PM #NarendraModi to launch MUDRA bank today.

Prime Minister Narendra Modi will launch the Micro Units Development and Refinance Agency Ltd. (MUDRA) bank at the Vigyan Bhavan in the national capital today.

In his Budget Speech for Financial Year 2015-16, Union Finance Minister Arun Jaitley had proposed the creation of the bank, with a corpus of Rs. 20,000 crore, and credit guarantee corpus of Rs. 3,000 crore.