Press Releases

The Indian Institute of Entrepreneurship (IIE) organized an awareness programme on MUDRA Scheme (Micro Units Development & Refinance Agency) on 28th of November, 2015. Mr. R. K. Chandra, Advisor, NIESBUD, NOIDA conducted the programme. Budding entrepreneurs, start-ups, businessmen, entrepreneurs, financial practitioners and nano & micro level operators, informal sector entrepreneurs, students of business management, NGOs, Handicraft persons and employees of IIE attended the programme.   

MUDRA is one of the most recent Schemes launched by the Prime Minister of India launched on 8th April. The purpose of the scheme is to support the development of small enterprises in the un-organized sector, which are bereft of the financial support currently. This scheme is launched keeping in mind to reach out to those people who are out of the financial inclusion. The programme was designed to highlight on the Mudra scheme and its process. In the scheme the loan component is being insured under CGT-MSME en-bulk. Current FY corpus is Rs. 20,000 cr.  It has three categories Sishu- loans below Rs. 50000/-, Kishore- between Rs. 50,000/- and Rs. 5/- lakhs and Tarun between Rs. 5/- lakhs and Rs. 10/- lakhs.

Speaking on the occasion Mr. R.K Chandra valued the efforts of IIE in organizing such a programme that highlighted the objectives and advantages of the Mudra scheme for financial support for budding and existing entrepreneurs which would benefit the people at large. The scheme is essential for the very small and micro industries which require low investment yet they don’t have the assets to mortgage or lacks net-worth.

Mr. Manoj K Das, Director, IIE stated that such an initiative by Government of India is supportive for the enterprise building and creation of an entrepreneurial society. The Mudra scheme will benefit 95% enterprises under MSME sector belonging to the informal/unorganised sector, he said.