Multiple Choice Questions on Consider the following statement about MUDRA Yojna is are correct 1 It is implemented by the SIDBI 2........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Consider the following statement about MUDRA Yojna is are correct 1 It is implemented by the SIDBI 2...........

Economic Affairs Small Scale Industries
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    Consider the following statement about MUDRA Yojna is/are correct?

    1. It is implemented by the SIDBI.

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

    Code

    1 only

    Correct Answer

    2 only

    Incorrect Answer

    Both 1 and 2

    Incorrect Answer

    Neither 1 nor 2

    Incorrect Answer
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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. It was announced by the Hon’ble Finance Minister while presenting the Union Budget for FY 2016. The purpose of MUDRA is to provide funding to the non-corporate small business sector through various Last Mile Financial Institutions like Banks, NBFCs and MFIs.

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    Siddharth Jena

    Very much wrong sir, mudra is implemented by mudra bank, mudra bank is subsidiary of sidbi....it is not implemented by sidbi but by mudra itself, loans are rembursed by various banks involved. Please reduce mistakes sir.

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