BY A SENIOR PROFESSOR FROM PREMIUM INSTITUTE AND CONSULTANT FOR 4 MONTHS Micro Units Development & Refinance Agency (MUDRA) is an initiative by the Government of India to provide funding to MSME or individuals who want to start a new business or to expand their existing business. Mudra provides finance to banks to further lend money to people residing in rural and urban India. The maximum loan amount offered by banks is up to Rs. 10 lakh. The interest rate offered varies from bank to bank but is comparatively lower…
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Govt has announced mudra msme loan for Micro Small and small enterprise.