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MUDRA has been initially formed as a wholly owned subsidiary of Small Industries Development bank of India (SIDBI) with 100% capital being contributed by it. Presently, the authorized capital of MUDRA is 1000 crores and paid up capital is 750 crore, fully subscribed by SIDBI. [6] More capital is expected to enhance the functioning of MUDRA.
They can select and apply for preferred banks through this portal. Under the portal entrepreneurs can apply for loan without physically visiting any bank branches and can select from over 1 lakh bank branches, track their application status and avail multiple loan benefits. It also has facility for uploading all necessary documents.
Under this scheme, loans up to ₹ 1 million (US$12,000) are given for non-agricultural activities under the three categories: Shishu (loans up to ₹ 50,000 (US$580)); Kishore (loans from ₹ 50,000 (US$580) to ₹ 500,000 (US$5,800)) and Tarun (loans from ₹ 500,000 (US$5,800) to ₹ 1 million (US$12,000)). According to a report by the SKOCH ...
Pradhan Mantri Jan Dhan Yojana (transl. Prime Minister's Public Finance Scheme) is a financial inclusion program of the Government of India open to Indian citizens (minors of age 10 and older can also open an account with a guardian to manage it), that aims to expand affordable access to financial services such as bank accounts, remittances, credit, insurance and pensions.
The Ministry of Rural Development, a branch of the Government of India, is entrusted with the task of accelerating the socio-economic development of rural India.Its focus is on special rural grants for health and education, piped filtered drinking water programs, public and affordable housing programs, public work programs and grants for rural roads and infrastructure.
Kishore Vaigyanik Protsahan Yojana (English: Young Scientist Incentive Plan) (KVPY) used to be a scholarship programme funded by the Department of Science and Technology of the Government of India, aimed at encouraging students to take up research careers in the areas of basic sciences. It offered scholarships and contingency grants up to the ...
Pradhan Mantri Kisan Samman Nidhi (PMKISAN, translation: Prime Minister's Farmer's Tribute Fund) is an initiative by the government of India that give farmers up to ₹ 6,000 (US$69) per year as minimum income support.
MICA, formerly Mudra Institute of Communications, Ahmedabad, is a private business school located in Ahmedabad, India. [1] MICA has a wide range of academic offerings including residential programmes for Post Graduate Management Studies and a Fellow Programme in Management (Communication) (residential, but off campus).
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