Micro Units Development and Refinance Agency Bank

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.