Micro Units Development and Refinance Agency Bank

Micro Units Development and Refinance Agency (MUDRA) Bank
TypeSubsidiary
IndustryBusiness finance
Founded8 April 2015 (2015-04-08)
HeadquartersMumbai
Area served
India
ProductsMicrofinance and refinance
Prime Minister of India Narendra Modi

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