Small businesses are the backbone of the Indian economy, providing a significant portion of employment opportunities and contributing to the country’s GDP. However, a major challenge faced by these small business owners is access to credit. In response to this challenge, the Government of India launched the MUDRA (Micro Units Development and Refinance Agency) loan scheme in 2015. This article provides an overview of the Mudra Loan scheme, its features, benefits, and how it can empower small business owners in India. What is MUDRA LOAN ? MUDRA (Micro Units Development…
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Mudra Loans : Ultimate Guide to Financing Your Small Business
As a small business owner, you know how important it is to have access to financing to help your business grow. Mudra Loans are a government-backed financing option that has been designed to help small businesses in India. In this comprehensive guide, we will provide you with all the information you need to know about Mudra Loans. What are Mudra Loans ? Mudra Loans are a type of loan provided by the government of India to small businesses that require funding to expand their operations. The loans are provided by…
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