Finance Ministry may introduce MUDRA Bill in Budget session

Last Updated: Sunday, September 6, 2015, 14:42

The existing Pradhan Mantri Micro Units Development and Refinance Agency (MUDRA) Yojana is being executed through NBFC registered with RBI.

Loans to small businesses may double to Rs 1lakh cr: Jaitley

Last Updated: Friday, June 12, 2015, 20:34

Officials from the Department of Financial Services (DFS) updated the Finance Minister on the subsequent steps taken in this regard following the setting up of MUDRA Bank.

MFIs seek more credit flow from banks

Last Updated: Wednesday, May 20, 2015, 16:42

Leading micro-finance institutions (MFIs) operating out of West Bengal have sought an increase in credit flow from banks, the only source of finance for these entities.

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).

RBI raises lending limit for MFIs

Last Updated: Tuesday, April 7, 2015, 21:26

The Reserve Bank Tuesday allowed Micro Finance Institutions (MFI) to lend up to Rs 1 lakh to small borrowers.

MFIs delinquency rate declines 20% in Apr-Oct this fiscal

Last Updated: Monday, January 6, 2014, 17:15

Credit information company ECIS Monday said the delinquency rate of micro-finance institutions (MFIs) has declined by 20 percent between April and October 2013.

MFIN to seek RBI nod to become SRO by month-end

Last Updated: Sunday, December 15, 2013, 12:42

"We have received approval from our board and will soon apply (to become an SRO)... Maybe by the end of this month," MFIN Vice-President Chandra Shekhar Ghosh said.

MFIs to grow 30-35% for 3-years: ICRA

Last Updated: Tuesday, October 22, 2013, 22:04

Improved fund availability and significant unrealised potential are likely to help the country's micro finance institutions to grow at an annual rate of 30-35 percent over the next three years, a study said.

RBI eases priority loan eligibility norm for MFIs onlending

Last Updated: Thursday, June 27, 2013, 22:42

Bank credit for onlending by Micro Finance Institutions (MFIs) will now be eligible for categorisation as priority sector lending if at least 70 percent of loans given by MFIs is for income generating activity.