Question

List out the objectives of MUDRA Bank.

Answer 1

1. Regulate the lender and the borrower of micro finance and bring stability to the micro finance system.
2. Extend finance and credit support to microfinance institutions.
3. Register all MFIs and introduce a system of performance rating and accreditation for the last time.
4. Offer a credit guarantee scheme for providing guarantees to loans being offered to micro-businesses.
5. Introduce appropriate technologies to assist in the process of efficient lending, borrowing, and monitoring of distributed capital.