Role of Mudra Bank In The Growth of Msmes
Journal Title: International Journal of Business and Management Invention - Year 2018, Vol 7, Issue 2
Abstract
The Micro, Small and Medium Enterprises(MSMEs) sector has acquired a prominent place in the growth of the Indian economy. This sector is a nursery of entrepreneurship often driven by individual creativity and innovation. Indian MSME sectors a reality by launching a dedicated bank for MSME sector is known as MUDRA bank will spur the growth of Indian MSME sector and help them to increase their contribution to Indian GDP. The new apex bank would channelize funds from formal sources and provide it to the needy units or individuals in a timely manner with rational cost of borrowing. This paper highlights the role of MUDRA bank in the growth of MSME sector. The study also covers objectives of MUDRA bank and the various schemes or products offered by the bank.
Authors and Affiliations
Binija George, Dr. J Nalini
Keywords
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