Banker’s Confidence: Tamal Bandyopadhyay on Facts and Fictions About Mudra Loans

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Do we need another refinancing company? No one will cry if Mudra is buried with dignity

Themes
Mudra loans | UPA | IFIs

Tamal Bandyopadhyay

Bharatiya Mahila Bank Ltd is one initiative that the United Progressive Alliance government is definitely not proud of. The Bharatiya Janata party government may soon feel the same for the six-year-old Mudra, a wholly owned subsidiary of the Small Enterprise Development Bank of India (Sidbi), created by Prime Minister Narendra Modi in April 2015.

Its goal is to develop the microenterprise sector by providing various types of support, including financial support, to microfinance organizations (MFIs), banks and others that provide loans to microenterprises. There is also a scheme for such …

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First published: Sun 25 Jul 2021 10:35 PM IST



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