Pradhan Mantri Mudra Yojana (PMMY) - helloscholar.
Mudra Yojana - A Strategic Tool for Small Business Financing Anup Kumar Roy. highlights the importance and the role of MUDRA bank towards the small business units. Key words: Small Business Units, MUDRA, MFIs, MSME, last mile lending.. MUDRA is an NBFC and a part of SIDBI and will later.
The Small Industries Development Bank of India (Sidbi) will be raising the proposed Rs 10,000-crore corpus for 'Stand Up India Fund' from RBI, which will be disbursed to Dalit and women.
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Role of Financial Institutions for Industries Financial institutions help the small as well as the medium size industries financially by providing them loans. Thus, these industries can survive in the long run and have the basic infrastructure to develop their industry.
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The role of SIDBI remains to promote and finance the small scale sector, implement government plans and coordinate with other organizations while the role of MUDRA has been conceived more in the context of present state of Microfinance sector (11). While SIDBI’s role is primarily to finance MSME and implement government plans, MUDRA Bank’s charter includes regulating, registering as well.