Question
MUDRA Bank, a Non-Banking Finance Company as MUDRA Ltd
has been set up as a subsidiary of which of the following institution?Solution
MUDRA Bank, a Non-Banking Finance Company as MUDRA Ltd has been set up as a subsidiary of SIDBI. The purpose of MUDRA is to provide funding to the non-corporate small business sector through various Last Mile Financial Institutions like Banks, NBFCs and MFIs.
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