What is MUDRA?
(A) Development and Refinance Agency
(B) Scheme for Agricultural Insurance
(C) New Planet Discovered
(D) Development and Regulatory Authority for Urban Township
Correct Answer : Development and Refinance Agency
Question Asked : SSC CGL Tier-I (CBE) Exam 2016
Explanation : MUDRA (Micro Units Development and Refinance Agency) is a public sector finance 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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