Latest MUDRA News & Updates

New Delhi, Jan 24 (IANS) Prime Minister Narendra Modi on Saturday distributed more than 61,000 appointment letters to newly recruited youth at the 18th Rozgar Mela and addressed them through a video link, emphasising reforms, economic growth and the role of young people in nation building. “Today, you are receiving appointment letters for government services; in a way, this is an invitation letter for nation building,” the Prime Minister said, reminding the youth of their duty towards the Consti…

New Delhi, Jan 10 (IANS) The strategic interventions by the Department of Financial Services (DFS) has improved the financial health and robustness of banking sector significantly, with gross NPA ratio of scheduled commercial banks (SCBs) declining to 2.22 per cent and that of scheduled commercial banks (PSBs) declining to 2.58 per cent, an official statement said on Saturday.Furthermore, the Provision coverage ratio (PCR) of SCBs increased from 49.31 per cent in March 2015 to a healthy 93.14 pe…