Question :
Micro Units Development and Refinance Agency (MUDRA) Bank has been launched to help:
Option 1:
small business
Option 2:
marginal farmers
Option 3: poor women
Option 4: rural sector
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Correct Answer:
small business
Solution : The correct answer is s mall business .
MUDRA Bank was established to provide non-corporate, non-farm small and micro businesses simple collateral-free microcredit of up to Rs. 10 lakh for income-generating enterprises. The goal of MUDRA Bank is to bring financial inclusion to the unbanked and underbanked portions of the population. The bank intends to do this by making financing available to small and micro enterprises simply and inexpensively.
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