Micro Units Development and Refinance Agency Bank

Not to be confused with Pradhan Mantri Mudra Yojana.

Micro Units Development and Refinance Agency (MUDRA) Bank
Company typeSubsidiary
IndustryBusiness finance
Founded8 April 2015; 9 years ago (2015-04-08)
HeadquartersMumbai
Area served
India
ProductsMicrofinance and refinance

Micro Units Development and Refinance Agency Bank (or MUDRA Bank)[1]) 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.[2]

  1. ^ "Pradhan Mantri Mudra Yojana (Mudra Loan)". Infnd.
  2. ^ "MUDRA to help 5.7 crore very small businesses access cheaper finance". The Hindu Business Line. 8 April 2015. Archived from the original on 9 April 2015. Retrieved 9 April 2015.