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PM launches MUDRA bank, expected to benefit 5.77cr MFIs

There are about 5.77 crore small business units. It will also lay down "responsible financing practices" to ward off over indebtedness and ensure proper client protection principles and methods of recovery, besides development of standardised set of covenants governing last mile lending to micro enterprises.

first published: Apr 8, 2015 11:19 am

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