Page 83 - MUDRA ANUBHAV

This scheme while being very noble, is highly
dependent upon the partner financing institution.
It is pertinent that the vision of financial inclusion

is shared by the financial institutions, who are the
face of this aspirational scheme. The ultimate goal
of this scheme is to provide financial assistance to
the needy business, which cannot happen until the

financial institutions who will be executing this are
enabled and satisfied.

One of the key objectives of Micro Units Development
and Refinance Agency Limited (MUDRA) is to

provide support to finance institutions which are
currently providing support to small businesses
in the Manufacturing, Retail, Service or Agri
business activities and to encourage those finance

institutions who aim to do so in future. MUDRA
is a refinancing institution which aims to motivate
the financial institutions to lend finance to the
small businesses, by providing the refinance of

the amount the Financial Institutions lend. This
scheme aims to support Banks, Micro Finance
Institutes (MFI), Non-Banking Finance Companies
(NBFC), Regional Rural Banks (RRB). PMMY also

is making efforts to develop an effective and strong
network of Credit Bureaus, to reach to maximum
borrowers.

Financial institutions have been traditionally

providing finance to businesses whose repayment

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