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    Question

    In MUDRA Bank, what does MUDRA stands for -

    A Market Unit Development Risk Association Correct Answer Incorrect Answer
    B Multi-Sector Urban Development Refinance Authority Correct Answer Incorrect Answer
    C Maximum Unit Department of Refinance and Allocation Correct Answer Incorrect Answer
    D Money Under Development and Risk Authority Correct Answer Incorrect Answer
    E Micro Units Development and Refinance Agency Correct Answer Incorrect Answer

    Solution

    Micro Units Development and Refinance Agency Bank (or MUDRA Bank) is a public sector financial institution in India. It provides loans at low rates to micro-finance institutions and non-banking financial institutions which then provide credit to MSMEs. It was launched by Prime Minister Narendra Modi on 8 April 2015.

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