Understanding Loan For Micro Units Mudra


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UNDERSTANDING LOAN FOR MICRO UNITS MUDRA
MUDRA stands for Micro Units Development & Refinance Agency Ltd. It is an NBFC supporting development of micro enterprise sector in the country.
PURPOSE OF MUDRA LOAN:-
MUDRA loan is extended for a variety of purposes which result in income generation and employment creation.
-BY CS SURBHI SAXENA

UNDERSTANDING LOAN FOR MICRO UNITS

SECTORS COVERED UNDER MUDRA LOAN:-

TRANSPORT VEHICLE

• AUTO RIKSHAW • 3 WHEELER • E RIKSHAW • TRACTORS/TROLLY

COMMUNITY/SOCIAL/ PERSONAL ACTIVITIES
FOOD PRODUCTS SECTOR

• MEDICINE SHOPS • COURIER AGENTS • DRY CLEANING
SHOP • BEAUTY
PARLOUR/SALON
• PAPAD/ACHAR MAKING
• SWEET SHOPS • COLD STORAGE • ICE MAKING UNITS.

-BY CS SURBHI SAXENA

UNDERSTANDING LOAN FOR MICRO UNITS

TEXTILE PRODUCT SECTOR

• HANDLOOM
• KHADI ACTIVITY
• TRADITIONAL DYEING AND PRINTING
• NON GARMENT PRODUCTS LIKE BAGS, FURNISHING ACCESSORIES, ETC.

ACTIVITIES ALLIED TO AGRICULTURE

• BEEKEEPING
• POULTRY
• DAIRY, FISHERY
• EXCLUDING CROP LOANS, LAND IMPROVEMENT SUCH AS CANAL, IRRIGATION.

-BY CS SURBHI SAXENA

UNDERSTANDING LOAN FOR MICRO UNITS

TRADERS/ SHOPS

• SHOPS/TRADERS AND NON- FARM INCOME GENRATING ACTIVITIES WITH BENEFICIARY LOAN SIZE OF UP TO Rs 10LAKH PER ENTERPRISE/ BOROWER

EQUIPMENT FINANCE

• PURCHASING NECESSARY MACHINERY/ EQUIPMENTS WITH PER BENFICIARY LOAN SIZE OF Rs 10 LAKH

-BY CS SURBHI SAXENA

UNDERSTANDING LOAN FOR MICRO UNITS
ROLE OF MUDRA IN PRADHAN MANTRI MUDRA YOJANA(PMMY):-
Under the support of Pradhan Mantri MUDRA Yojana (PMMY), MUDRA has created three products:-
SHISHU:- LOAN UPTO RUPEES 50,000
KISHORE:- LOAN ABOVE RUPEES 50,000 AND UPTO RUPEES 5LAKH
TARUN:- LOAN ABOVE RUPEES 5LAKH AND UPTO RUPEES 10LAKH
Within the framework and overall objective of development and growth of micro enterprises under Shishu, Kishore and Tarun, the products being offered by MUDRA are so designed, to meet requirements of different sectors / business
-BY CS SURBHI SAXENA

UNDERSTANDING LOAN FOR MICRO UNITS
activities as well as business/ entrepreneur segments.
FUNDING SUPPORT FROM
MUDRA

MICRO CREDIT SCHEME FOR LOAN UPTO Rs 1 LAKH FINANCE
THROUGH MICRO FINANCE
INSTITUTIONS

REFINANCE SCHEME FOR BANKS/RRBs/ SFB/ NBFCs FOR TERM LOAN AND
WORKING CAPITAL LOAN UPTO Rs 10LAKH
PER UNIT.

-BY CS SURBHI SAXENA

UNDERSTANDING LOAN FOR MICRO UNITS
MUDRA CARD:-
MUDRA Card is a debit card issued against the MUDRA loan account, for working capital portion of the loan. The borrower can make use of MUDRA Card in multiple drawals and credits. MUDRA Card can be operated across the country for withdrawal of cash from any ATM / micro ATM and also make payment through any ‘Point of Sale’ machines.
SYNERGIES WITH SCHEMES:-
MUDRA has synergised with various schemes like “MAKE IN INDIA”, “NATIONAL RURAL LIVELIHOOD MISSION”, and “NATIONAL SKILL DEVELOPMENT CORPORATION.
OTHER OFFERINGS OF MUDRA:-
Micro units, most of the times, are unable to provide the collateral. Hence, MUDRA loans, i.e., loans up to 10 lakh, have been made collateral free, as per the RBI norms in this regard. To mitigate the issue of collateral and to provide comfort to the lending institutions, a Credit Guarantee Product is extended by
-BY CS SURBHI SAXENA

UNDERSTANDING LOAN FOR MICRO UNITS
creation of a Fund called “Credit Guarantee Fund for Micro Units” [CGFMU]. The Scheme is being managed by National Credit Guarantee Trustee Company Ltd. [NCGTC], an agency promoted by the Government of India.
 MUDRA apart from credit facilities provide other non credit facilities like: Development and Promotional Support  Imparting Financial and Business Literacy.  Institution Development.
To conclude, if you have a micro business whether in trading, food product, textile product, etc. Under MUDRA you can avail loan from
 Commercial Banks/NBFCs/ SFB or,  Micro Finance Institution up to Rs 1Lakh Also, you can avail collateral free loan up to Rs 10Lakh. Thus, MUDRA is the best source of finance to all micro units business.
-BY CS SURBHI SAXENA

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Understanding Loan For Micro Units Mudra