In this paper study the objectives, features, achievements, eligibility, etc., of Micro Units Development & Refinance Agency Limited in India. It was registered as a Company in March 2015 under the Companies Act 2013 and as a Non-Banking Finance Institution with the RBI on 07 April 2015. MUDRA was launched by the Hon’ble Prime Minister Shri Narendra Modi on 08 April 2015. Mudra Bank is for ‘funding’ the ‘unfunded’. It is a loan scheme initiated by the Government of India too offers loan amount up to Rs. 10 lakh for individuals to start their new business or for existing businesses, without demanding any collateral or security. According to the latest Government data, the Pradhan Mantri Mudra Yojana (PMMY) has disbursed 93 percent of the loan amount sanctioned as of November 13, 2020, for the current financial year 2020-21.