Union Budget preview and MUDRA non-banking loans

Big News Exclusive considers expectations from the post-demonetisation Union Budget. Jiji Mammen, CEO of Micro Units Development and Refinance Agency explains the criteria and modalities on disbursement of loans to small entrepreneurs/groups. Appearing 'exclusive'ly on 'Money Icon' the SIDBI non-banking subsidiary head reveals that the NSSO insight that nearly 90% of India's 5.38 crore small ventures were at the mercy of loan sharks resulted in this Central government flagship initiative. Of the re. 1.33 lakh cr. disbursed this year, Kerala accounts for around re. 4,500 cr. Prospective beneficiaries can approach nodal officers in all major banks. Money News, Episode: 43.

Anchor: Abhilash Gopinathan

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