| Company type | Subsidiary |
|---|---|
| Industry | Business finance |
| Founded | 8 April 2015 |
| Headquarters | Mumbai |
Area served | India |
| Products | Microfinance 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]
- ^ "Pradhan Mantri Mudra Yojana (Mudra Loan)". Infnd.
- ^ "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.
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