Financial Services Secretary Hasmukh Adhia at Mangalore launched State-owned Corporation Bank’s MUDRA (Micro Units Development and Refinance Agency) Card for small enterprises, based on the RuPay platform.
Pradhan Mantri MUDRA Yojana (PMMY) aims to fund the unfunded and formalize the informal under non-farm Micro Units in manufacturing, trading and services with affordable credit up to Rs 10 lakh.