the size of credit guarantee fund in mudra
Micro Units Development and Refinance Agency Bank The bank will have an initial capital of ₹200 billion (US$3.1 billion) and a credit guarantee fund of ₹30 billion (US$470 million).[5] The bank will initially function as a non-banking financial company and a subsidiary of the Small Industries Development Bank of India (SIDBI). Later, it will be made into a separate company.[1] However, it will not regulate Micro Finance institutions.