https://www.taxtmi.com/news?id=14226 The Government proposes creation of the Micro Units Development and Refinance Agency (MUDRA) Bank by statute to provide refinance and credit support to micro enterprises via a Refinance Fund and a Credit Guarantee corpus. MUDRA Bank will operate through regional financing institutions to refinance last mile lenders-including microfinance institutions, small banks, cooperatives, SHGs and NBFCs-under a Pradhan Mantri Mudra Yojana framework, with lending priority for SC/ST enterprises; it will be initially operationalised as a SIDBI subsidiary pending enactment. en-us Fri, 20 Mar 2015 17:48:43 +0530 Fri, 20 Mar 2015 17:48:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14226 The Government proposes creation of the Micro Units Development and Refinance Agency (MUDRA) Bank by statute to provide refinance and credit support to micro enterprises via a Refinance Fund and a Credit Guarantee corpus. MUDRA Bank will operate through regional financing institutions to refinance last mile lenders-including microfinance institutions, small banks, cooperatives, SHGs and NBFCs-under a Pradhan Mantri Mudra Yojana framework, with lending priority for SC/ST enterprises; it will be initially operationalised as a SIDBI subsidiary pending enactment. News - Fri, 20 Mar 2015 17:48:43 +0530 https://www.taxtmi.com/news?id=14226