New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following statement is incorrect about

    “Pradhan Mantri Mudra Yojana”?
    A It was launched by the government in 2015 for providing loans up to Rs. 10 lacks to the non-corporate, non-farm small/micro-enterprises. Correct Answer Incorrect Answer
    B MUDRA, which stands for Micro Units Development & Refinance Agency Ltd., is a financial institution set up by the Government. Correct Answer Incorrect Answer
    C It provides funding to the non-corporate small business sector through various last-mile financial institutions like Banks, Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs). Correct Answer Incorrect Answer
    D MUDRA lends directly to micro-entrepreneurs/individuals. Correct Answer Incorrect Answer

    Solution

    MUDRA does not lend directly to micro-entrepreneurs/individuals.

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