What are the roles, responsibilities and offerings of MUDRA? How MUDRA function?

Roles, Responsibilities and Offerings of MUDRA: MUDRA would be responsible for refinancing all Last Mile Financiers such as Non-Banking Finance Companies, Micro Finance Institutions, Societies, Trusts, Section 8 Companies (formerly Section 25), Small Finance Banks and Regional Rural Banks which are in the business of lending to micro/small business entities engaged in manufacturing, trading and services activities as well as Agriculture, Allied activities. MUDRA would also partner with State/Regional level financial intermediaries to provide finance to Last Mile Financier of small/micro business enterprises. Under the aegis of Pradhan Mantri MUDRA Yojana (PMMY), MUDRA has already created its initial products/schemes. The interventions have been named 'Shishu', 'Kishor' and 'Tarun' to signify the stage of growth/development and funding needs of the beneficiary micro unit/entrepreneur and also to provide a reference point for the next phase of graduation/growth to look forward to. The financial limit for these schemes is: Shishu: Covering loans upto ₹50,000. Kishor: Covering loans above ₹50,000 and up to ₹5 lakhs. Tarun: Covering loans above ₹5 lakhs and ₹10 lakhs. As per budget 2019-20 provision has been made for loan up to ₹1 lakh to one woman per SHG. How MUDRA functions: MUDRA's delivery channel is conceived to be through the route of refinance primarily to Banks/NBFCs/MFIs. At the same time, there is a need to develop and expand the delivery channel at the ground level. In this context, there is already in existence, a large number of 'Last Mile Financiers' in the form of companies, trusts, societies, associations and other networks which are providing informal finance to small businesses.