Micro Units Development and Refinance Agency Bank

Micro Units Development and Refinance Agency (MUDRA) Bank
Company typeSubsidiary
IndustryBusiness finance
Founded8 April 2015 (2015-04-08)
HeadquartersMumbai
Area served
India
ProductsMicrofinance and refinance

Micro Units Development and Refinance Agency Bank (or MUDRA Bank)) is a public sector financial institution in India. It provides loans at low rates to micro-finance institutions and non-banking financial institutions which then provide credit to MSMEs. It was launched by Prime Minister Narendra Modi on 8 April 2015.

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