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.

Advertisement

Category: Banking Exams Material Section

This question "MUDRA Bank has been proposed to regulate and refinance which sector?" was published on GKToday on March 18, 2015 at 12:55 pm. For Current Affairs Questions Archive Click Here. For General Knowledge Questions Archive Click Here.

Comments