By 121 News
Chandigarh 16th September:- Bank of Maharashtra, launched the bank's Mudra Card under the Pradhan Mantri Mudra (Micro Units Development and Refinancing Agency Ltd) Yojna on the occasion of the 81st foundation day of the bank in its zonal office on Wednesday. The Mudra Card was launched by M.C. Kulkarni, General Manager, of the Bank. The first Mudra Card was handover to the customer of the Rakesh Kumar of Mukerian Branch.
M.C. Kulkarni, General Manager, said that through this scheme the bank is extending credit to the smaller and micro enterprises under manufacturing, trading and services sector whose credit needs are below Rs 10 lakhs. Loans given to this segment for income generation will be known as Mudra Loans.
Giving details of the mudra card, bank zonal manager Harish Gupta said that
the classification of accounts covered under the scheme are 'Shishu' for loans upto Rs 50,000, 'Kishore' for loans from Rs 50,001 to Rs 5 lakh and 'Tarun' for loans above Rs. 5 lakh upto Rs 10 lakh.
M.C. Kulkarni also shared banks latest initiatives and other banking products which were highly customer friendly.
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