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      Question

      What does the тАЬRтАЭ stand for in MUDRA Yojana?

      A Reassurance Correct Answer Incorrect Answer
      B Renovate Correct Answer Incorrect Answer
      C Risk Correct Answer Incorrect Answer
      D Refinance Correct Answer Incorrect Answer
      E Revive Correct Answer Incorrect Answer

      Solution

      MUDRA Loan is offered under the Pradhan Mantri Mudra Yojana (PMMY). MUDRA stands for Micro-Units Development and Refinance Agency. Under this scheme, borrowers can avail business loans ranging from Rs.50,000 to Rs.10 lakh on the basis of the Sishu, Kishor, and Tarun categories.

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