The Micro, Small and Medium Enterprises (MSME) sector in India plays a crucial role by providing large employment opportunities, industrialization of rural areas, reducing regional imbalances, etc.
Pradhan Mantri Mudra Yojana The Government has initiated the Pradhan Mantri Mudra Yojana for development and refinancing activities relating to micro industrial units. The purpose of MUDRA is to provide funding to the non-corporate small business sector. The Government has also set up Micro Units Development and Refinance Agency (MUDRA) Bank. |