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As Mudra refinance loses sheen, focus shifts to credit guarantee

As Mudra refinance loses sheen, focus shifts to credit guarantee

Monday, March 20, 2017, 10:58 AM

After getting a muted response from banks to its refinance facility, the Micro Units Development Refinance Agency (Mudra), the NBFC arm of the Small Industries Development Bank of India, will focus on credit guarantee. Little over 40 banks are in the process of availing credit guarantee from Mudra. Another eight recently bought insurance cover to extent of about Rs5,000 crore, Jiji Mammen, CEO said.
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