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Pradhan Mantri Mudra Yojana , (પીએમએમવાય) , , /સુક્ષ્મ 10 . (Mudra). મંત્રી મુદ્રા યોજના અંતર્ગત શરૂ કરવામાં છે

Pradhan Mantri Mudra Yojana Micro Units Development and Refinance Agency Ltd, [MUDRA] is an NBFC that supports the development of the micro-enterprise sector in the country. MUDRA Provides refinancing support to banks / MFIs for loans to micro-units with borrowing needs up to 10 million. MUDRA provides refinancing to micro-enterprises under the Scheme of Pradhan Mantri MUDRA Yojana.

The other products are intended for industry development support. The Sacrifice Bouquet of MUDRA is shown below. The offer is aimed at the whole spectrum of beneficiary segments. Pradhan Mantri Mudra Yojana

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Eligibility Criteria: Pradhan Mantri Mudra Yojana

Index

ELIGIBILITY CRITERIA FOR PARTNER INSTITUTIONS

  • Micro Units Development and Refinance Agency (MUDRA) has adopted the eligibility standards related to different categories of banks for the partner lending institutions for the purpose of refinancing micro units in manufacturing, trading and service sectors in rural and urban areas.

I. PLANNED COMMERCIAL BANKS

A. Public sector banks

  • Should have made a profit in the past 2 years failing which the minimum external rating of long term instruments is not lower than A-(min) from accredited rating agencies.
  • Level of net NPAs of no more than 15%.
  • CRAR as determined by RBI from time to time.
  • Net worth above Rs.250 crore.

B. Private sector banks

  • Should have made a profit in the past 2 years failing which the minimum external rating of long term instruments is not lower than A-(min) from accredited rating agencies.
  • Level of net NPAs of no more than 10%.
  • CRAR as determined by RBI from time to time.
  • Net worth above Rs.250 crore.

C. Regional Rural Banks

  • Should have made net profit in the last two years.
  • Level of Net NPAs equal to or below 6%.
  • CRAR as determined by RBI from time to time.
  • Net own fund above Rs.50 crore.

D. Small financial banks

  • Should have been given a final license by the Reserve Bank of India (RBI) to continue the operations of the Small Finance Bank and commence the operations of the Small Finance Bank.
  • SFB/previous entity prior to conversion to SFB (together) should have made a profit during the last 2 financial years.
  • Must have a sizable outstanding portfolio (> 500 crore) consisting of advances to micro/small enterprises related to income generation in manufacturing, services, trade or activities related to agriculture/other activities that are changed from time to time approved/approved under PMMY loans.
  • Must have strong fundamentals based on the last checked balance.
  • CRAR as determined by RBI from time to time.
  • Net worth greater than or equal to 100 crore.
  • Gross NPA less than or equal to 5%.

II. MICRO FINANCIAL INSTITUTION

  • Must be a registered legal entity lending to micro-units meeting the loan size criteria of MUDRA (which is currently a loan of Rs.1 lakh or as determined by RBI from time to time) for at least 3 years or the promoters/management must have a minimum experience of 10 years.
  • Have a minimum reach of 3000 existing borrowers.
  • Must have received the minimum capacity rating as noted below:
  • Mfr-4 (equivalent to CRISIL) for TN, Kerala, Karnataka and Puducherry
  • Mfr-4 (equivalent to CRISIL) for Tier-I and Tier-II MFIs and Mfr-5 for the Tier-III
  • MFIs in other remaining states.
  • Must have appropriate systems, processes and procedures such as internal accounting, risk management, internal audit, MIS, cash management etc.
  • Should target proprietary enterprises within the micro-unit category, ie, owner-operated businesses.
  • Comply with minimum CRAR and other standards set by RBI for MFIs registered as NBFC MFIs and comply with all applicable RBI guidelines including pricing etc.
  • Three years profitable track record, recovery performance not less than 90%, Portfolio at Risk > 90 days less than 5% (relaxable to 7% on a case-by-case basis) for MFIs.
  • Must be a member of credit bureaus under RBI policies.
  • Has a minimum loan/refinancing requirement of Rs.0.50 crore.
  • Targets the poor, especially women, and is secular.
  • has audited financial statements (in the case of an NGO with microfinance as a program, the NGO must have separate audited financial statements for the MFI program) and
  • For NBFCs or other MFIs established for/by taking over the existing MF business of another entity, the track record of the prior entity in terms of existence, previous ratings, etc., guidelines related to to the value of FDRs to be posted as collateral etc. . subject to continuity of promoters/higher management/transfer of significant (>60%) part of the MF operations of the previous entity.
  • MUDRA’s loan is lent by MFIs for use by borrowers in; setting up/running non-agricultural income generating activities and micro/small enterprises, including trading activities/services.

Important Links: Pradhan Mantri Mudra Yojana