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Prime Minister Narendra Modi to launch MUDRA bank tomorrow

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By Newsgram Staff Writer

The Prime Minister Narendra Modi will launch the Micro Units Development and Refinance Agency Ltd. (MUDRA)  bank tomorrow at Vigyan Bhavan which will benefit 5.77 crore small business units.

Earlier, the Union Finance Minister Arun Jaitley in his Budget Speech said, “The creation of a Micro Units Development Refinance Agency (MUDRA) Bank, will be completed with a corpus of Rs.20,000 crore, and credit guarantee corpus of Rs.3,000 crore.”

“MUDRA, to be set up through a statutory enactment, would be responsible for developing Micro-Finance Institutions (MFIs) which are in the business of lending to small business entities engaged in manufacturing, trading and service activities. It would also partner with state/regional level coordinators to provide finance to last mile financiers of small business enterprises,” he added.

The roles for MUDRA bank would include laying down policy guidelines for micro enterprise financing business, registration of MFI entities, accreditation of MFI entities.

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Twitter Celebrates Gandhi Jayanti

The micro-blogging site has also celebrated India's Independence Day, Republic Day, Diwali and International Day of Yoga with customised emojis.

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Twitter
The Twitter logo appears on a phone post on the floor of the New York Stock Exchange.. VOA

Twitter India on Tuesday celebrated 150th birth anniversary of Mahatma Gandhi with the announcement of a new customised “Gandhi Emoji”.

The “Gandhi Emoji” was officially launched by Prime Minister Narendra Modi on the micro-blogging site, which features a caricature of the Father of the Nation.

“Users in India and across the world can use the “Gandhi Emoji” by using the hashtags #GandhiJayanti, #MKGandhi, #BapuAt150, #MahatmaGandhi, #MyGandhigiri, #MahatmaAt150, #NexusOfGood, among others,” Twitter India in a statement.

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Mahatma Gandhi and Sarojini Naidu at the 1942 AICC session. Wikimedia Commons

The emoji will be live until October 8. It is available on both the actual app and Twitter Lite.

The micro-blogging site has also celebrated India’s Independence Day, Republic Day, Diwali and International Day of Yoga with customised emojis. (IANS)

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