Which of the following functions are performed by the MUDRA Bank 1 Refinancing of scheduled banks wh...........

Economic Affairs Types of Banks and Banking

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Which of the following functions are performed by the MUDRA Bank?

1. Refinancing of scheduled banks which finance micro enterprises.

2. Encouraging women entrepreneurs.

3. Securitization of loan portfolio of banks.

4. Accreditation of micro finance institutions.

Select the correct answer using the code given below.

1 and 2 only

1, 3 and 4 only

2 and 3 only

1, 2, 3 and 4

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Explanation:

'Micro Units Development and Refinance Agency 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.