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Benefits of MUDRA Scheme highlighted

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JALUKBARI, Nov 30 - The Indian Institute of Entrepreneurship (IIE) organised an awareness programme on MUDRA Scheme (Micro Units Development & Refinance Agency) in the city on Saturday.

RK Chandra, advisor, NIESBUD, Noida, conducted the programme. Budding entrepreneurs, startups, businessmen, entrepreneurs, financial practitioners and nano and micro-level operators, informal sector entrepreneurs, students of business management, NGOs, handicraft artisans and employees of IIE attended the programme.

MUDRA is one of the schemes launched by the Prime Minister in April. The purpose of the scheme is to support the development of small enterprises in the unorganised sector. This scheme has been launched to reach out to the 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 insured under CGT-MSME. The current fiscal year corpus is Rs 20,000 crore. It has three categories: �Sishu� � loans below Rs 50,000, �Kishore� � between Rs 50,000 and Rs 5 lakh, and �Tarun� � between Rs 5 lakh and Rs 10 lakh.

The scheme is essential for the very small and micro industries, which require low investment but do not have the assets to mortgage or lack the net worth.

Manoj Kr Das, Director, IIE, stated that this initiative by the Govt of India would lead to enterprise building and creation of an entrepreneurial society. The MUDRA Scheme will benefit 95 per cent enterprises under the MSME sector belonging to the informal/unorganised sector, he said.

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Benefits of MUDRA Scheme highlighted

JALUKBARI, Nov 30 - The Indian Institute of Entrepreneurship (IIE) organised an awareness programme on MUDRA Scheme (Micro Units Development & Refinance Agency) in the city on Saturday.

RK Chandra, advisor, NIESBUD, Noida, conducted the programme. Budding entrepreneurs, startups, businessmen, entrepreneurs, financial practitioners and nano and micro-level operators, informal sector entrepreneurs, students of business management, NGOs, handicraft artisans and employees of IIE attended the programme.

MUDRA is one of the schemes launched by the Prime Minister in April. The purpose of the scheme is to support the development of small enterprises in the unorganised sector. This scheme has been launched to reach out to the 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 insured under CGT-MSME. The current fiscal year corpus is Rs 20,000 crore. It has three categories: �Sishu� � loans below Rs 50,000, �Kishore� � between Rs 50,000 and Rs 5 lakh, and �Tarun� � between Rs 5 lakh and Rs 10 lakh.

The scheme is essential for the very small and micro industries, which require low investment but do not have the assets to mortgage or lack the net worth.

Manoj Kr Das, Director, IIE, stated that this initiative by the Govt of India would lead to enterprise building and creation of an entrepreneurial society. The MUDRA Scheme will benefit 95 per cent enterprises under the MSME sector belonging to the informal/unorganised sector, he said.