increased demand.
This document provides an overview of the MUDRA Loan Bank scheme in India. The key points are:
1. MUDRA Loan Bank was launched in 2015 by Prime Minister Modi to provide financial support to small businesses and entrepreneurs.
2. There are three types of MUDRA loans - Shishu for startups up to Rs. 50,000, Kishore for established small businesses up to Rs. 5 lacs, and Tarun for expanding businesses up to Rs. 10 lacs.
3. Eligibility includes being an Indian citizen with a micro or small business. Loans can be applied for through participating banks.
4. The goals of the program are to support the micro
The document provides a summary of findings from MicroSave's evaluation of the Pradhan Mantri Mudra Yojana (PMMY) scheme. Some key findings include:
- Banks have exceeded MFIs in meeting the objectives of the PMMY scheme through better customer targeting, products, and processes. However, banks are cautiously disbursing loans and pre-selecting low-risk customers.
- MUDRA loans have had a positive impact on MSME finances but loan amounts are often not aligned with business needs. Low program awareness makes some customers vulnerable to fraud.
- Banks provide larger loan amounts at lower interest rates than MFIs. However, MFI outreach is growing slower
The Pradhan Mantri Mudra Yojana (PMMY) is a government scheme that provides loans of up to 10 lakhs to small business owners and entrepreneurs. The scheme aims to provide funding to small businesses that do not have access to formal banking credit. There are three types of loans under PMMY - Shishu loans of up to 50,000 rupees, Kishor loans between 50,000-5 lakhs, and Tarun loans between 5-10 lakhs. Eligible individuals can apply for these loans at public sector banks, regional rural banks, cooperative banks, private banks, microfinance institutions or NBFCs by providing identity, residence and business proofs along
Presentation on Mudra yojana by kartik parasharKartik Parashar
This ppt is all about the Pradhan Mantri Mudra Yojana cover its purpose, elegibility, as well as sectors covered under the schemeand also various other information related to scheme.
A PRESENTATION ON MUDRA BANK.
Micro Units Development and Refinance Agency Bank (or MUDRA Bank) is a public sector financial institution in India. It provides loans at low rates to micro-finance institutions and non-banking financial institutions which then provide credit to MSMEs. It was launched by Prime Minister Narendra Modi on 8 April 2015.
MUDRA has been formed with primary objective of developing the micro enterprise sector in the country by extending various support including financial support in the form of refinance, so as to achieve the goal of “funding the unfunded”. The GOI Press release of 2 March 2015 has laid down the roles and responsibilities of MUDRA.
Subsequently GOI has also decided that MUDRA will provide refinance support, monitor the PMMY data by managing the web portal, facilitate offering guarantees for loans granted under PMMY and take up other activities assigned to it from time to time. Accordingly MUDRA has been carrying out these functions over the last one year.
As per the guidelines of Micro Units Development and Refinance Agency Ltd (MUDRA) MUDRA Card is formulated to meet the working capital needs of the micro enterprises. MUDRA loans are extended to Micro enterprises engaged in trading, service and manufacturing activities and the maximum eligible loan amount under the scheme is Rs.10.00 lakhs. The MUDRA card is a debit card on a Rupay payment platform issued to the Micro entrepreneurs who have availed the working capital loan from the Bank under Prdhan Mantri Mudra Yojana (PMMY). Bank has launched the MUDRA card on 29-08-2015. The maximum card limit under the scheme is Rs.10.00 lakhs. The card can be used for cash withdrawal at ATMs and also for merchant banking. The limit fixed to the card is valid up to due date of the OD limit and validity of Card is 5 years.
The major constraints faced by the myriad of the micro enterprises along the length and breadth of the country include :
• Access to Finance
• Skill Development Gaps
• Knowledge Gaps
• Infrastructure Gaps
• Policy Advocacy Needs
• Information Asymmetry
• Lack of growth orientation
• Lack of Market Development / Market Making
• Entry Level Technologies
This document is a project report submitted to Himachal Pradesh Technical University in partial fulfillment of an MBA degree. The report studies awareness of the Pradhan Mantri Mudra Yojana (PMMY) scheme in Kangra district of Himachal Pradesh. It contains an introduction to PMMY, literature review, research methodology including data collection and analysis, data interpretation and findings. The project assesses awareness levels among respondents about various aspects of the PMMY scheme such as objectives, loan limits, eligibility, and process for availing loans. It aims to evaluate how effective PMMY has been in promoting financial inclusion and micro-enterprises.
This document provides information on financial inclusion through MUDRA loans in India. It defines financial inclusion and exclusion, and lists the goals of financial inclusion such as access to affordable financial services and competition. It then discusses MUDRA Bank which provides loans to small businesses and entrepreneurs. MUDRA Bank launched three initiatives - Shishu, Kishor and Tarun - to classify loans based on business growth stage. It also outlines the loan amounts under each category and steps taken by the government like the Pradhan Mantri MUDRA Yojana to promote financial inclusion through MUDRA loans.
MUDRA in a short span of about 7 months has been showing impressive performance in terms of statistics revealed. However, the impact on the ground appears to be missing. There are some unanswered questions which this presentation lists out and some suggestions on how and what needs to be done.
MUDRA was formed by the Government of India to provide funding to small businesses and entrepreneurs. It aims to fulfill the financial needs of micro enterprises by providing loans and refinancing through banks, NBFCs, and MFIs. Pradhan Mantri Mudra Yojana (PMMY) loans of up to Rs. 10 lakh are extended to fund non-farm business activities. MFIs have contributed significantly to financing women entrepreneurs, accounting for 79% of the 3.49 crore PMMY accounts. MUDRA hopes to achieve its disbursement target of Rs. 1,80,000 crore for 2016-17 with continued support from partner institutions.
Micro Units Development and Refinance Agency (MUDRA)Amit Kale
MUDRA is a bank that will regulate and refinance microfinance institutions that provide loans to micro and small businesses. It will partner with state and regional organizations to finance last mile lenders for small/micro enterprises. MUDRA's responsibilities include setting lending guidelines, registering and regulating MFIs, guaranteeing loans, and creating an architecture for last mile credit delivery under the Pradhan Mantri Mudra Yojana program. The 2015 budget allocated 20,000 crore rupees to MUDRA's corpus and 3,000 crore rupees to its credit guarantee corpus to support India's estimated 5.77 crore small business units, most of which are owned by disadvantaged groups and
The document discusses the Micro Units Development and Refinance Agency (MUDRA) Bank, a public sector financial institution in India. MUDRA Bank provides loan facilities at lower rates to microfinance institutions and small businesses. It was launched in 2015 under the Pradhan Mantri MUDRA Yojana scheme to offer affordable credit to small businesses and entrepreneurs. MUDRA Bank serves as a refinancing body and regulator for microfinance institutions. It provides loan categories up to Rs. 50,000 for new businesses and up to Rs. 5 lakhs for established small businesses.
Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a national mission launched in 2014 to ensure universal access to banking facilities. The scheme provides basic bank accounts with overdraft facilities, debit cards, accident and life insurance, and access to pension and savings plans. Over 17.74 crore accounts have been opened under PMJDY as of August 2015, with over 11 crore people enrolled in related insurance and pension plans. The percentage of zero-balance accounts under the scheme has declined from 76% to 24% since its launch.
Narendra Modi’s MUDRA yojana spells trouble for banks; bad loans jump 53%VirendraBodele
a business news analysis
in this analysis, we research the mudra yojana how a bank face loss,
Bad loans, or NPAs, under Mudra scheme in the first nine months of the current financial year 2018-19 have increased almost 53 percent to Rs 14,930.98 crore from Rs 9,769.99 crore last year, according to the obtained under the RTI Act from the Micro Units Development and Refinance Agency (MUDRA)
MUDRA (Micro Units Development and Refinance Agency) is a bank that will regulate and refinance microfinance institutions lending to micro/small businesses. It will partner with state and regional organizations to provide last mile financing for small businesses. MUDRA will be responsible for policy guidelines, registration/regulation, accreditation of MFIs, promoting technology, and a credit guarantee scheme. It has a corpus of Rs. 20,000 crore and Rs. 3,000 crore credit guarantee fund to provide loans up to Rs. 10 lakh to small business units at 7% interest. MUDRA aims to boost small businesses, rural employment, GDP, infrastructure and reduce poverty.
Financial performance of selected banks in patiala punjab national bank unio...IAEME Publication
This document analyzes the financial performance of selected public and private sector banks in Patiala, Punjab between 2009-2012. It specifically examines Punjab National Bank and Union Bank of India as public sector banks, looking at trends in deposits and advances. Deposits at PNB's Model Town branch grew steadily over the period, led by savings accounts. Short-term loans comprised about half of PNB's total advances. The study aims to compare profitability between public and private banks and suggest measures for improved performance.
The document discusses the Pradhan Mantri Jan Dhan Yojana (PMJDY), a national financial inclusion mission launched in India in 2014. It aims to provide universal access to banking services like basic savings accounts, need-based credit, remittances and insurance. The key benefits of accounts under PMJDY include interest on deposits, accidental insurance of Rs. 1 lakh, no minimum balance requirement, life insurance of Rs. 30,000 and easy money transfers. Microfinance is also discussed as a tool to provide financial services like credit, savings and insurance to low-income households for self-employment and poverty alleviation. The evolution, key players and models of microfinance in India are outlined.
PM Jan-Dhan Yojana - Features & Benefits - (Part-9)Resurgent India
The document outlines the key features and benefits of the Pradhan Mantri Jan-Dhan Yojana (PMJDY) scheme. The main features include zero-balance savings accounts, interest paid on balances, RuPay debit cards, checkbooks and passbooks. Documentation is minimal, with Aadhar identification and temporary accounts available. Mobile and internet banking are supported. Additional benefits include accident insurance of Rs. 1 lakh for RuPay card holders, overdraft facilities after 6 months, and access to pension and insurance products. The scheme aims to increase bank account access and reduce dependency on money lenders.
The Stand Up India scheme was launched in 2016 to promote entrepreneurship among women, Scheduled Castes, and Scheduled Tribes. It offers loans between 10 lakh and 1 crore rupees to help these individuals start new non-farm businesses. The key features of the scheme include composite loans with up to 7 years to repay, debit cards to access working capital, credit guarantees to encourage bank lending, and various support services for entrepreneurs.
linkage between banks/financial institutions and entrepreneurssharda university
Banks play an important role in supporting women entrepreneurs in India. They provide business loans and lines of credit to help women start and grow their businesses. Several government schemes also exist to promote entrepreneurship among women, such as low interest rate loans specifically for women-led businesses in industries like food catering, retail, and small enterprises. Banks and other financial institutions aim to make it easier for women to access funding, working capital, and technical support needed to successfully operate their businesses.
The Mudhra scheme provides loans to young entrepreneurs through Micro Units Development and Refinance Agency (MUDRA) Bank. It offers loans divided into three categories - Shishu (up to Rs. 50,000), Kishore (Rs. 50,000 to Rs. 5,00,000), and Tarun (Rs. 5,00,000 to Rs. 10,00,000). Under the scheme, banks have disbursed over Rs. 240 billion to 27 lakh small entrepreneurs. The scheme aims to promote entrepreneurship and help develop small scale industries in India.
Pradhan Mantri Jan Dhan Yojna (PMJDY) _ Economics Rajat Seth
The document summarizes the key differences between the previous Swabhimaan financial inclusion plan and the current Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme. Swabhimaan focused on bringing banking services to villages with populations over 2,000 by 2012, using business correspondents. PMJDY has a more comprehensive nationwide coverage targeting access to banking facilities for all households across rural and urban areas, along with additional benefits like insurance coverage and overdraft facilities.
The Mudra Yojana is an Indian government program that provides loans up to 10 lakh rupees to small businesses and entrepreneurs. It aims to help small traders and industries gain access to capital by providing working capital and other financial assistance. Under the program, loans are divided into three categories - Shishu, Kishore, and Tarun - providing funding between Rs. 50,000 to Rs. 10 lakh. So far, over 12 crore entrepreneurs have received over Rs. 6 crore in loans to start or expand their businesses through commercial banks participating in the program.
JAN DHAN YOJNA COMPLETE PROJECT(SUMEET SARASWATA)Sumit SARASWAT
Union Bank of India has played a proactive role in India's economic growth by providing credit to different sectors. It has over 4,200 branches across India. The Pradhan Mantri Jan Dhan Yojana (PMJDY) financial inclusion scheme aims to provide bank accounts to all households, and over 17.45 crore accounts were opened by August 2015, with Rs. 22,032.68 crore deposited. PMJDY has positively impacted banks like Union Bank by expanding customer base and increasing deposits.
The document provides information on various types of banks in India including commercial banks, public sector banks, private sector banks, foreign banks, small finance banks, payments banks, regional rural banks, and cooperative banks. It lists examples of banks for each category along with their headquarters and years established. The document aims to educate the reader on the Indian banking system and the roles served by different kinds of banks.
The document discusses various types of banks in India such as commercial banks, public sector banks, private sector banks, foreign banks, cooperative banks, small finance banks, regional rural banks, and payment banks. It provides lists of banks under each category along with their names, years of establishment, headquarters, and current CEOs. Public sector banks are owned by the government while private sector banks are privately owned and operate for profit. Foreign banks open branches in other countries to better serve multinational customers. Cooperative banks are owned and operated by their members.
Presentation on Mudra yojana by kartik parasharKartik Parashar
This ppt is all about the Pradhan Mantri Mudra Yojana cover its purpose, elegibility, as well as sectors covered under the schemeand also various other information related to scheme.
A PRESENTATION ON MUDRA BANK.
Micro Units Development and Refinance Agency Bank (or MUDRA Bank) is a public sector financial institution in India. It provides loans at low rates to micro-finance institutions and non-banking financial institutions which then provide credit to MSMEs. It was launched by Prime Minister Narendra Modi on 8 April 2015.
MUDRA has been formed with primary objective of developing the micro enterprise sector in the country by extending various support including financial support in the form of refinance, so as to achieve the goal of “funding the unfunded”. The GOI Press release of 2 March 2015 has laid down the roles and responsibilities of MUDRA.
Subsequently GOI has also decided that MUDRA will provide refinance support, monitor the PMMY data by managing the web portal, facilitate offering guarantees for loans granted under PMMY and take up other activities assigned to it from time to time. Accordingly MUDRA has been carrying out these functions over the last one year.
As per the guidelines of Micro Units Development and Refinance Agency Ltd (MUDRA) MUDRA Card is formulated to meet the working capital needs of the micro enterprises. MUDRA loans are extended to Micro enterprises engaged in trading, service and manufacturing activities and the maximum eligible loan amount under the scheme is Rs.10.00 lakhs. The MUDRA card is a debit card on a Rupay payment platform issued to the Micro entrepreneurs who have availed the working capital loan from the Bank under Prdhan Mantri Mudra Yojana (PMMY). Bank has launched the MUDRA card on 29-08-2015. The maximum card limit under the scheme is Rs.10.00 lakhs. The card can be used for cash withdrawal at ATMs and also for merchant banking. The limit fixed to the card is valid up to due date of the OD limit and validity of Card is 5 years.
The major constraints faced by the myriad of the micro enterprises along the length and breadth of the country include :
• Access to Finance
• Skill Development Gaps
• Knowledge Gaps
• Infrastructure Gaps
• Policy Advocacy Needs
• Information Asymmetry
• Lack of growth orientation
• Lack of Market Development / Market Making
• Entry Level Technologies
This document is a project report submitted to Himachal Pradesh Technical University in partial fulfillment of an MBA degree. The report studies awareness of the Pradhan Mantri Mudra Yojana (PMMY) scheme in Kangra district of Himachal Pradesh. It contains an introduction to PMMY, literature review, research methodology including data collection and analysis, data interpretation and findings. The project assesses awareness levels among respondents about various aspects of the PMMY scheme such as objectives, loan limits, eligibility, and process for availing loans. It aims to evaluate how effective PMMY has been in promoting financial inclusion and micro-enterprises.
This document provides information on financial inclusion through MUDRA loans in India. It defines financial inclusion and exclusion, and lists the goals of financial inclusion such as access to affordable financial services and competition. It then discusses MUDRA Bank which provides loans to small businesses and entrepreneurs. MUDRA Bank launched three initiatives - Shishu, Kishor and Tarun - to classify loans based on business growth stage. It also outlines the loan amounts under each category and steps taken by the government like the Pradhan Mantri MUDRA Yojana to promote financial inclusion through MUDRA loans.
MUDRA in a short span of about 7 months has been showing impressive performance in terms of statistics revealed. However, the impact on the ground appears to be missing. There are some unanswered questions which this presentation lists out and some suggestions on how and what needs to be done.
MUDRA was formed by the Government of India to provide funding to small businesses and entrepreneurs. It aims to fulfill the financial needs of micro enterprises by providing loans and refinancing through banks, NBFCs, and MFIs. Pradhan Mantri Mudra Yojana (PMMY) loans of up to Rs. 10 lakh are extended to fund non-farm business activities. MFIs have contributed significantly to financing women entrepreneurs, accounting for 79% of the 3.49 crore PMMY accounts. MUDRA hopes to achieve its disbursement target of Rs. 1,80,000 crore for 2016-17 with continued support from partner institutions.
Micro Units Development and Refinance Agency (MUDRA)Amit Kale
MUDRA is a bank that will regulate and refinance microfinance institutions that provide loans to micro and small businesses. It will partner with state and regional organizations to finance last mile lenders for small/micro enterprises. MUDRA's responsibilities include setting lending guidelines, registering and regulating MFIs, guaranteeing loans, and creating an architecture for last mile credit delivery under the Pradhan Mantri Mudra Yojana program. The 2015 budget allocated 20,000 crore rupees to MUDRA's corpus and 3,000 crore rupees to its credit guarantee corpus to support India's estimated 5.77 crore small business units, most of which are owned by disadvantaged groups and
The document discusses the Micro Units Development and Refinance Agency (MUDRA) Bank, a public sector financial institution in India. MUDRA Bank provides loan facilities at lower rates to microfinance institutions and small businesses. It was launched in 2015 under the Pradhan Mantri MUDRA Yojana scheme to offer affordable credit to small businesses and entrepreneurs. MUDRA Bank serves as a refinancing body and regulator for microfinance institutions. It provides loan categories up to Rs. 50,000 for new businesses and up to Rs. 5 lakhs for established small businesses.
Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a national mission launched in 2014 to ensure universal access to banking facilities. The scheme provides basic bank accounts with overdraft facilities, debit cards, accident and life insurance, and access to pension and savings plans. Over 17.74 crore accounts have been opened under PMJDY as of August 2015, with over 11 crore people enrolled in related insurance and pension plans. The percentage of zero-balance accounts under the scheme has declined from 76% to 24% since its launch.
Narendra Modi’s MUDRA yojana spells trouble for banks; bad loans jump 53%VirendraBodele
a business news analysis
in this analysis, we research the mudra yojana how a bank face loss,
Bad loans, or NPAs, under Mudra scheme in the first nine months of the current financial year 2018-19 have increased almost 53 percent to Rs 14,930.98 crore from Rs 9,769.99 crore last year, according to the obtained under the RTI Act from the Micro Units Development and Refinance Agency (MUDRA)
MUDRA (Micro Units Development and Refinance Agency) is a bank that will regulate and refinance microfinance institutions lending to micro/small businesses. It will partner with state and regional organizations to provide last mile financing for small businesses. MUDRA will be responsible for policy guidelines, registration/regulation, accreditation of MFIs, promoting technology, and a credit guarantee scheme. It has a corpus of Rs. 20,000 crore and Rs. 3,000 crore credit guarantee fund to provide loans up to Rs. 10 lakh to small business units at 7% interest. MUDRA aims to boost small businesses, rural employment, GDP, infrastructure and reduce poverty.
Financial performance of selected banks in patiala punjab national bank unio...IAEME Publication
This document analyzes the financial performance of selected public and private sector banks in Patiala, Punjab between 2009-2012. It specifically examines Punjab National Bank and Union Bank of India as public sector banks, looking at trends in deposits and advances. Deposits at PNB's Model Town branch grew steadily over the period, led by savings accounts. Short-term loans comprised about half of PNB's total advances. The study aims to compare profitability between public and private banks and suggest measures for improved performance.
The document discusses the Pradhan Mantri Jan Dhan Yojana (PMJDY), a national financial inclusion mission launched in India in 2014. It aims to provide universal access to banking services like basic savings accounts, need-based credit, remittances and insurance. The key benefits of accounts under PMJDY include interest on deposits, accidental insurance of Rs. 1 lakh, no minimum balance requirement, life insurance of Rs. 30,000 and easy money transfers. Microfinance is also discussed as a tool to provide financial services like credit, savings and insurance to low-income households for self-employment and poverty alleviation. The evolution, key players and models of microfinance in India are outlined.
PM Jan-Dhan Yojana - Features & Benefits - (Part-9)Resurgent India
The document outlines the key features and benefits of the Pradhan Mantri Jan-Dhan Yojana (PMJDY) scheme. The main features include zero-balance savings accounts, interest paid on balances, RuPay debit cards, checkbooks and passbooks. Documentation is minimal, with Aadhar identification and temporary accounts available. Mobile and internet banking are supported. Additional benefits include accident insurance of Rs. 1 lakh for RuPay card holders, overdraft facilities after 6 months, and access to pension and insurance products. The scheme aims to increase bank account access and reduce dependency on money lenders.
The Stand Up India scheme was launched in 2016 to promote entrepreneurship among women, Scheduled Castes, and Scheduled Tribes. It offers loans between 10 lakh and 1 crore rupees to help these individuals start new non-farm businesses. The key features of the scheme include composite loans with up to 7 years to repay, debit cards to access working capital, credit guarantees to encourage bank lending, and various support services for entrepreneurs.
linkage between banks/financial institutions and entrepreneurssharda university
Banks play an important role in supporting women entrepreneurs in India. They provide business loans and lines of credit to help women start and grow their businesses. Several government schemes also exist to promote entrepreneurship among women, such as low interest rate loans specifically for women-led businesses in industries like food catering, retail, and small enterprises. Banks and other financial institutions aim to make it easier for women to access funding, working capital, and technical support needed to successfully operate their businesses.
The Mudhra scheme provides loans to young entrepreneurs through Micro Units Development and Refinance Agency (MUDRA) Bank. It offers loans divided into three categories - Shishu (up to Rs. 50,000), Kishore (Rs. 50,000 to Rs. 5,00,000), and Tarun (Rs. 5,00,000 to Rs. 10,00,000). Under the scheme, banks have disbursed over Rs. 240 billion to 27 lakh small entrepreneurs. The scheme aims to promote entrepreneurship and help develop small scale industries in India.
Pradhan Mantri Jan Dhan Yojna (PMJDY) _ Economics Rajat Seth
The document summarizes the key differences between the previous Swabhimaan financial inclusion plan and the current Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme. Swabhimaan focused on bringing banking services to villages with populations over 2,000 by 2012, using business correspondents. PMJDY has a more comprehensive nationwide coverage targeting access to banking facilities for all households across rural and urban areas, along with additional benefits like insurance coverage and overdraft facilities.
The Mudra Yojana is an Indian government program that provides loans up to 10 lakh rupees to small businesses and entrepreneurs. It aims to help small traders and industries gain access to capital by providing working capital and other financial assistance. Under the program, loans are divided into three categories - Shishu, Kishore, and Tarun - providing funding between Rs. 50,000 to Rs. 10 lakh. So far, over 12 crore entrepreneurs have received over Rs. 6 crore in loans to start or expand their businesses through commercial banks participating in the program.
JAN DHAN YOJNA COMPLETE PROJECT(SUMEET SARASWATA)Sumit SARASWAT
Union Bank of India has played a proactive role in India's economic growth by providing credit to different sectors. It has over 4,200 branches across India. The Pradhan Mantri Jan Dhan Yojana (PMJDY) financial inclusion scheme aims to provide bank accounts to all households, and over 17.45 crore accounts were opened by August 2015, with Rs. 22,032.68 crore deposited. PMJDY has positively impacted banks like Union Bank by expanding customer base and increasing deposits.
The document provides information on various types of banks in India including commercial banks, public sector banks, private sector banks, foreign banks, small finance banks, payments banks, regional rural banks, and cooperative banks. It lists examples of banks for each category along with their headquarters and years established. The document aims to educate the reader on the Indian banking system and the roles served by different kinds of banks.
The document discusses various types of banks in India such as commercial banks, public sector banks, private sector banks, foreign banks, cooperative banks, small finance banks, regional rural banks, and payment banks. It provides lists of banks under each category along with their names, years of establishment, headquarters, and current CEOs. Public sector banks are owned by the government while private sector banks are privately owned and operate for profit. Foreign banks open branches in other countries to better serve multinational customers. Cooperative banks are owned and operated by their members.
This document provides an overview of the banking system in Nepal. It begins by explaining the purpose of banks and then outlines the different types of banks in Nepal, including central banks, commercial banks, development banks, finance companies, and microcredit development banks. A total of 30 commercial banks, 82 development banks, 48 finance companies, and 37 microcredit development banks currently operate in Nepal. The document also includes organizational charts of the banking hierarchy and describes some of the key roles and services provided by banks, such as accepting deposits, lending money, remittances, safe deposit services, and capital market activities.
The document summarizes various types of banks in India including commercial banks, public sector banks, private sector banks, foreign banks, regional rural banks, cooperative banks, and the Reserve Bank of India. It provides lists and details of major banks in each category. The three main types of commercial banks are public sector banks which are majority owned by the government, private sector banks which are privately owned, and foreign banks with branches in India. It also lists the 12 current public sector banks and several major private and foreign banks.
I explained What is rural development bank? Major kinds, current status of rural development bank, objectives and functions of Rural development bank, major problem of Rural development bank
The Pradhan Mantri MUDRA Yojana (PMMY) Mudra Loan was launched in 2015 with the main aim of focusing on the financial needs for large numbers of micro-units.
The document provides an overview of the banking industry in Bangladesh. It discusses the structure of the banking sector, which includes state-owned commercial banks, private commercial banks, foreign commercial banks, and specialized banks. It also lists the major banks in each category and provides statistics on the total assets and deposits. Additionally, it gives a brief history of banking in Bangladesh and describes the roles of the central bank and commercial banks. It concludes with information on the growth of Islamic banking in the country.
The document contains information about Saraswat Bank, including its history, services offered, deposit schemes, types of services, performance comparisons to other banks, and SWOT analysis. Saraswat Bank is an urban cooperative bank based in Maharashtra, India that has been operating since 1918. It aims to be one of the premier banks in the country known for professionalism and excellence.
Sometimes our light goes out But is blown into flame by another human being....BHOMA RAM
The Bank of Rajasthan was established in 1943 in Udaipur, Rajasthan and has since expanded across India. It provides various banking services including deposits, loans, merchant banking, and international banking. The bank aims to be the most preferred bank through technology, lifelong customer relationships, and value creation for employees and stakeholders.
The Reserve Bank of India (RBI) is the central bank of India. It was established in 1935 and is headquartered in Mumbai. RBI's key responsibilities include regulating monetary policy, overseeing banking operations, and maintaining financial stability. It also acts as the government's bank and lender of last resort. RBI oversees various public and private sector banks, including nationalized, regional rural, state-associated banks as well as foreign banks operating in India. It is the banker to the government and manages the country's foreign exchange and gold reserves.
The presentation was prepared on the topic State bank of India. It is the largest bank in our country and It was established in 1921 with the name Imperial Bank of India which was later changed to State Bank of India in 1955 under a separate SBI act. #State Bank of India
THE REPORT CARD OF KERALA STATE UNDER PRADHAN MANTRI MUDRA YOJANA SCHEMEVARUN KESAVAN
PMMY is a scheme launched by the Union Government on April 8, 2015 for providing loans upto Rs. 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY. PMMY was announced through Union Budget 2015- 16 (FY16) which proposed to create MUDRA bank with a corpus of Rs. 20,000 crore made available from the shortfalls of priority sector lending, to refinance Micro- Finance Institutions through Pradhan Mantri Mudra Yojana. Further, budget supported a credit guarantee corpus of Rs.3,000 crore for guaranteeing loans being provided to the micro enterprises.
The Reserve Bank of India is the central bank of India established in 1935. It uses monetary policy to promote financial stability and regulates currency and credit systems in India.
This document discusses service quality in banks, specifically Central Bank of India. It defines service quality and outlines the key dimensions of service quality according to models like RATER - reliability, assurance, tangibles, empathy, and responsiveness. It notes that in the competitive banking sector, superior service quality is important to attract and retain customers. The dimensions of service quality must be measured to understand customer perceptions and satisfaction. Measuring these dimensions can help banks identify issues and enhance the customer experience.
The basic reason for the financial assistance in rural areas.
Indian agriculture is characterized by low productivity, which leads to low income.
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NABARD
Functions of NABARD
Long term refinance
Interest rates
Developmental functions
Supervisory functions
Government sponsered schemes
NABARAD'S initiatives
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Similar to How to Apply for loan via MUDRA (Micro Units Development & Refinance Agency) (20)
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Amanda Chu
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PREMIUM
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Good morning and welcome back to Energy Source, coming to you from New York, where the city swelters in its first heatwave of the season.
Nearly 80 million people were under alerts in the US north-east and midwest yesterday as temperatures in some municipalities reached record highs in a test to the country’s rickety power grid.
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Thanks for reading,
Amanda
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New report offers sobering view of the energy transition
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How to Apply for loan via MUDRA (Micro Units Development & Refinance Agency)
1.
2. What is Mudra?
❖ MUDRA, which stands for Micro Units
Development & Refinance Agency Ltd, is a
financial institution being set up by
Government of India for development and
refinancing micro units enterprises.
❖ It was announced by the Hon’ble Finance
Minister while presenting the Union Budget
for FY 2016. The purpose of MUDRA is to
provide funding to the non-corporate small
business sector through various Last Mile
Financial Institutions like Banks, NBFCs and
MFIs.
➢ https://sidbi.in/index.php
➢ https://sidbi.in/Eco_MUDRA.php
➢ http://www.mudra.org.in/
5. S.No. Bank Name
PUBLIC SECTOR BANKS
1 State Bank of India
2 State Bank of Bikaner & Jaipur
3 State Bank of Travancore
4 Bank of Baroda
5 Bank of India
6 Bank of Maharastra
7 Canara Bank
8 Corporation Bank
9 Dena Bank
10 IDBI Bank Ltd.
11 Indian Bank
12 Oriental Bank of Commerce
13 Punjab National Bank
14 Syndicate Bank
15 UCO Bank
16 Union Bank of India
17 Vijaya Bank
18 Allahabad Bank
19 Andhra Bank
20 Bhartiya Mahila Bank
21 Central Bank of India
22 Indian Overseas Bank
23 Punjab & Sind Bank
24 State Bank of Hyderabad.
25 State Bank of Mysore
26 State Bank of Patiala
27 United Bank of India
Private Sector Banks
1 Axis Bank Ltd.
2 Catholic Syrian Bank Ltd.
3 City Union Bank Ltd.
4 DCB Bank Ltd.
5 Federal Bank Ltd.
6 HDFC Bank Ltd.
7 ICICI Bank Ltd.
8 Indus Ind Bank Ltd.
9 Jammu & Kashmir Bank Ltd.
10 Karnataka Bank Ltd.
11 Karur Vysya Bank Ltd.
12 Kotak Mahindra Bank Ltd.
13 Nainital Bank Ltd.
14 South Indian Bank
15 Tamilnad Mercantile Bank Ltd.
16 The Ratnakar Bank Ltd.
17 Yes Bank Ltd.
18 IDFC Bank Ltd.
List of lending institutions shortlisted to be partners of MUDRA
6. S.No. REGIONAL RURAL BANKS (RRBs)
1 Andhra Pragathi Grameena Bank
2 Chaitanya Godavari Grameena Bank
3 Deccan Grameena Bank
4 Saptagiri Grameena Bank
5 Bihar Gramin Bank
6 Madhya Bihar Gramin Bank
7 Uttar Bihar Gramin Bank
8 Baroda Gujarat Gramin Bank
9 Dena Gujarat Gramin Bank
10 Saurashtra Gramin Bank
11 Kaveri Grameena Bank
12 Karnataka Vikas Grameena Bank
13 Pragathi Krishna Gramin Bank
14 Kerala Gramin Bank.
15 Maharashtra Gramin Bank
16 Meghalaya Rural Bank
17 Puduvai Bharathiar Grama Bank
18 Malwa Gramin Bank
19 Punjab Gramin Bank
20 Sutlej Gramin Bank
21 Marudhara Gramin Bank
22 Pallavan Grama Bank.
23 Pandyan Grama Bank
24 Tripura Gramin Bank
25 Baroda Uttar Pradesh Gramin Bank
26 Prathama Gramin Bank
27 Sarva UP Gramin Bank
28 Narmada Jhabua Gramin Bank
29 Sarva Haryana Gramin Bank
30 Kaveri Grameena Bank
31 Baroda Rajasthan Kshetriya Gramin Bank
Co-operative Banks
32 Gujarat State Co-op Bank Ltd
33 Mehsana Urban Co-op Bank
34 Rajkot Nagarik Sahhakari Bank
35 Kalupur Commercial Co-op Bank
36 Bassein Catholic Co-op Bank
37 TJSB Sahakari Bank Ltd
38 Jalgaon Janata Sahakari Bank Ltd
39 Nutan Nagrik Sahakari Bank Ltd
40 Ahmedabad Mercantile Co-op Bank ltd
41 Surat People Co-op Bank ltd
42 Dombivali Nagari Sahakari Bank Ltd
43 Citizen Credit Co-op Bank Ltd
44 Tamil Nadu Apex State Co-op Bank Ltd
45 AP State Apex Co-op Bank Ltd
7. 46 Saraswat Co-operative Bank Limited
Micro Finance Institutions (MFIs)
S.No. MFI-NBFC STATES
1 S V Creditline Pvt. Ltd. New Delhi
2 Margdarshak Financial Services Ltd. Uttar Pradesh
3 Madura Micro Finance Ltd. Tamil Nadu
4 ESAF Micro Finance & Investments P. Ltd Kerala
5 Fusion Micro Finance P. Ltd. New Delhi
6 Ujjivan Financial Services P. Ltd Karnataka
7 Future Financial Services Ltd. Karnataka
8 SKS Microfinance Ltd.- Telangana
9 Utkarsh Micro Finance P. Ltd Uttar Pradesh
10 Equitas Micro Finance Ltd Tamil Nadu
11 Sonata Finance Pvt. Ltd Uttar Pradesh
12 Saija Finance Private Ltd Bihar
13 Arth Micro Finance Pvt. Ltd. Rajasthan
14 Shikhar Microfinance Pvt. Ltd. New Delhi
15 Navachetana Microfin Services Pvt. Ltd Karnataka
16 Samasta Microfinance Ltd. Bangalore
17 Satin Credit Care Network Ltd- New Delhi
18 Sahyog Microfinance Ltd. Madhya Pradesh
19 Arohan Financial Services P. Ltd West Bengal
20 Suryodaya Microfinance Ltd Maharashtra
21 Belstar Investment & Finance P. Ltd Tamil Nadu
22 Jagaran Microfin P. Ltd West Bengal
23 Digamber Capfin Ltd Rajasthan
24 Midland Microfin Ltd. Punjab
25 RGVN (North East) Microfinance Ltd. Guwahati Assam
26 Grameen Development & Finance P. Ltd. Assam
27 Hindustan Microfinance Private Limited Maharashtra
28 Namra Finance Ltd Gujarat
29 Muthoot Fincorp Limited Kerala
30 Sambandh Finserve Pvt Ltd Bhuvaneshwar
31 IDF Financial Services Pvt Ltd Bangalore
32 Nightingale Finvest Pvt Ltd West Bengal
33 Asirvad Microfinance Private Limited Chennai
34 Village Financial Services Pvt Limited Kolkatta West Bengal
35 Janalakshmi Financial Services Pvt Ltd Bangalore
36 YVU Financial Services Private Ltd Guwahati
37 Disha Microfin Private Ltd Ahmedabad
38 SMILE Microfinance Limited Chennai
39 Light Micro Finance Ltd Ahmedabad
40 Uttarayan Financial Services Pvt Ltd Kolkatta West Bengal
41 Unacco Financial Services Private Limited Guhawati, Assam
42 Varam Capital Chennai
43 Vedika Credit Capital Ltd Ranchi
8. 44 MSM Microfinance Limited Chennai
45 M Power Micro Finance Private Ltd Vadodara Gujarat
46 Navachetana Microfin Services Pvt. Ltd. Bangalore
47 Intrepid Finance and leasing Pvt. Ltd. mumbaif
MFIS
1 Bhartiya Micro Credit (Sec 8 Company) Lucknow
2 Sakhi Samudaya Kosh (Sec 8 Company) Maharashtra
3 Cashpor Micro Credit (Sec 8 Company) Lucknow
4 CDOT ( MFI Registered as a Society under Indian
Societies Act)
Bihar
5 Mahana Foundation (MFI Registered as a Trust under
Trust Act 1882)
Orissa
6 IRCED (MFI Registered as a Society and Trust) Maharashtra
7 NEED Lucknow
8 Community Collective Society for Integrated
Develpoment (MFI Registered as a Society)
New Delhi
9 Swayam Micro Services(Sec 8 Company) Ahmedabad
10 Chanura Microfin Manipur Manipur
11 Humana People to People India New Delhi
12 Disha India Micro Credit (Sec 25 Company) Saharanpur
13 Annapurna Mahila Multistate Co-op Credit Society(Co-op
Society and MFI)
Pune
14 Prayas (Organisation for Sustainable Development) (MFI
Registered as a Society and Trust)
Ahmedabad
15 Dhosa Chandaneshwar Bratyajana Samity (DCBS)
(Society)
Kolkata
16 Seba Rahara (Society) Kolkata
17 Belghoria Janakalyan Samity (Society) Kolkata
18 Gram Bikash Kendra Kolkata
19 Shakti Mahila Sangh Bahu Uddeshya Sahkari Maryadit
(Society)
Jabalpur, MP
20 Mahasemam Trust (Society) Madurai, Tamilnadu
21 Sampurna Training and Entrepreneurship Programme
(STEP) (Section 25 Company)
Kolkata, West bengal
22 Life Foundation (MFI and Trust) Kerala
23 Sanghmitra Rural Financial Services (Sec 8) Mysore
24 Pahal Financial Services Pvt Ltd Ahmedabad
25 Blaze trust(MFI registered as trust) Coimbatore(Tamil Nadu)
26 Mahashakti Foundation (MFI Registered as a Trust under
Trust Act 1882)
OdishaJ
S.No. Mainline NBFCs
1 Reliance Capital Ltd.
2 Fullerton India Credit Co. Ltd.
3 Shriram Transport Finance Co. Ltd.
4 SREI Equipment Finance Ltd.
5 Magma Fincorp Ltd.
6 Religare Finvest Ltd.
9. 7 Shriram City Union Finance Ltd.
8 Equitas Finance P. Ltd.
9 India Infoline Ltd.
10 ECL Finance Ltd.
11 AU Financiers India Ltd.
12 SE Investments Ltd.
13 Electronica Finance Ltd.
14 MAS Financial Services Ltd.
15 IKF Finance Ltd.
16 Intec Capital Ltd.
17 Sakthi Finance Ltd.
18 Esskay Auto Finance Ltd.
19 Bansal Credits Ltd.
20 Five Star Business Credits Ltd.
21 Indiabulls Financial Services Ltd.
22 Vistaar Financial Services P. Ltd.
23 Shriram Finance Corporation Pvt Ltd (SRFCL)
24 India Infoline Finance Ltd (IIFL)
25 Mahindra & Mahindra Financial Services Ltd
26 Pudhuaaru Financial Services Pvt Limited (PFSPL)
27 Nabard Financial Services Ltd (NABFINS)
28 Maanaveeya Development & Finance Private Ltd
29 Jumbo Finvest (India) Limited (JFIL)
30 Ananya Finance for Inclusive Growth Pvt.Ltd.
31 Capital First Limited(CFL)
Note : The above list is indicative and not exhaustive. The list is periodically revised as and when new
institutions are getting added.
Sr
No
Partner Institutions Nos
1 PUBLIC SECTOR BANKS 27
2 Private Sector Banks 18
3 REGIONAL RURAL BANKS (RRBs) 31
4 Co-operative Banks 14
5 MFI-NBFC 47
6 MFI 26
7 NBFC 31
TOTAL 194
10. Offerings of Mudra
❖ Under the aegis of Pradhan Mantri
MUDRA Yojana (PMMY), MUDRA has
already created its initial products /
schemes. The interventions have been
named ‘Shishu’, ‘Kishor’ and ‘Tarun’ to
signify the stage of growth /
development and funding needs of the
beneficiary micro unit / entrepreneur
and also to provide a reference point for
the next phase of graduation / growth to
look forward to. The financial limit for
these schemes are :-
• Shishu : covering loans upto Rs. 50,000/-
• Kishor : covering loans above Rs. 50,000/-
and upto Rs. 5 lakh
• Tarun : covering loans above Rs. 5 lakh
to Rs. 10 lakh
11. ❖ MUDRA’s delivery channel is conceived
to be through the route of refinance
primarily to Banks/NBFCs/MFIs.
❖ At the same time, there is a need to
develop and expand the delivery
channel at the ground level. In this
context, there is already in existence, a
large number of ‘Last Mile Financiers’ in
the form of companies, trusts, societies,
associations and other networks which
are providing informal finance to small
businesses.
➢ https://sidbi.in/index.php
➢ https://sidbi.in/Eco_MUDRA.php
➢ http://www.mudra.org.in/Offerings
12. ❖ Common Loan Application form for Kishor
and Tarun
• https://www.mudra.org.in/Default/Down
loadFile/Common_loan_Application_form
.pdf
❖ Application Form for Shishu
• https://www.mudra.org.in/Default/Down
loadFile/Application_Form_for_Shishu.jpg
❖ Check list for Shishu Application
• https://www.mudra.org.in/Default/Down
loadFile/Check_list_for_Shishu_applicatio
n.jpg
Application Form
13. ❖ Non–Corporate Small Business
Segment (NCSB) comprising of
millions of proprietorship /
partnership firms running as small
manufacturing units, service sector
units, shopkeepers, fruits / vegetable
vendors, truck operators, food-service
units, repair shops, machine
operators, small industries, artisans,
food processors and others, in rural
and urban areas.
Target Clients
14. Loan Without
Guarantee via Mudra
❖ Pradhan Mantri Mudra Yojana is a
Government of India scheme, which
enables a small borrower to borrow
from banks, MFIs, NBFCs for loans
upto Rs. 10 lakh for non farm income
generating activities.
❖ Generally, loans upto Rs. 10 lakh
issued by banks under Micro Small
Enterprises is given without
collaterals.
15. Eligibility Criteria
❖ Any Indian Citizen who has a business plan
for a non farm income generating activity
such as manufacturing, processing, trading
or service sector whose credit need is less
than Rs. 10 lakh can approach either a
Bank, MFI or NBFC for availing of MUDRA
loans under PMMY.
❖ The usual terms and conditions of the
lending agency may have to be followed
for availing of loans under PMMY. The
lending rates are as per the RBI guidelines
issued in this regard from time to time.
➢ https://www.mudra.org.in/Offerings
➢ https://www.mudra.org.in/Default/Downl
oadFile/eligibility-criteria_eng.pdf
➢ https://sidbi.in/index.php
16. Documents Required
❖ The terms and conditions of the loan
will be governed by the rules of the
lending institution and the broad
guidelines of RBI.
❖ The guidance regarding the
documents needed may be obtained
from any of the lending institutions in
your locality.
➢ https://www.mudra.org.in/Home/PM
MYBankersKit
➢ https://sidbi.in/index.php
17. What is Mudra Card?
❖ MUDRA Card is an innovative credit product
wherein the borrower can avail of credit in a
hassle free and flexible manner. It will provide a
facility of working capital arrangement in the
form of CC/OD to the borrower.
❖ Since MUDRA Card will be RuPay debit card, it
can be used for drawing cash from ATM or
Business Correspondent or make purchase using
Point of Sale (POS) machine. Facility is also there
to repay the amount, as and when, surplus cash
is available, thereby reducing the interest cost.
18. How to Apply?
❖ In respect of Shishu category, an one page
application format has been designed
which has been posted in MUDRA website.
❖ In respect of Kishor and Tarun category, a 3
page indicative application format has been
designed and the same is also posted in
MUDRA website.