Mudra Loan Yojana Marathi2021
Under the intervention of Pradhan Mantri Mudra Yojana under Mudra Bank, it has three categories - Infant, Adolescent and Young. These three categories will help the beneficiaries in growth and development. The major objectives of Mudra Bank are as follows:
1. Regulation of microfinance lenders and borrowers and providing sustainability while ensuring regulation and inclusive participation in the microfinance system.
2. To assist microfinance institutions (MFIs) and small lenders, retailers, self help groups and lending agencies in finance and lending activities.
3. Registering all MFIs and introducing a system of performance ratings and preference for the first time. This will help in assessing before taking a loan and reaching out to the MFIs who meet their needs and whose old record is most satisfactory. This will increase competitiveness in MFIs. Borrowers will benefit from this.
4. To provide infrastructural guidelines to the borrowers, by following which business failures can be avoided or appropriate steps can be taken in time. In case of default, the currency will help in formulating the acceptable procedure or guidelines to be followed for recovery of dues.
5. Preparation of standardized regulations, which will become the backbone of micro business in future.
6. Create a credit guarantee scheme to guarantee loans to micro businesses.
7. Provide appropriate technology to assist in the process of monitoring the disbursed capital, borrowing and lending.
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