What is MUDRA?

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Question

What is MUDRA?

Options:

A . Scheme for Agricultural Insurance

B . Development and Refinance Agency

C . New Planet Discovered

D . Development and Regulatory Authority for Urban Township

Answer: Option B
Answer: (b)
MUDRA (Micro Units Development and Refinance Agency) is a public sector financial institution that 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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