MUDRA Scheme develops Million People
The full form of MUDRA is Micro Units Development and Refinance Agency. It is also an innovative scheme that is launched by the Prime Minister Narendra Modi to develop prospective business man, small business man, Shopkeepers, traders and vendors to increase the living standard of common man. It is launched on 8 April 2015. It sanctions 14.96 lakh crore loan to 28 crore beneficiaries till 26 March 2021. It is an innovative scheme that provides up to 10 lakh to individuals, micro, small and medium enterprises to perform their function like Production, supplying, trading, selling and distributing by an effective efficient and economical way to earn maximum profit and make India self Reliant country. All loans are securities free loans. It is provided by all commercial banks regional rural banks, small finance bank, micro finance institution and non financial companies in India. The period of repayments of loan is 12 to 60 months. Featured There are many featured of...