Dena Bank, MUDRA Bank ink pact

Government-owned Dena Bank and MUDRA Bank signed a general refinance agreement to finance new entrepreneurs and small businesses. To promote very small businesses, the Centre aims to facilitate credit of up to ₹1 lakh crore under the MUDRA (Micro Units Development and Refinance Agency) scheme during the current financial year. Dena Bank Chairman and MD Ashwani Kumar said the bank has already sensitised its field functionaries towards extending finance under the scheme.