MUDRA (Micro Units Development and Refinance Agency) loan is a financial assistance program launched by the Government of India in 2015. The program is aimed at providing loans to small businesses and entrepreneurs in India, with the goal of fostering entrepreneurship and employment generation in the country.
MUDRA loans are specifically designed to support micro and small enterprises (MSEs) in the manufacturing, trading, and service sectors. The loans are provided by financial institutions, including commercial banks, regional rural banks, and microfinance institutions.
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