Role of Mudra on Promoting Sustainable Development in MSME

  • C B Chowdappa S.E.A. College of Science, Commerce, & Arts, K.R.Puram, Bangalore, India
  • S K Shruthi S.E.A.College of Science, Commerce & Arts, K.R.Puram, Bangalore, India
  • A S Chandana S.E.A. College of Science, Commerce & Arts, K.R.Puram, Bangalore, India
  • Mary Sushma S.E.A.College of Science, Commerce & Arts, K.R.Puram, Bangalore, India
Keywords: MUDRA, MSME, Sustainable development, Financing & Refinancing

Abstract

2017 is an era of tremendous revolution which takes place in pertaining to economic development. Among them, digital transactions, digital India, global village, new start up’s are some leading concept introduced to speed up the economic development. Along with these concepts, few more schemes are introduced for the development of MSME’s. Financing & Refinancing plays a vital (micro small & medium enterprise)

As an alternative to financing & Refinancing MSME, MUDRA(micro units development & refinanceAgency) was set up by the government of India in 2016. It is the one of the most complex tasks to understand the role of MUDRA on sustainable development because of complexes on expanding MUDRA to all over India & to control its activities.

This is paper explains the role of MUDRA on promoting sustainable development in MSME & its complexities. An attempt has been made to find out eligible MSE’s, Maximum amount of assistance, interest, securities & its coverage of financing on MSME.

Published
2017-07-28
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