List out the objectives of MUDRA Bank?

1.	List out the objectives of MUDRA Bank?
Answer» 1. Regulate the lender and the borrower of microfinance and bring stability to the microfinance system. 2. Extend finance and credit support to Micro Finance Institutions [MFI] and agencies that lend money to small businesses, retailers, self-help groups and individuals. 3. Register all MFIs and introduce a system of performance rating and accreditation for the first 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.

Answer»

1. Regulate the lender and the borrower of microfinance and bring stability to the microfinance system.

2. Extend finance and credit support to Micro Finance Institutions [MFI] and agencies that lend money to small businesses, retailers, self-help groups and individuals.

3. Register all MFIs and introduce a system of performance rating and accreditation for the first 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.

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