Sunday, May 7, 2017

MUDRA Bank and PMMY



MUDRA Bank
  • Launched on April 8 2015 
  • Under Pradhan Mantri Mudra Yojana (PMMY) 
  • As a wholly owned subsidiary of SIDBI 
  • With initial capital of Rs. 20000 crores and credit guarantee fund of Rs.3000 crores 
  • Major role - refinancing and developing micro enterprises 
  • It will provide funds to Non Corporate Small Business Sector (NCSBS) 
  • Agencies that provide the loan : 
    • PSBs, RRBs. Cooperative banks, MFIs, Private Sector Banks, Foreign Banks,NBFC 
  • Mudra Loan - 3 Categories
    • Loans upto 50000 - Shishu Category 
    • Beyond 50000 upto 5 Lakhs - Kishore Category 
    • Beyond 5 Lakhs upto 10 Lakhs - Tarun Category 
  • Mudra Card - with CC/OD facility 
  • CGFMU - Credit Guarantee Fund for Mudra Units 
    • National Credit Guarantee Trustee Company Ltd. (NCGTC Ltd) - Trustee of the fund 
    • Extend to 50 percent of the default amount. 
  • MUDRA refinance rate for commercial banks, RRBs and cooperative banks - 6.72% 
    • Differential rate for MFIs, NBFC MFIs (presently 9.45% -11.45%) 

Monday, December 31, 2012

Validation - A must watch short film

"Validation" is a fable about the magic of free parking.Starring TJ Thyne & Vicki Davis
Writer/Director/Composer - Kurt Kuenne
A Theatre Junkies Production.

Tuesday, December 4, 2012

Google Easter Eggs

Google’s hidden ‘Easter eggs’ are secret search terms that are just plain fun.
(Please note that you might need to change your Google Instant search settings to be able to click the I’m Feeling Lucky button for some of these. It’s worth it! )

Friday, December 9, 2011

Johnny Depp and Tim Burton : The Magical Duo


Tim Burton


“A lot of things you see as a child remain with you…you spend a lot of your life trying to recapture the experience.”

– Tim Burton 

Tuesday, December 7, 2010

Tuesday, July 6, 2010

The Prince Of Mathematics

Carl Friedrich Gauss 
1777-1885

Carl Friedrich Gauss (1777-1855) is considered to be the greatest German mathematician of the nineteenth century. His discoveries and writings influenced and left a lasting mark in the areas of number theory, astronomy, geodesy, and physics, particularly the study of electromagnetism.

MUDRA Bank and PMMY

MUDRA Bank Launched on April 8 2015  Under Pradhan Mantri Mudra Yojana (PMMY)  As a wholly owned subsidiary of SIDBI  With initial ca...