https://www.taxtmi.com/news?id=15438 Creation of a Credit Guarantee Fund for MUDRA Units will provide portfolio-based guarantees covering up to 50% of Amount in Default in eligible portfolios of Member Lending Institutions, with a trustee company managing the Fund. MUDRA Ltd. will be converted into a SIDBI-owned MUDRA Bank to undertake refinance operations and provide portal management, data analysis and other support services while the Fund shares credit risk to promote lending to micro and small units. en-us Wed, 06 Jan 2016 17:06:47 +0530 Wed, 06 Jan 2016 17:06:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15438 Creation of a Credit Guarantee Fund for MUDRA Units will provide portfolio-based guarantees covering up to 50% of Amount in Default in eligible portfolios of Member Lending Institutions, with a trustee company managing the Fund. MUDRA Ltd. will be converted into a SIDBI-owned MUDRA Bank to undertake refinance operations and provide portal management, data analysis and other support services while the Fund shares credit risk to promote lending to micro and small units. News - Wed, 06 Jan 2016 17:06:47 +0530 https://www.taxtmi.com/news?id=15438