| JK Namo Group Foundation holds meet, highlights schemes of PM | | | Early Times Report
Jammu, Jan 20: J&K Namo Group Foundation today met under the Chairmanship of P.N.Pandita and discussed the number of Schemes launched by PM Narendra Bhai Modi during the past one and half year benefiting the common man and downtrodden people. A number of schemes like Pradhan Mantri Jan Dhan Yojna, Atal Pension Yojna, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Mudra Yojana and other schemes came under discussion.
Micro Units Development and Refinance Agency Bank (MUDRA Bank), is a new institution set up by the Government of India for development of micro units and refinance of MFIs to encourage entrepreneurship in India & provide the funding to the non corporate small business sector. MUDRA Bank will need two type of product like refinance for the micro units having loan requirement from Rs 50 thousands to 10 lakhs and support of Micro Finance Institutions (MFI) . MUDRA will refinance to micro business under the scheme of Pradhan Mantri MUDRA Yojana. Under the guideline of Pradhan Mantri MUDRA Scheme, MUDRA Bank has launched its three initiative products and its name is Shishu , Kishsori & Tarun to signify the stage of growth and funding needs of the micro units or entrepreneur. MUDRA Bank is refinancing through State level institutions. MUDRA will deliver the loan through NBFCs, MFIs, Rural Banks, District Banks, Nationalized Banks, Private Banks, Primary Lending Institutions and other intermediaries.
Recently Central Government decided to provide an additional fund of one Lakh crore rupees to the market and it will be allocated through Mudra Bank Shishu Loan Scheme Rs. 40.000 crores, Mudra Bank Kisor Loan Scheme Rs. 35000 crores, Mudra Bank Tarun Loan Scheme Rs. 25000 crore. The Namo Group Foundation Jammu and Kashmir stressed upon the Government of J&K and the offices at the helm of affairs in the bank to implement the scheme so that the poor people are benefited through these popular schemes. |
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