MUDRA Bank

Pradhan Mantri Mudra Yojana (PMMY; Hindi: प्रधानमंत्री मुद्रा योजना) under the Micro Units Development and Refinance Agency (MUDRA) Bank is a new institution being set up by Government of India for development and refinancing activities relating to micro units. It was announced by the Hon’ble Finance Minister while presenting the Union Budget for FY 2016. The purpose of MUDRA is to provide funding to the non corporate small business sector.


Under the scheme, Pradhan Mantri Mudra Yojana three categories of interventions has been named which includes
Shishu :- Loan upto ₹50000 (US$750)
Kishore :- Loan ranging from ₹50000 (US$750) to ₹5 lakh (US$7,500)
Tarun :- Loan above ₹5 lakh (US$7,500) and below ₹10 lakh (US$15,000)

These three categories will signify the growth, development and funding needs of the beneficiaries as well as it will assure the loan amount to be allotted by Micro Units Development and Refinance Agency Bank



Within the framework and overall objective of development and growth of Shishu, Kishor and Tarun Units, the products being offered by MUDRA at the rollout stage have been designed to meet requirements of different sectors / business activities as well as business / entrepreneur segments. Brief particulars are as under:
Sector / activity specific schemes
Micro Credit Scheme (MCS)
Refinance Scheme for Regional Rural Banks (RRBs) / Scheduled Co-operative Banks
Mahila Uddyami Scheme
Business Loan for Traders & Shopkeepers
Missing Middle Credit Scheme
Equipment Finance for Micro Units

MUDRA Card
- Going forward, MUDRA would look at improving the offerings basket by looking at innovative ideas like a pre-loaded MUDRA Card, say with an assessed value.
- The card offering will help provide pre-approved credit line to the members by providing a card that can be utilized to purchase raw materials and components, from registered producers on an online platform.
- The card could be linked with Pradhan Mantri Jan Dhan Yojana Savings Account of the borrower and the drawals could also be enabled through the Bank’s ATM network for meeting the immediate liquidity problems of the micro enterprise.

The latest design of the MUDRA card as approved by DFS, GoI is attached for ready reference. For the convenience of Banks, the latest design approved by DFS, GoI in cdr format is also attached.

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