Page 19 - MUDRA ANUBHAV

Many other schemes have also been launched
by Government of India to provide the necessary
support to achieve financial inclusion namely

Pradhan Mantri Jan Dhan Yojana (PMJDY), Pradhan
Mantri Jeevan Jyoti Bima Yojana (PMJJBY),
Pradhan Mantri Suraksha Bima Yojana (PMSBY),
Atal Pension Yojana (APY), Stand Up India Scheme,

Pradhan Mantri Vaya Vandana Yojana. However,
MUDRA is one of its kind schemes which provides
support to small businesses in a quick, easy and
efficient manner.

MUDRA is wholly owned subsidiary of Small
Industries Development Bank of India (SIDBI) with a
paid-up capital of Rs. 750 crores. MUDRA partners
with last mile financial institutions to support the

businesses at bottom of the economic pyramid
where the financial support either does not reach
or is very weak. The partnership between MUDRA
and financial institutions aims to the commercial

development of small businesses in India.

Along with the above mentioned three categories
of loans and refinancing facilities to financial
institutions, MUDRA also offers schemes like

Micro Credit schemes which is offered for credits
upto Rs. 1 lakh, which are given by Micro Finance
Institutions for some specific income generating
activities. Mudra card is also one initiative which

provides loans for working capital needs of a small

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