Mudra

The NPAs under Mudra loan have declined to 2.21% in FY25, including private banks, MFIs and NBFCs. Centre is looking to intensify Mudra lending for sectors such as agriculture and aquaculture in coastal areas, in light of trade challenges.

MSMEs in Bihar, UP, Odisha, N-E availing more Mudra loans, shows SBI report

The SBI report on ten years of PMMY said that the share of MUDRA loans in Bihar, Uttar Pradesh, Odisha, and the North-east has grown significantly, indicating a more inclusive credit distribution pattern.

Budget 2025: FinMin to review Mudra Yojana, financial inclusion schemes tomorrow

Budget is expected to focus on welfare schemes amid the government's inclusive growth push which is one of the priorities under the vision for Amrit Kaal

Adani's Mundra Port in Gujarat creates history, docks largest container ship 'MSC Anna'

Mundra Port, the flagship of Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port and logistics company, has created another record by welcoming the largest container ship ever to call at an Indian port. The vessel, MSC Anna, docked on May 26, marking a significant milestone for both the port and the country’s maritime industry. Watch to know more

Punjab National Bank partners with Amul to support finance dealership network

Through small ticket financing under MUDRA, the bank will be financing Amul's retailers, wholesale dealers/area milk distributors and exclusive Amul preferred outlets-milk parlours, it said.

MUDRA loans to joint liability group micro enterprises now eligible for credit guarantee fund

Joint liability group is an informal group comprising preferably of 4 to 10 individuals for the purposes of availing bank loan.

Finance Ministry to meet heads of public sector banks on Thursday; to review progress of various schemes

The saturation under Pradhan Mantri Jan Dhan Yojana (PMJDY) would be reviewed in the meeting to be chaired by Financial Services Secretary Vivek Joshi.

Banks need to lend Rs 1 lakh crore to meet MUDRA target for FY19

As on February 22, the total loan disbursed under the Micro Units Development and Refinance Agency Ltd scheme stood at Rs 2,02,668.9 crore as against sanctioned amount of Rs 2,10,759.51 crore, said a government data.

Mudra loans set to top Rs 2 lakh crore in FY18; West Bengal, Tamil Nadu, Bihar biggest recipients

About 70 percent of disbursals concentrated in 10 states; majority of loans to small shop-owners, eateries, vendors, carpenters, furniture sellers

Jobs under the lens: MUDRA initiative scripts success stories

In our ongoing series titled CNBC-TV18 jobs report, we've been taking you across the country to look at various entrepreneurial success stories that have been scripted with help from the government's MUDRA initiative. We head to Hyderabad where CNBC-TV18's Nithya Balakrishnan and Farah Bookwala Vhora have one such story.

Jobs: The Mudra multiplier

Late last month, BJP President, Amit Shah admitted providing jobs for the nation's 125 crore people was a tall task. However, he insisted that the government was doing all it could to promote self-employment through various schemes. As part of our special series on job creation, CNBC-TV18's Jude Sannith meets with a satisfied customer of the mudra loan scheme, which funds self-employment initiatives.

MUDRA loan disbursals take a hit due to demonetisation

Loan disbursals by Micro Units Development and Refinance Agency (MUDRA) slowed down in the third quarter of current financial year following the demonetisation of high-value currencies, an official said today.

Mudra reports Rs 66 cr net profit in first year of operation

The company's disbursals stood at Rs 3,287.25 crore against a sanction of Rs 3,733.25 crore to 16 banks, and 25 NBFCs and MFIs, he said.

Financial literacy making steady progress: Arjun Ram Meghwal

"Financial literacy is making a slow and steady progress in our country, in the recent times," Meghwal said addressing a gathering after inaugurating a day-long 'Mudra loan camp' here yesterday.

Banks likely to disburse Rs 1.8 lakh cr under MUDRA in FY17

"In 2016-17, the government has set a target of Rs 1.80 lakh crore to be disbursed under the MUDRA. So far during the first quarter, the banks have disbursed Rs 25,000 crore," Mammen told reporters here.

Banks to disburse Rs 1.80 lakh cr loans under PMMY in FY17

Last year, 3.5 crore beneficiaries availed Rs 1.22 lakh crore loans under PMMY.

MUDRA benefits yet to reach 'last mile borrower': CAIT

Expressing concerns over loan disbursal under MUDRA scheme, traders body CAIT today said the benefits are yet to reach the last mile borrower.

Cost of microcredit set to decline in next five years

The Past models of microfinance companies were all brick and mortar based on branches and self help groups. The future could be disruptive with past success being no guarantee of future survival.

Low oil prices may help cos improve performance: SBI report

"The good thing is that Mudra has been a beneficiary of credit growth. Low oil and commodity prices are likely to help companies post better Q4FY16 numbers," the SBI Ecowrap report said here today.

Budget 2016: Plans ambitious, but execution to be keenly eyed,says Rangarajan

C Rangarajan, former Chairman of the Prime Minister‘s Economic Advisory Council and ex-Governor of the Reserve Bank, believes the government may not have fully provided for the implementation of the recommendations of the 7th pay commission

Budget 2016: SMEs got Rs 1 lakh crore under Mudra scheme, says Arun Jaitley

In his Budget speech on Monday, Arun Jaitley reported that an amount of Rs 1 lakh crore was sanctioned to 2.5 crore borrowers by February 2016 under the PM Mudra scheme and has proposed an increased allocation of Rs 1.80 lakh crore for the same.

Substantial portion of funding needs of SMEs is unmet: CRISIL

CRISIL estimates suggest that a substantial portion of the funding needs of SMEs is unmet, and the gap between availability of funding from institutional sources and need has an inverse relationship with size.

Taskforce on Maha agrarian crisis submits report to govt

It also includes improving educational facilities in distress farm suicide area, zero pendency and corruption free local governance, livelihood management as well as job creation under National Rural Employment Guarantee Act and Mudra scheme.

Budget 2015: Reform Based Focus

Fiscal deficit target for FY16 set at 3.9 per cent of GDP and Revenue Deficit at 2.8 per cent of GDP.