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The banks in Dakshina Kannada district will conduct a mega credit camp to disburse loans under the MUDRA scheme of the Centre on September 28.
A press release by the Lead Bank of the district, Syndicate Bank, said here on Thursday that the Central Government has conceived the idea of establishing MUDRA (Micro Unit Development and Refinance Agency) Bank through which the beneficiaries, existing and new, can get loans from all the commercial banks and regional rural banks in the country. Such loans are termed as MUDRA loans.
To popularise the scheme and to speed up the disbursement of MUDRA loans, the Department of Financial Services under the Union Ministry of Finance has advised the heads of all the commercial banks and regional rural banks to launch a campaign from September 25 to October 2 for disbursing loans under MUDRA.
Sanction letters will be distributed to the beneficiaries of all the banks in Dakshina Kannada district in the mega credit camp to be held in Mangaluru on September 28, the release said.
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