MUDRA Bank has been proposed to regulate and refinance which sector?
MUDRA Bank has been proposed to regulate and refinance which sector?
[A]Infrastructure sector
[B]Micro-finance institutions
[C]Power companies
[D]Automobile sector
Micro-finance institutions
The government proposed to set up Micro Units Development and Refinance Agency (MUDRA) Bank with a capital of Rs 20,000 crore to regulate and refinance all micro-finance institutions. MUDRA Bank would be responsible for regulating and refinancing all Micro-finance Institutions (MFI) which are in the business of lending to micro/small business entities engaged in manufacturing, trading and services activities.