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      Question

      MUDRA Bank is a public sector financial institution in

      India, it is a subsidiary of ____________ .
      A RBI Correct Answer Incorrect Answer
      B SBI Correct Answer Incorrect Answer
      C SIDBI Correct Answer Incorrect Answer
      D NITI Aayog Correct Answer Incorrect Answer
      E SEBI Correct Answer Incorrect Answer

      Solution

      MUDRA has been initially formed as a wholly owned subsidiary of Small Industries Development bank of India (SIDBI) with 100% capital being contributed by it. Presently, the authorized capital of MUDRA is 1000 crores and paid up capital is 750 crore, fully subscribed by SIDBI.

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