Mudra Director Recruitment
Official recruitment notice issued by Mudra for the post of Director. Review verified pay structure, eligibility, vacancies, and application guidelines.
Key Recruitment Specifications
Category-Wise Vacancy Reservation
| UR | Total |
|---|---|
| 1 | 1 |
Essential Educational Qualification
B.Tech / B.E (Engineering), MBBS / Medical Degree. Candidates must ensure all certificates are verified prior to the cutoff date.
Selection Methodology
1. Screening / Shortlisting of Applications, 2. Academic / Research Performance Evaluation, 3. Personal Interview & Document Verification.
Frequently Asked Questions
| Procurement Scope | Est. Value | EMD Amount | Closing Date |
|---|---|---|---|
| Tender Notice - Mudra (Tender: General Govern | Refer Tender Notic | 2% Statutory EMD | Refer RFP Sched |
| Tender Notice - Mudra (Tender: General Govern | Refer Tender Notic | 2% Statutory EMD | Refer RFP Sched |
Application Procedure & Document Submission Roadmap
Navigate to the official MUDRA or SIDBI recruitment portal, locate the Director vacancy notification, and complete the One-Time Registration (OTR) by providing basic personal and contact details.
Log in with generated credentials to fill out the detailed application form, specifying educational qualifications, extensive banking/financial sector experience, and preferred interview locations.
Upload scanned copies of essential documents including matriculation certificate, degree certificates, detailed resume, experience certificates, and category certificates in the prescribed PDF/JPEG format.
Pay the non-refundable application fee online via integrated payment gateways using credit card, debit card, net banking, or UPI, and download the payment receipt.
Submit the finalized application form, print the system-generated confirmation page for future reference, and await the release of the call letter for the selection process.
Comprehensive Selection Process & Syllabus Framework
The candidate evaluation matrix for Mudra Director Recruitment is governed by standardized testing protocols designed to assess core competency, analytical reasoning, and specialized domain knowledge.
| Selection Phase / Exam Paper | Weightage & Duration | Core Syllabus Scope & Evaluation Focus |
|---|---|---|
| Stage 1: Shortlisting and Preliminary Screening | Based on Profile Eligibility | Evaluation of academic records, relevance of post-qualification executive experience in MSME/Refinance sector, and leadership credentials. |
| Stage 2: Written/Psychometric Assessment | 100 Marks / 120 Minutes | Strategic Financial Management, MSME Lending Policies, Risk Management, Credit Appraisal, and Leadership/Behavioral Competency profiling. |
| Stage 3: Personal Interview & Board Presentation | 100 Marks / 45 Minutes | Presentation on Mudra's strategic growth, micro-finance challenges, regulatory compliance, RBI guidelines, and interactive panel evaluation. |
| Stage 4: Document Verification & Medical Examination | Qualifying | Verification of original academic and experience credentials, NOC from current employer, and comprehensive medical fitness assessment. |
7th Central Pay Commission (CPC) Compensation Structure
Mudra (Micro Units Development & Refinance Agency Ltd.), as a subsidiary of SIDBI, aligns its executive recruitment with high-level scales equivalent to Level 14 of the 7th CPC Pay Matrix. The entry Basic Pay is Rs. 1,44,200. With Dearness Allowance (DA) at 53% (Rs. 76,426), House Rent Allowance (HRA) for Class X cities at 30% (Rs. 43,260), and Transport Allowance (TA) of Rs. 7,200 plus DA on TA (Rs. 3,816), the Gross Monthly Salary accumulates to approximately Rs. 2,74,902. After statutory deductions including National Pension System (NPS) contribution (10% of Basic + DA, amounting to Rs. 22,063) and Professional Tax/Income Tax source deductions, the estimated net in-hand monthly salary stands at approximately Rs. 2,15,000 to Rs. 2,25,000, making it a highly lucrative top-tier executive position.
Statutory Reservation & Age Relaxation Guidelines
The recruitment strictly adheres to the Department of Personnel and Training (DoPT) OM guidelines of the Government of India. Age relaxations are granted as follows: 5 years for Scheduled Castes (SC) and Scheduled Tribes (ST), 3 years for Other Backward Classes (OBC-NCL), and 10 years for Persons with Benchmark Disabilities (PwBD). A 10% vertical reservation is allocated for the Economically Weaker Sections (EWS) category. Women candidates are exempted from the application fee payment in accordance with central welfare directives, ensuring equitable opportunities and representation across all administrative cadres.
Recruitment & Examination FAQs — Mudra Director Recruitment
Candidates must possess a minimum of 15 to 18 years of post-qualification experience in banking, financial institutions, or MSME lending, with at least 5 years in a senior management role.
Yes, selected candidates must execute a service indemnity bond of Rs. 3,00,000 or serve a minimum period of 3 years from the date of joining.
The selected candidate will be on probation for a period of one year, which may be extended by the Board based on performance evaluation.
The primary posting is at the Corporate Office in Mumbai, but the officer is liable to be transferred to any regional office across India.
The final merit list is prepared based on a weighted score combining the written/psychometric assessment (30% weightage) and the personal interview/presentation (70% weightage).
If the screening test is conducted in multiple shifts, multi-shift percentile equivalence normalization will be applied to ensure fairness across batches.