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Corporation Bank launches MUDRA card


  • Corporation Bank is the first bank to launch the MUDRA card based on the RuPay platform.
  • MUDRA card is a part of the Pradhan Mantri MUDRA Yojana which aims to fund the unfunded under non-farm micro units in manufacturing, trading and services with affordable credit up to Rs 10 lakh.
  • The card facilitates withdrawal and use of the working capital finance by micro entrepreneurs. Under PMMY, three loan schemes are offered to the entrepreneurs based on their capacity to repay.

Source: ET

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