Karnataka bank has launched MUDRA Card which will benefit large number of micro entrepreneurs in the country. MUDRA Card is a debit card on RuPay platform, co-branded with MUDRA. The card will be issued to the Micro entrepreneurs, who avail working capital finance up to Rs 10.00 lakh under PMMY. The card has the flexibility of use in any ATMs or point of sale for purchase of merchandise.
The bank is actively participating under Pradhan Mantri Mudra Yojana (PMMY) and targeting a portfolio of Rs 615 crore of MUDRA loans for the current year.
