MUDRA: Mega credit camp on Sept 28

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In order to make the mega credit camp to be conducted under the Prime Minister’s Micro Units Development and Refinance Agency (MUDRA) scheme on September 28 a big success, Collector Reeta Shandilya has sought cooperation of administrative as well as departmental officials.

During a joint meeting with officials of banks, urban units and Revenue Department, the Collector issued necessary instructions for holding the camp.  She asked the bankers to conduct camps in their respective banks and verify the necessary documents of the beneficiaries.

Expecting maximum cases in the urban units, the Collector directed the Janpad Panchayat CEO to apprise people in the rural areas of the scheme.

Besides, she also instructed him to install banners and flexes at different locations to promote the scheme.MUDRA has products and schemes under its umbrella, named Shishu (loans up to Rs50,000), Kishor (loans between Rs50,000 and Rs5 lakh) and Tarun (loans between Rs5 lakh and Rs10 lakh).  MUDRA will be operating as a refinancing institution through State/Regional level intermediaries.

Its delivery channel is conceived to be through the route of refinance primarily to NBFcs/MFIs, besides other intermediaries including banks, primary lending institutions, etc.

Daily Pioneer
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