BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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MUDRA stands for
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Micro Units Development & Refinance Agent
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Medium Units Development & Refinance Association
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Micro Units Department & Refinance Agency
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Micro Units Development & Refinance Agency
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Explanation:
Detailed explanation-1: -MUDRA, which stands for Micro Units Development & Refinance Agency Ltd., is a financial institution set up by Government of India for development and refinancing of micro units enterprises.
Detailed explanation-2: -MUDRA Loan Scheme will aim to increase the confidence of the aspiring young person to become first generation entrepreneurs as also of existing small businesses to expand their activities.
Detailed explanation-3: -The Genesis of MUDRA MUDRA was launched by the Hon’ble Prime Minister Shri Narendra Modi on 08 April 2015 at a function held at Vigyan Bhawan, New Delhi. 2015-16
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