Sa-dhan, the self-regulatory organisation for microfinance institutions (MFIs), has recently sought the setting up of a new refinancing body and greater flexibility in the India Microfinance Equity Fund (IMEF).
MUDRA is a refinancing Institution and does not lend directly to the micro entrepreneurs / individuals.
MUDRA Bank lends at low interest rates to MFIs and non-banking financial institutions (NBFCs), which, in turn, finance small businesses.
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