In a bid to meet the credit requirements of micro and small entrepreneurs, Bank of Maharashtra has launched Mudra card. Issued as a Rupay debit card, the Mudra card is a flexible credit product that meets the working capital needs of micro and small entrepreneurs as cash can be withdrawn from any ATM or merchandise purchased using POS machine. The bank is offering Mudra loans at base rate and no processing charges are levied for loans up to Rs 5 lakh.
Recently, the bank unveiled a soil and water health card to help farmers increase soil productivity by appropriate use of fertilizers and to help them ascertain the nutrient status of their farm lands.
