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India Bole: Small loans electrifying Indian business

Monday, Jan 04, 2016 08:40 PM

These days’ small businessmen are cropping up and people who were seeking jobs are now proving employment. With the start of Micro Units Development and Refinance Agency Bank (MUDRA) is a public sector financial institution in India. It provides loans at low rates to micro finance institutions and non-banking financial institutions which then provide credit to MSME's. But there are many challenges for them.

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