https://www.taxtmi.com/news?id=14739 Limited and costly institutional credit and collateral requirements restrict micro and small enterprises' finance. The Government operates a Credit Guarantee Fund Scheme and is establishing a budget backed credit guarantee mechanism to support non collateralised lending. RBI guidelines require banks to dispense with collateral for small enterprise loans and promote growth in micro and small unit accounts. MUDRA Ltd. has been set up as a refinancing NBFC for micro finance institutions to improve refinancing and liquidity for micro and small business lending. en-us Fri, 24 Jul 2015 10:04:25 +0530 Fri, 24 Jul 2015 10:04:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14739 Limited and costly institutional credit and collateral requirements restrict micro and small enterprises' finance. The Government operates a Credit Guarantee Fund Scheme and is establishing a budget backed credit guarantee mechanism to support non collateralised lending. RBI guidelines require banks to dispense with collateral for small enterprise loans and promote growth in micro and small unit accounts. MUDRA Ltd. has been set up as a refinancing NBFC for micro finance institutions to improve refinancing and liquidity for micro and small business lending. News - Fri, 24 Jul 2015 10:04:25 +0530 https://www.taxtmi.com/news?id=14739