Shishu, Kishor and Tarun are the schemes of Micro Units Development and Refinance Agency (MUDRA) Bank. MUDRA Bank will provide financing on the following three stages: → Shishu: covering loans up to ₹50,000/ → Kishor: covering loans above ₹50,000/- and up to ₹5 lakhs → Tarun: covering loans above ₹5 lakhs and up to ₹10 lakhs Micro Units Development and Refinance Agency (MUDRA) Ltd. Bank was launched on April 8, 2015 as a subsidiary of SIDBI. MUDRA would be responsible for developing and refinancing through a Pradhan Mantri MUDRA Yojana to all Microfinance Institutions (MFIs) which are in the business of lending to micro/small business entities engaged in manufacturing, trading and service activities.