<P> 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 ) . 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 . However , it will not regulate Micro Finance institutions . </P>
<P> 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 ) . 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 . However , it will not regulate Micro Finance institutions . </P>
the size of credit guarantee fund in mudra
the size of credit guarantee fund in mudra
₹ 30 billion ( US $470 million
₹ 30 billion ( US $470 million