Practicing Success
Which of the following is the correct full form of "MUDRA"? |
Macro Units Development and Refinance Agency Medium Units Development and Refinance Agency Micro Units Development and Refinance Agency Multi Units Development and Refinance Agency |
Micro Units Development and Refinance Agency |
"MUDRA" stands for "Micro Units Development and Refinance Agency". It is a public sector financial institution in India that provides loans at low rates to micro-finance institutions and non-banking financial institutions which then provide credit to MSMEs. It was launched by Prime Minister Narendra Modi on 8 April 2015.
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