PM Modi set to launch Mudra Bank on April 8 for small cos

26-Mar-2015 #Jan-Dhan Source: Hindustan times

Prime Minister Narendra Modi is all set to launch the $3 billion Micro Units Development and Refinance Agency (Mudra) Bank in the near future which will be similar to Pradhan Mantri Jan Dhan Yojana (PMJDY). The bank would act as a regulator for the microfinance institutions and will provide institutional finance to micro entrepreneurs and those who do not qualify as micro, small and medium enterprises.

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