Mudra Bank: Concept and Offerings

The Hon’ble Finance Minster, in his budget speech on February 28, 2015, had proposed to create Micro Units Development Refinance Agency (MUDRA) Bank. The bank was finally launched on April 8, 2015 by the Hon’ble Prime Minister. The bank has been created specifically to finance a very large number of microenterprises in our country which face huge challenge in accessing credit and this stifles their growth. There is significant excitement among the MFIs about this bank and rightly so as MUDRA is mainly going to channelize funds through MFIs. In this presentation, M2i has captured some of the key features of MUDRA pertaining to its purpose, intended market segment, its product offerings, eligible financial intermediaries and its future plans.

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