Centre plans 500 incubation centres to skill professionals

Last Updated: Friday, June 5, 2015, 16:42

These centres would be on the PPP model and initially Rs 200 crore would be allotted for setting them up, particularly in districts, he said. He added that the Government wants to make the MSME sector competitive through technological innovation.

MUDRA to provide loans up to Rs 10 lakhs to small businesses

Last Updated: Wednesday, April 8, 2015, 16:09

The Micro Units Development and Refinance Agency Ltd (MUDRA) will focus on the 5.75 crore self-employed who use funds of Rs 11 lakh crore and provide jobs to 12 crore people, he said.

MUDRA Bank Bill to be in Parliament within 12 months: Adhia

Last Updated: Wednesday, April 8, 2015, 15:31

The MUDRA Bill will seek to create a financial institution for providing funding to 5.77 crore micro and small business entities engaged in manufacturing, trading and services.

PM Narendra Modi launches Rs 20,000 crore MUDRA Bank

Last Updated: Wednesday, April 8, 2015, 09:46

Prime Minister Narendra Modi on Wednesday launched MUDRA Bank which will provide credit of up to Rs 10 lakh to small entrepreneurs and act as a regulator for 'Micro-Finance Institutions' (MFIs).

Stakeholders' meet to discuss setting up Mudra Bank on March 25

Last Updated: Sunday, March 22, 2015, 13:23

Finance Ministry has called the first meeting of all stakeholders, including MSME and microfinance institutions, on March 25 for discussing formalisation of structure of the Rs 20,000-crore Mudra Bank.

MUDRA Bank can be positive for microfinance sector: ICRA

Last Updated: Friday, March 6, 2015, 14:30

With Non Banking Finance Companies- Microfinance Institutions (NBFC-MFIs) likely to have overall debt of Rs 360 billion to Rs 420 billion by March 2016, re-finance from MUDRA Bank could constitute a major portion of the overall debt of the MFIs, according to rating agency ICRA.

Funding the unfunded: India helps small business borrow to grow

Last Updated: Thursday, March 5, 2015, 18:16

A new bank announced in the annual budget last week could boost loans and cut borrowing costs for the country`s cash-starved small businesses - tailors, mechanics and phone booth operators who account for around a fifth of the economy.