Question
How much percentage of the capital of MUDRA is
contributed by SIDBI?Solution
The Micro Units Development and Refinance Agency (MUDRA) is entirely funded by the Small Industries Development Bank of India (SIDBI), which contributes 100% of its capital. MUDRA was established to provide financial support to micro and small enterprises under the Pradhan Mantri MUDRA Yojana (PMMY). Key Points: 1. MUDRA supports small businesses by offering refinance services. 2. PMMY has three categories: Shishu, Kishor, and Tarun, based on loan amount. 3. Aims to promote entrepreneurship and self-employment. 4. SIDBI plays a crucial role in facilitating credit to MSMEs. 5. MUDRA loans are collateral-free, ensuring accessibility for small borrowers. Bee Facts: • 75% (a): Incorrect; SIDBI provides full funding. • 50% (b): Incorrect; not applicable to MUDRA. • 100% (c): Correct; SIDBI is the sole contributor. • 80% (d): Incorrect; not a valid figure.
A document given to an applicant for life insurance stating that the company’s acceptance is contingent upon determination of the applicant’s insura...
Which of the following is a public sector general insurance company in India?Â
What does IRDA mandate for surveyors handling losses above INR 20,000?
The Insurance Act was first introduced in India in:
Which of the following company is not a foreign insurance company?
Which of the following insurance is mainly used for leased cars?
The principle of utmost good faith requires:
A policy that covers the risk of theft of goods from a shop is:
The PradhanMantriVayaVandanaYojana (PMVVY) has been launched by?
Which of the following term is used when the loss is caused by two or more causes acting simultaneously or one after the other?