MUDRA Archives - Tax Heal

Loans extended under the Pradhan Mantri Mudra Yojana

By CA Satbir Singh | February 26, 2016

MUDRA Scheme Loans are extended under the Pradhan Mantri Mudra Yojana (PMMY), Scheme by banks and Micro Finance Institutions (MFIs) in three categories: Shishu (loans upto Rs. 50,000); Kishore (loans from Rs. 50002 to Rs. 5 lakh); Tarun (loans from Rs.5 lakh to Rs. 10 lakh) Till 12th February, 2016, the loans extended are as… Read More »

Rs 71,312 crore MUDRA loans disbursed

By CA Satbir Singh | January 7, 2016

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MUDRA (SIDBI) Bank to undertake refinance operations and provide support services with focus on portal management and also data analysis; MFIs can now become Member Lending Institutions (MLIs) with MUDRA (SIDBI) Bank for refinance and with NCGTC for Credit Guarantee. The Union Cabinet had yesterday i.e. 6th January, 2016 approved creation of a Credit Guarantee… Read More »