Saturday, August 19, 2017

Vice President of India and Rajya Sabha Chairman

Naidu was born on 1 July 1949 at Chavatapalem, in the Nellore district of the Indian State of Andhra Pradesh.

He completed schooling from Z.P. High School, Butchireddy palem(Nellore), and pursued his bachelor's degree in arts from V. R. College. further, he acquired a bachelor's degree in law with specialisation in international law from Andhra University College of Law, Visakhapatnam.

He attended the Rashtriya Swayamsevak Sangh in his childhood. He joined ABVP during his college days. He was elected as the president of the students union of colleges affiliated to the Andhra University when he was student of law

He was part of Separate Andhra movement. He took active part in Anti emergence agitation. He was active in Janata Party. Moved to national politics. Became president of the party.

I have an RSS background and I am proud of it, says Venkaiah Naidu

Shri Sitaram Yechury welcoming Shri. M. Venkaiah Naidu


Shri Ghulam Nabi Azad welcoming Shri M. Venkaiah Naidu


Prime Minister Shri Narendra Modi welcoming Shri M. Venkaiah Naidu

11 August 2017


First Speech in Rajya Sabha

11 Augsut 2017



Shri. M. Venkaiah Naidu taking oath as Vice President of India

11 August 2017


Gandhi Statue at UN Headquarters, Geneva

Prof Narayana Rao, visited Gandhi Statue in Geneva

Friday, August 18, 2017

Andhra Pradesh Cricket - Good Days - Won Dr. K. Thimmappiah Trophy 2017

ACA  has won the first major invitation national-level tournament.

It is the first in 63 years after its inception.



KSCA (T), 15 Aug 2017 -

Match Drawn.

Andhra Cricket Association took first innings lead and won the Tropy


Gujarat Cricket Association 365/10 (111.0 Overs), RR 3.29

Andhra Cricket Association 527/8 (187.5 Overs), RR 2.81

BATSMEN   (C) (B)  Runs

D B PRASANTH KUMAR lbw Aashav Panchal 27(91)
K S BHARAT *+ c & b MEHUL PATEL 54(73)
RICKY BHUI c MANPRIT JUNEJA b Aashav Panchal 109(267)
SUMANTH not out 75(217)
SHOIB MOHD KHAN b Aashav Panchal 51(58)
I KARTHIK RAMAN c CHINTAN GAJA b Chirag Gandhi 22(42)
Extras 19 ( b 6, lb 2, w 7, nb 4) 527/8 (187.5 Overs)

9 August 2017

Andhra Won against KSCA XI by spin of coin

Alur -1 (Platinum Oval), 09 Aug 2017 - Innings1 Match Drawn Andhra won by spin of coin

Andhra Cricket Association 591/6 dec (191.3 Overs), RR 3.09

KSCA XI 310/1 (94.0 Overs), RR 3.3



K S BHARAT *+ b J SUCHITH 218(492)
SUMANTH not out 202(363)2625417211
SHOIB MOHD KHAN not out 4(13)

Extras 34 ( b 9, lb 12, w 1, nb 12) 591/6 (191.3 Overs)

FALL OF WICKETS 1 - 127(D B Prasanth Kumar, 30.1 ov) , 2 - 135(M U B Sriram, 36.6 ov) , 3 - 173(Ricky Bhui, 57.2 ov) , 4 - 185(Venugopal Rao Y, 63.1 ov) , 5 - 477(K S Bharat, 156.6 ov) , 6 - 565(Jyothi Sai Krishna, 186.5 ov)

Interview of Y. Venugopala Rao

Rajendra Singhji Institute Ground (RSI), 22 Jul 2017

KSCA Presidents XI Won the Toss elected to bat

KSCA Presidents XI 393/10 (96.5 Overs), RR 4.06

Andhra Cricket Association, 461/10 (119.2 Overs), RR 3.86

KSCA Presidents XI 332/9 dec (102.4 Overs), RR 3.23

Andhra Cricket Association 117/7 (35.0 Overs), RR 3.34

BATSMEN (C) (B) Runs


వసతుల కల్పనలో ఆంధ్రా క్రికెట్ సంఘం దేశంలోనే ఆదర్శంగా నిలుస్తోంది: BCCI అ‍ధ్యక్షుడు అనురాగ్ ఠాకూర్


Mudra Finance for Micro Units - Role of Bank Branches in India


A recent report says India has 6 crore micro units. It employs total 11 crore person including owners of micro units. It contributes Rs. 11 lakh crores valued added.

We need to plan for 10 crore micro units supporting creation of new units at the rate of one crore per year for the next four years. This will create 4 crore persons new employment.

We can also plan for fresh employment to one crore persons every year in micro units by reserving loans for units that promise one extra job in their unit.

Thus in four to five years, India can plan to have 10 crore micro units employing 20 crore persons and contributing at least Rs.20 lakh crores to the value added in India.

The number on bank branches in India at the end of June 2016 is 1.30 lakhs.

It means every branch on average has to service 800 micro units under Mudra finance scheme to provide finance to 10 crore micro units. Banking infrastructure has to be developed to handle this size of business and certain bank officers have to be trained specially to cater to this segment. The credit need of this segment may be more than Rs. 10 lakh crore. It can be as big as agricultural credit.

Thursday, August 17, 2017

Can Indian E Commerce Achieve it? 8 Million Merchants Online



India has 6 crore (60 million) micro units. so having 8 million online merchants is an achievable goal. E-commerce platforms have to get in touch with banks to find out manufactures and wholesalers who have taken Mudra loans and tie up with them to register them as online merchants. E-commerce sales shall certainly expand sales for many and increase competition in the economy. This will be good to the economy as lowering of prices increases sales and thus expands the economy. Development of E-commerce that could contribute to increase in GDP.

9 March 2016
Good News

4 - Million Merchants on Paytm Platform!

Paytm claims it is doable this year.  Let us hope they succeed and support the endeavour.

What is Paytm

Paytm is one of the eleven companies that were granted payment bank license by Reserve Bank of India. Paytm can now offer number  of financial services to its users. It cannot  lend money or issue credit cards. Paytm started as a prepaid mobile recharge website in 2010 under the aegis of its parent company One97. Now it is a a separate company. It was spun off in 2015. More than 100 million people currently use Paytm’s e-wallet to make online payments.

Founder: Vijay Shekhar Sharma
Year: 2010
Alibaba Group has so far invested USD 890 million for 40% stake. Ratan Tata is also an investor.

4-million merchants on platform? Paytm claims it’s doable this year
9 March 2016

Payments Banks are Challenger Banks in India
KPMG Report in 2015

Paytm aims to bring a million small merchants online
To handhold them through support services
Aug 2015

April 2015

Can Indian E Commerce Achieve it?  8 Million Merchants Online 

Alibaba, China  was founded in 1999. By 2014, they had 800 million people buying on their platform and 8 million merchants listed as sellers. They had revenues of $8 billion and $2 billion profit. The site had 60,000 transactions per minute.

Can we link our 600,000 villages using Ecommerce sites and create supply chains that go deep into the country and provide opportunity to every innovative person and enterpreneur?

Within a decade (by 2025), India’s consumption GDP will be $2.5 trillion, of which, 10% will be online

To create the most impactful digital commerce ecosystem in India,  four focus areas  require special attention – Digital payments, O2O & Omnichannel, Vernacular interfaces, and predictive analysis.

Related Pages

Become an E Commerce Vendor from Any Place in India

District Level Logistics and Distribution Center - Business Opportunity in E Commerce World

Design Can be a Big Business Opportunity in E Commerce World

Reliance Ecommerce Venture

Amazon now operates in India as E-Commerce Site

Updated 18 August 2017, 9 March 2016, 10 Jan 2016,  30 Oct 2015

Araku - Parliamentary Constituency - Andhra Pradesh

MP - 2014 General Election

Smt. Kothapalli Geetha, M.A., B.Ed.


Birthday Thursday, February 4, 1971


Qualifications: Master of Arts (MA), Public Admn., Sociology) from Andhra University B.Ed. from M. R. College of Educational, Andhra University, Vijayanagaram

Tuesday, August 15, 2017

Anakapalli - Parliament Constituency

2014 Election

MP: Muttamsetti S. Rao - TDP


Date of Birth: Monday, June 12, 1967
Education Qualifications: Higher Secondary (B.Com.)

Updated 16 August 2017, 18 May 2014

Mudra Loan Schemes and Applications Procedure

Micro, Small & Medium Enterprises Division
Head Office, Atma Ram House, New Delhi-110001
(Tel: 011-23359557; e-mail:


 “Activities allied to Agriculture” e.g. pisciculture, beekeeping, poultry, livestock rearing, grading, sorting, aggregation agro industries, diary, fishery, Agriclinics and Agribusiness centers, Food & Agro-Processing, etc. (excluding crop loans, land improvement such as canals, irrigation, wells ) and services supporting these, which promote livelihood, are also be eligible for coverage under PMMY w.e.f. 2016-17.

 However, funding under the “Activities allied to Agriculture” category is done as per the Bank’s existing Allied agriculture schemes and the terms and conditions, Margin, Collateral, Repayment, Rate of Interest shall be as per the guidelines of RBI / Bank.

 Any individual / proprietary concern / partnership firm / company / association of persons (AOP) / limited liability partnership (LLP) / etc., not a defaulter to any Bank / Financial Institution is eligible for Mudra loan .

 Following are the three variants of the MUDRA loans :
1. Shishu (upto Rs. 50,000)
2. Kishore (above Rs. 50,000 to Rs. 5 lakh)
3. Tarun (above Rs. 5 lakh to Rs. 10 lakh)
 Rate of Interest : The rate of interest applicable to the MSME units is in the range of MCLR
to MCLR +2.25% (subject to change, as per Govt /RBI guidelines, issued from time to time)

 Application forms :

1. Shishu Category :
For Hindi Application Form

For English Application Form
2: Kishore / Tarun Category (Bilingual Form)



1. Proof of identity i.e. Self certified copy of Voter’s ID card / Driving License / PAN Card
/ Aadhaar Card / Passport / Photo Ids, issued by Govt. authority etc.

2. Proof of Residence i.e. Recent telephone bill / Electricity bill / Property tax receipt /
Voter’s ID card / Aadhaar Card / Passport of Individual / Proprietor / Partners,
Certificate issued by Govt. Authority/Local Panchayat / Municipality etc.

3. Applicant’s Recent Photograph (2 copies) not older than 6 months.

4. Proof of SC/ST/OBC/Minority, if applicable.

5. Proof of Identity / Address of the Business Enterprise , if available.

6. Statement of Account from the existing Banker, for the last six months, if any.

7. Quotation of Machinery / other items, to be purchased.


1. Proof of identity i.e. Self certified copy of Voter’s ID card / Driving License / PAN
Card / Aadhaar Card / Passport / Photo Ids issued by Govt. authority etc.

2. Proof of Residence i.e. Recent telephone bill / Electricity bill / Property tax receipt /
Voter’s ID card / Aadhaar Card / Passport of Individual / Proprietor / Partners,
Certificate issued by Govt. Authority/Local Panchayat / Municipality etc.

3. Proof of SC/ST/OBC/Minority, if applicable.

4. Proof of Identity / Address of the Business Enterprise – Copies of relevant Licenses /
Registration Certificates / lease or Rent agreement/ Other Documents pertaining to
the ownership, identity of address of business unit / Udyog Aadhaar Memorandum.

5. Statement of Account from the existing Banker, for the last six months.

6. last two years unaudited balance sheets of the existing units, along with income tax
/sales tax returns etc. (Applicable for loans of Rs. 2 lakh and above).

7. Projected balance sheets of start-ups / existing units for one year, in case of working
capital limits and for the period of the loan in case of term loan (Applicable for loans
of Rs. 2 lakh and above).

8. Sales achieved during the current financial year, up to the date of submission of
application (in case of existing units).

9. Proforma Invoices / Quotations for the assets to be purchased and estimates for the
civil works, if any to be undertaken. Aspect of technical feasibility and economic
viability may be discussed with borrower, if felt necessary.

10.Asset & Liability statement of the borrower including, Directors & Partners.

11.Memorandum and Articles of association of the company/Partnership Deed of
Partners etc., wherever applicable.

12.Photos (two copies) of applicant / Proprietor / Partners / Directors not older than 6

Note : The above list of Basic Documents is only indicative in nature and not
exhaustive. Additional documents be obtained as per necessity on merit of each
case, depending upon the local requirements.


Actual application download from:

Mudra Loan Margin

Shishu category loan - Nil
Kishor and Tarun - 25%

Types of Loan - Cash credit/overdraft for working capital
                          Term Loan - for equipment

Monday, August 14, 2017

Samarth Bharat - Strong Capable Bharat - Website Information

Andhra Pradesh - State - India - Facts and Figures - Blogs - Blog Authors

History, Budget, Government, Online Articles

 State - Introduction

Andhra Pradesh is a state of Telugu speaking people in India. Now it getting split into two states - Andhra Pradesh and Telangana.

Hyderabad is its capital. New capital of Andhra Pradesh, Amaravati is being built.

Godavari and Krishna are two very important rivers of the state.

Tirupati, the abode of Lord Venkateswara, a Kaliyuga incarnation of Lord Vishnu is in Andhra Pradesh.

Border States: Orissa, Madhya Pradesh, Maharashtra, Karnataka and Tamilnadu


The study of history reveals that major portion of the southern India (Dakshina Padham) was extended by Andhra region. Several dynasties ruled over this part of the country.

Historically the earliest mention of the Andhras appeared in the Aitareya Brahmana.
Historians felt that Andhras, Pulindas, Sabaras, and many other sects lived in Dakshina Padh.
It is in the Mauryan age that one gets historical evidence of the Andhras as a political power in the southeastern Deccan. Megasthenese, who visited the Court of Chandragupta Maurya (B.C.322-297), mentioned that Andhra country had 30 fortified towns and an army of 1,00,000 infantry, 2,000 cavalry and 1,000 elephants. Buddhist books reveal that Andhras established their kingdoms on the Godavari belt at that time. Asoka referred in his 13th rock edict that Andhras were his subordinates.

History A.P. 1909 to 2009
Cabinets (Ministers) from 1.11.1956 to 2009



East Godavari

District Headquarters: Kakinada


Nellore - Potti Sreeramulu


West Godavari

Economy of Andhra Pradesh

Vision for 2022 and 2029

No. 3 in India by 2022 and No. 1 in India by 2029 in per capital income.

2016 - 17 Financial Year - Andhra Pradesh Economy

State GDP (2016 - 17):  Rs. 6,99,307
Key Sectors: Pharmaceuticals, Textiles, Agro and Food Processing, Automobile Components, Mineral-based Industries.

Major Industrial Hub: Visakhapatnam, Nellore-Tirupati, Hindupur

Industrial Corridors: Vizag - Chennai, Chennai - Krishnapatnam - Banguluru

National Manufacturing Zones: Anantapur and Chittoor

Budget, Aims and Forecasts

CM has stated that his objective is to plan for 15% growth in GDP of the State.

In the budget, The Gross State Domestic Product of Andhra Pradesh for 2016-17 is estimated to be Rs 6,83,233 crore. This is 13.2% higher than the estimates for 2015-16.

2015 - 16  Financial Year - Andhra Pradesh Economy

According to the CM, in 2015-16 financial year, the state aimed  to achieve  GSDP of Rs 1.65 lakh crore from 1.45 lakh crore in the previous fiscal.

Agriculture and its allied sectors in the state contribute 27 per cent of GSDP,  within which the aqua sector's (includes fisheries, shrimp) share is  six per cent.

Total irrigated land  will go up from the existing 68 to 86 lakh hectare by the end of 2019.

To develop agricultural activity, the government has plans to set up four universities in agriculture, horticulture,fisheries and animal husbandry fields.

The government has plans to recruit additional 8,000 agricultural extension officers in a phased manner.

Plan Achievements - Advanced Estimates

Overall growth 10.5%

The agriculture sector registered a growth of 8.40% in the current fiscal while the industry grew at 11.13% and services at 11.39%.


The culture of Hyderabad the capital and parts of Telangana are quite unique to the adaptation of customs of the Asaf Jahi Dynasty by the local populace. Some of the examples are the Deccani (Dakhni) dialect of the region which includes words and expressions from Urdu, Telugu, Persian, Arabic and Hindi. This is the origin of "Hyderabadi" Hindi, which shares some roots with the Urdu and Hindi mix of Hindustani language spoken prior to Indian Independence.

Elections were conducted for Assembly in April 2014 along with the parliament elections. In the Seemandhra Region, Telugu Desam under Chandra Babu Naidu won the majority and in Telangana area, Telangana Rashtra Samiti under K. Chandra Sekhara Rao won the majority.

 Presently Shri N. Kiran Kumar Reddy of the Congress party is the Chief Minister of the State.

A.P. Budget 2011-12 Highlghts
Budget files
Budget 2009-10 Vote on Account at a glance
Political Parties and Democracy

Bahujan Samaj Party
Communist Party of India
Communist party of India Marxist
Praja Rajyam
Telangana Rashtra Samiti
Telugu Desam
Lok Satta


Andhra Pradesh Guide - Blog

Lok Satta - News - Blog

Telugu Film YouTube Videos


Hindu Religion - Ashrams, Libraries, Temples, Vedas, Veda Schools



Villages, Towns and Cities

Knol Authors

Knol number - 1034

update on  15 August 2017,  18/5/2014, 16/1/2014,  29/4/2012

Sunday, August 13, 2017

India - MUDRA - Finance for Micro Units

July 2017

Target for 2017 - 2018

The Union Budget has announced a target of Rs. 2.44 lakh crore for Mudra Loans during 2017-18.

MUDRA Loan scheme - Achivement during 2016 - 17

Loans extended under the Pradhan Mantri Mudra Yojana (PMMY) during 2016-17 have crossed the target of Rs. 1,80,000 crore for 2016-17.

Information available on sanctions currently stand at Rs. 1,80,087 crore with final data still awaited from some of the smaller non-banking lenders. Of this amount, Rs. 1,23,000 crore was lent by banks while non-banking institutions lent about Rs. 57,000 crore.

The number of borrowers this year were over 4 crore, of which over 70% were women borrowers. About 20% of the borrowers were from the Scheduled Caste Category, 5% from the Scheduled Tribe Category, while Other Backward Classes accounted for almost 35% of the borrowers.

The Union Budget has announced a target of Rs. 2.44 lakh crore for Mudra Loans during 2017-18.

18 July 2017

Details of Mudra Loans sactioned in each district of Andhra Pradesh in 2016 -17

Counterview on Mudra

2 Feb 2017

Sep 2016
MUDRA lends over Rs 42,000 crore in 5 months.
Pickup expected in  H2

Planned disbursement for 2016 - 17: Rs 1.8 lakh crore
Disbursement targets for various categories of banks

Public sector banks: Rs 77,700 crore
Private and foreign banks:  Rs 21,000 crore
Regional rural banks: Rs 15,000 crore
MFIs: Rs 64,240

Canara Bank First Quarter April to June 2016

Credit to Micro, Small and Medium Enterprises (MSMEs) recorded a y.o.y growth of 8.53%
to 67074 crore.
 Credit to M&SE segments reached 50997 crore, with a growth of 7.58% y-o-y. The number
of Micro Enterprises Accounts recorded a growth of 22.02%.

Pradhan Mantri Mudra Yojana (PMMY)

 Under Mudra Yojana, the Bank disbursed 888 crore, covering 78016 accounts in the first quarter. 

Dena Bank  First Quarter April to June 2016

MSME Advances improved by 2.09% on Y-O-Y basis and stood Rs. 13,945 cr as of June 2016.

Micro Units Credit Target set by Central Govt. under PMMY for 2016 - 17

Target for FY 2016-17
Government of India has set a target of ` 1,80,000 crore for FY 2016-17 to SBI & Associates, Public Sector Banks, Private Sector Banks, Foreign Banks, Regional Rural Banks, NBFC-MFIs and Non-NBFC MFIs as per the details given below:
Sr. No.     Type of the institution                  Target Amount
                                                                       in ` crore
1         Public Sector Banks                               77,700
2         Private Sector Banks & Foreign Banks 21,000
3         Regional Rural Banks                            15,000
4         NBFC – MFIs                                        64,240
5         Non – NBFC MFIs                                   2,060
           Total                                                     1,80,000

Performance of  Mudra (SIDBI) Bank for the year 2015-2016

Micro Units Development & Refinance Agency Limited (MUDRA) and Pradhan Mantri MUDRA Yojana (PMMY) were launched on 08 April 2015 by the Hon’ble Prime Minister, Shri Narendra Modi. The guidelines of PMMY issued by Department of Financial Services (DFS), GOI indicated that all banks are required to lend to micro enterprises engaged in manufacturing, processing, trading and service sector activities, for a loan upto ` 10 lakh. Further, it was also advised that the loan may be given in three categories, i.e. Loan upto ` 50,000 under Shishu; ` 50,000 to ` 5 lakh under Kishor;
and ` 5 lakh to ` 10 lakh under Tarun. Also, it was envisaged that more focus will have to be given for the Shishu category. A target of ` 1,22,188 crore was set for F.Y. 2015-16.

 MUDRA was asked to the progress of PMMY.

In order to give a boost to the lending under PMMY, especially for Shishu category loans, a credit campaign was carried out from 1st September 2015 to 2nd October 2015. The campaign culminated in mega credit camps in different locations in the country from 25th September 2015 to 02nd October 2015.

Review of performance of PMMY during 2015-16

The data collected through portal has been analyzed and some of the salient features are as under:

1. Overall Achievement vis a vis target
The overall performance of the Yojana indicates that the target has been achieved during the year. As against the target of ` 122188 crore, the Banks and MFIs together have disbursed ` 132954.73 crore, thereby achieving 109%. The achievements by Public Sector Banks indicate a substantial credit growth in this segment. Based on the data collected from the PSBs, it was seen that the disbursement by these banks in this segment was around ` 33,000 crore during the 2014-15 which has recorded
a growth of 70% during 2015-16. The other lending institutions have also achieved high credit growth in this segment due to the initiative of Pradhan Mantri MUDRA Yojana.

Performance – Banks and MFIs Together (No. of accounts)
Category    Total

Shishu  3,24,01,046
Kishor     20,69,461
Tarun        4,10,417

Total    3,48,80,924

Performance – Banks & MFIs (Amount Disbursed)
         Amt in ` Cr
Category  Total

Shishu  62027.69
Kishor  41073.28
Tarun   29853.76

Total  132954.7

Average Amount
Disbursed/ Account Rs. 38,000

Financing for New entrepreneurs
MUDRA loan is meant for ‘funding the unfunded’. It is available for both new units and expansion of existing units. The data of new entrepreneurs supported under PMMY, indicate that out of 3.49 crore accounts financed during the year, 1.25 crore accounts were for new entrepreneurs, which work out to 36%.

Target for FY 2016-17
Government of India has set a target of ` 1,80,000 crore for FY 2016-17 to SBI & Associates, Public Sector Banks, Private Sector Banks, Foreign Banks, Regional Rural Banks, NBFC-MFIs and Non-NBFC MFIs as per the details given below:
Sr. No.     Type of the institution                  Target Amount
                                                                       in ` crore
1         Public Sector Banks                               77,700
2         Private Sector Banks & Foreign Banks 21,000
3         Regional Rural Banks                            15,000
4         NBFC – MFIs                                        64,240
5         Non – NBFC MFIs                                   2,060
           Total                                                     1,80,000

From the information given in this report, we can say that institutional finance reached a larger percentage of msmes now. 7,01,74,668 msmes exist now (new small and medium enterprises are not included). 3,48,80,924 msmes got finance under Mudra scheme. Thus almost 50% were covered by institutional finance now. When Mudra scheme was announced it was said that only 4% received institutional finance.



MUDRA Mission

"To create an inclusive, sustainable and value based entrepreneurial culture, in collaboration with our partner institutions in achieving economic success and financial security."

MUDRA Vision

"To be an integrated financial and support services provider par excellence benchmarked with global best practices and standards for the bottom of the pyramid universe for their comprehensive economic and social development."

Renaming of MUDRA Bank 

The Union Cabinet has approved the conversion of MUDRA Ltd into MUDRA (SIDBI) Bank as, a wholly owned subsidiary of SIDBI to carry out the following functions:

i) Refinance operations,

ii) Support services with focus on portal management, data analysis etc,

iii) Any activity entrusted/advised by Government of India

MUDRA Ltd, has been functional since April 8, 2015. It has written to Reserve Bank of India for conveying concurrence for the conversion of the Company to MUDRA (SIDBI) Bank Ltd.

This was stated by Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.

25 Jan 2016
Modi Sarkar’s Mudra Bank Appears To Be Doing Well. Here’s How It Is Helping Small Businesses.

06-January-2016 14:28 IST
Cabinet approves creation of a Credit Guarantee Fund for MUDRA loans – A boost to refinance operations

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has given its approval for the creation of a Credit Guarantee Fund for Micro  Units  Development  Refinance  Agency  (MUDRA)  loans and to convert MUDRA Ltd. into MUDRA Small  Industries  Development  Bank  of  India (SIDBI)  Bank as a wholly owned subsidiary of SIDBI.

The Fund is expected to guarantee more than Rs 1,00,000 crore worth of loans to micro and small units in the first instance.

The salient features of the scheme are as follows:

(i)                 Establishment of Credit  Guarantee  Fund  for MUDRA Units(CGFMU) for  guaranteeing  loans  sanctioned  under Pradhan Mantri Mudra Yojana with effect from 8th April, 2015 with  the  objective  to  reduce  the  credit  risk  to  Banks  /  NBFCs  /  MFIs  /  other  financial  intermediaries,  who  are  Member Lending Institutions (MLIs).
(ii)               The National Credit Guarantee Trustee Company Ltd. (NCGTC Ltd.),  a  wholly-owned  company  of  Government  of  India,  constituted  under  the  Companies  Act,  1956  (2013)  to  manage  and  operate  various  credit  guarantee  funds,  shall  be  the  Trustee  of  the  Fund.
(iii)             The  guarantee  would  be  provided  on  portfolio  basis  to  a  maximum  extent of  50%  of  Amount  in  Default  in  the  portfolio.

The MUDRA (SIDBI) Bank will undertake refinance operations and provide support services with focus on portal management; data analysis etc. apart from any other activity entrusted/ advised by Government of India.


            MUDRA  Bank and  a Credit  Guarantee  Fund was proposed to be set up with  a refinance corpus of Rs. 20,000  crore and a corpus of Rs.3,000  crore respectively as per the Budget  Speech for 2015-16.  As a  precursor  to  the  launch  of  the  Pradhan  Mantri  MUDRA  Yojana  (PMMY) in April, 2015, MUDRA Ltd.  was set up as a corporate subsidiary  of SIDBI  in March, 2015. The RBI has allocated Rs 20,000 crore and the first tranche’ of Rs 5000 crore has been received by MUDRA as refinance.

8 April 2015

PM launched Pradhan Mantri MUDRA Yojana

PM: The biggest capital of the poor is their integrity

PM: Combination of integrity with MUDRA – capital - will be the key to success for small entrepreneurs. पूंजी सफलता की कुंजी

The Prime Minister, Shri Narendra Modi, today said that supporting the small entrepreneurs of India is the biggest way to help the Indian economy grow and prosper. He was speaking at the launch of the Pradhan Mantri MUDRA (Micro Units Development and Refinance Agency) Yojana in New Delhi. Stressing the contribution of small entrepreneurs in the economy, the Prime Minister expressed confidence that within a year’s time, the major banks would also adopt the MUDRA model.

The Prime Minister said that in our country, one often experiences that things revolve around mere perceptions, while the details often paint a different picture. Giving the example of the perception that large industries create more employment, he said that a look at the details reveals the reality that only 1 crore 25 lakh people find employment in large industries, whereas small enterprises employ 12 crore people in the country.

The Prime Minister said that while there are a number of facilities provided for the large industries in India, there is a need to focus on these 5 crore 75 lakh self-employed people who use funds of Rs 11 lakh crore, with an average per unit debt of merely Rs 17,000 to employ 12 crore Indians. He said that these facts, when brought to light, led to the vision for MUDRA Bank.

The Prime Minister spoke about his time as the Chief Minister of Gujarat, when he focused on the environment-friendly cottage industry of kite making, which employs lakhs of poor Muslims. He said that he brought a research institute from Chennai on board which discovered that small inputs of skill development were needed in the industry. He said that he felt proud that these small efforts helped the kite-making industry grow from Rs. 35 crore to 500 crores in Gujarat.

The Prime Minister also gave examples of other small businesses that, with a little help, have the potential to grow manifold. He said that the biggest asset of the poor is his / her integrity (imaan). By combining their integrity with capital (MUDRA), it would become the key to their success - पूंजी सफलता की कुंजी. Speaking about women’s self help groups in particular, the Prime Minister said that the kind of honesty and integrity showed by these loan takers is seldom seen in any other sector.

The Prime Minister appreciated the efforts made by the banking sector of India in making Jan Dhan Yojana a success. He said that he envisioned that within a year, banks would queue up to give loans to MUDRA applicants. The Prime Minister also congratulated SIDBI on the silver jubilee of its inception, and appreciated the work done by it in supporting India’s small scale industry in these 25 years.

The Prime Minister said that MUDRA scheme is aimed at “funding the unfunded”. He said that the small entrepreneurs of India are used to exploitation at the hands of money lenders so far, but MUDRA will instil a new confidence in them that the country is ready to support them in their efforts that are contributing so heavily to the task of nation building.

The Prime Minister also spoke about the possibilities of value addition in agriculture. He said that, we must aim at creating a whole network of farmers engaged in value addition at the community level. Brand building, advertising, marketing and financial support, when given to such small entrepreneurs will strengthen the foundation of the Indian economy, he said.

The Prime Minister said that this will not entail any big changes in the existing structures, just a little empathy, a little understanding and a little initiative. He urged the banks to study successful models of microfinance, tailored to the local requirements and cultural contexts, which will be enable us to help the poorest of the poor in a big way.

The Prime Minister said that mere launching of new schemes in not progress. Real success lies in real change on the ground, as was seen in the Jan Dhan Yojana and PAHAL, which had delivered concrete results within limited timeframes, he added. He said that the established financial systems will soon move to the MUDRA-model of functioning, i.e. to support entrepreneurs that give employment to a large number of people using least amount of funds.

The Union Minister of Finance, Shri Arun Jaitley, the Union Minister of State for Finance, Shri Jayant Sinha, and the Governor of Reserve Bank of India, Shri Raghuram Rajan, were present on the occasion.
8 April 2015

Mudra Bank was announced in the budget speech by Finance Minister Arun Jaitley.

The Union Finance Minister in his Budget Speech for 2015-16 announced formation of MUDRA Bank. He said “Madam Speaker, our government firmly believes that development has to generate inclusive growth. While large corporate and business entities have a role to play, this has to be complemented by informal sector enterprises which generate maximum employment. There are some 5.77 crore small business units, mostly individual proprietorship, which run small manufacturing, trading or service businesses. 62% of these are owned by SC/ST/OBC. These bottom of the pyramid, hard-working entrepreneurs find it difficult, if not impossible, to access formal systems of credit. I, therefore, propose to create a Micro Units Development Refinance Agency (MUDRA) Bank, with a corpus of `20,000 crore, and credit guarantee corpus of `3,000 crore. MUDRA Bank will refinance Micro-Finance Institutions through a Pradhan Mantri Mudra Yojana. In lending, priority will be given to SC/ST enterprises. These measures will greatly increase the confidence of young, educated or skilled workers who would now be able to aspire to become first generation entrepreneurs; existing small businesses, too, will be able to expand their activities. Just as we are banking the un-banked, we are also funding the un-funded.”

1 March 2015

Press Information Bureau
Government of India
Ministry of Finance
01-March-2015 20:17 IST

Micro Units Development and Refinance Agency (Mudra) Bank 

According to the NSSO survey of 2013, there are 5.77 crore small business units, mostly individual proprietorships, which run small manufacturing, trading or services activities. Most of these ‘own account enterprises’ are owned by people belonging to Scheduled Caste, Scheduled Tribe or Other Backward Classes. Only 4% of such units get institutional finance. Providing access to institutional finance to such micro/small business units would turn them into strong instrument of GDP growth and also employment.

Micro Finance is an economic development tool whose objective is to assist the poor to work their way out of poverty. It covers a range of services which include, in addition to the provision of credit, many other services such as savings, insurance, money transfers, counseling etc. The players in the Micro Finance sector can be qualified as falling into 3 main groups:- the SHG-Bank linkage model started by NABARD, the Non Banking Finance companies and the others including Trusts, Societies etc.

The government proposes to set up a Micro Units Development and Refinance Agency (MUDRA) Bank through a statutory enactment. This Bank would be responsible for regulating and refinancing all Micro-finance Institutions (MFI) which are in the business of lending to micro/small business entities engaged in manufacturing, trading and services activities. The Bank would partner with state level/regional level co-ordinators to provide finance to Last Mile Financer of small/micro business enterprises.

The MUDRA Bank would primarily be responsible for –

1)    Laying down policy guidelines for micro/small enterprise financing business

2)    Registration of MFI entities

3)    Regulation of MFI entities

4)    Accreditation /rating of MFI entities

5)    Laying down responsible financing practices to ward off indebtedness and ensure proper client protection principles and methods of recovery

6)    Development of standardised set of covenants governing last mile lending to micro/small enterprises

7)    Promoting right technology solutions for the last mile

8)    Formulating and running  a Credit Guarantee scheme for providing guarantees to the loans which are being extended to micro enterprises

9)    Creating  a good architecture of Last Mile Credit Delivery to micro businesses under the scheme of Pradhan Mantri Mudra Yojana

A sum of Rs 20,000 crores would be allocated to the  MUDRA Bank from the money available from shortfalls of Priority Sector Lending for creating a Refinance Fund to provide refinance to the Last Mile Financers. Another Rs 3,000 crore would be provided to the MUDRA Bank from the budget to create a Credit Guarantee corpus for guaranteeing loans being provided to the micro enterprises.

The above measures would not only help in increasing access of finance to the unbanked but also bring down the cost of finance from the last Mile Financers to the micro/small enterprises, most of which are in the informal sector.

11 things you must know about Mudra Bank

Updated  14 August 2017,  22 July 2017,   8 Sep 2016, 18 August 2016,  9 August 2016,  3 Feb 2016,  11 April 2015

Saturday, August 5, 2017

Smart Factories in India - Consultants, Solution Vendors

Institute for Smart Structures and Systems (ISSS)

Institute for Smart Structures and Systems (ISSS) was founded in the year 1999 to promote the Smart Technology in India. Dr. V.K Aatre, the former Scientific Advisor to Defence Minister (Raksha Mantri), Government of India, as its founder president.

Newsletter on Smart Materials, Structures and Systems - MEMS

Smart factories are the new reality of manufacturing

A smart factory is making progress at the Indian Institute of Science's (IISc) Centre for Product Design and Manufacturing (CPDM) with a seed funding from The Boeing Company. So India has a smart factory to facilitate research and development.

Updated 6 August 2017, 13 July 2017

Wednesday, August 2, 2017

Vegetables and Fruits - Supply Chain Management Consultants, Participants and Issues in India

Fruit and Vegetables Processing Cluster - Pune

VegFru -  India's largest Fruits & Vegetables trading Website

Make in India - Food Processing Industry

Draft National Food Processing Policy

Fruit and Vegetable Processing Unit - Project Report - Business Plan - Small scale industry

Technical manual on small-scale processing of fruits and vegetables - FAO

Norteastern Regional Agricultural Marketing Corporation Limited

Re-inventing ‘Farm to Fork’ Supply Chain: Need of the hour
Media Release – 14 May 2013

In India, vegetables are mostly grown and  consumed regionally. Fruits are grown in specific regions e.g. apples grown in the Himalayas, grapes in Maharashtra etc. and have to be distributed across regions. Lack of proper post-harvest management leads to loss of the fruits estimated up to 40 percent. The horticultural produce has to be transported over significant distances and climactic regions,  cold chain facilities are essential to develop an effective and balanced supply chain that minimizes wastage and provides fruits over the entire year in a balanced way and thus stabilizes prices.

Make in India - Food Processing Industry

Draft National Food Processing Policy

March 2016
17 March
Make in India in Food Processing Sector
Dr. Prabodh Halde
Head Regulatory, Marico
Article Link

India annually produces 205 million tonnes of fruits and vegetables. The processing percentage is  only 4.6%. while  the USA (65%), China (23%) and Philippines (78%) process lot more. About 35% of the fruits and vegetables are wasted annually due to poor storage facilities, amounting to a revenue loss of Rs 500 billion. , 80% of the vegetables rot due to lack of processing facilities, resulting in a revenue loss of Rs 125 billion.

The above statement points out to need for additional storage facilities and processing facilities in India.

Food Processing
Sector Details - 2011 - 12

The food processing sector comprises of three segments based on the levels of processing
 Primary processing of food
Primary processing of food comprises of sorting, grading and packaging of fruits and vegetables, milk, rice, spices, etc.

 Secondary Processing of Food
Secondary processing of food comprises of re-shaping of food for ease of consumption. It includes flour, oil cakes, tea leaf and beverages powder etc. Together with primary processing, the two segments constitute around 62% of the processed foods in value terms.

 Tertiary Processing of Food (or) Value Added Food Segment
Value added food segment includes processed fruits and vegetables, juices, jam & jelly etc and holds around 38 % share in the total processed food market.

The Indian food processing industry is valued at approx. ` 78,094 crore for the year 2011-
12. The industry is still in its nascent stage and contributes only 1.49% to the total Gross
Domestic Product (GDP) of the economy. It has been accorded the status of priority
sector by the Government of India. The industry has shown  Compounded
Annual Growth Rate (CAGR) of 8.4% during the period 2006-07 to 2011-12.

The industry employed more than 1.3 crore workers directly and about 3.5 crore indirectly in 2008-09.

Updated 3 August 2017,  17 Mar 2016, 12 Mar 2016.

Tuesday, August 1, 2017

Goods and Service Tax - Latest News

3 August

PwC’s GST Compliance Solution

4 July

GST - Composition Scheme - Rules

With The Roll-Out of GST, Check Posts Get Abolished Across 22 States in India 

The Goods and Services Tax (GST) was rolled out on 1st of July 2017. With the roll-out of the GST, 22 States in India have abolished their check posts.

GST may help Indian economy save up to Rs 2300 crore at check posts 

A 2005 World Bank report estimates the checkpost waiting or delays costed the economy where between Rs 9 billion and Rs 23 billion (Rs 900 crore- Rs 2300 crore) a year.

Cars' taxation has come down in GST and Companies are Passing on the benefits

Under the GST rates, for cars, the is 28 percent with a cess in the range of 1 to 15 percent on top of it.

Small petrol cars with engine less than 1,200 cc will attract 1 percent cess.
Diesel cars and petrol cars with  less than 1,500 cc will attract 3 percent cess.
Large cars with engine greater than 1,500 cc and SUVs with length more than 4 metres and engine greater than 1,500 cc will attract cess of 15 percent.
Tax on electric vehicles has been kept at 12 percent.

Earlier, the tax incidence on cars ranged between 28 percent and 45 percent. Under GST, the range is 29 to 43%.

3 July

According two ministry reports, 2.23 lakh new dealers have entered the Goods and Service Tax Network System Since June 25, 2017.

32,000 dealers were granted registrations.
63,000 applicants have submitted full details.

The Confederation of All India Traders (CAIT) said business activities are by and large normal.

Now tax experts are awaiting sectoral guidance.

Industry and business are waiting for the first set of filings and feedback to give their final OK for the implementation of the GST system.

Updated 3 August 2017, 6 July 2017