According to SBI Research, MUDRA has created an indelible print on India's rising micro, small and medium enterprises' (MSME) prowess through relentless promoting by a wide array of MLIs which are scheduled commercial banks (SCBs), non-banking finance companies (NBFCs), regional rural banks (RRBs), microfinance Institutions (MFIs) to meet credit needs of the hitherto fringe sections.
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Micro Units Development and Refinance Agency Ltd. (MUDRA) is an institution supporting the growth of the micro-enterprise sector in the country. Here is what you need to apply for MUDRA loan.