Consider the following statement about MUDRA Yojna is are incorrect 1 It is implemented by the SIDBI...........

Economic Affairs Small Scale Industries

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Consider the following statement about MUDRA Yojna is/are incorrect?

(1) It is implemented by the SIDBI.

(2) Women, dalits and backward class are given priority.

Choose the correct code

1 only

2 only

Both 1 and 2

Neither 1 and 2

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Explanation:

•MUDRA, which stands for Micro Units Development & Refinance Agency Ltd, is a financial institution beingset up by Government of India for development and refinancing micro units enterprises.
•MUDRA would be responsible for refinancing all Last Mile Financiers such as Non-Banking Finance Companies, Societies, Trusts, Section 8 Companies [formerly Section 25], Co-operative Societies, Small Banks, Scheduled Commercial Banks and Regional Rural Banks which are in the business of lending to micro/small business entities engaged in manufacturing, trading and services activities. MUDRA would also partner with State/Regional level financial intermediaries to provide finance to Last Mile Financier of small/micro business enterprises.