Question

What corpus is allocated to set up MUDRA Bank?

A Rs. 500 Cr Correct Answer Incorrect Answer
B Rs. 1,000 Cr Correct Answer Incorrect Answer
C Rs. 5,000 Cr Correct Answer Incorrect Answer
D Rs.10,000 Cr Correct Answer Incorrect Answer
E Rs.20,000 Cr Correct Answer Incorrect Answer

Solution

Micro Units Development and Refinance Agency Bank (or MUDRA Bank) is a public sector financial institution. It was launched by PM Narendra Modi on 8 April 2015. It provides loans at low rates to micro-finance institutions and non-banking financial institutions which then provide credit to MSMEs. MUDRA has a corpus of Rs 20,000 crore, and credit guarantee corpus of Rs 3,000 crore.

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