Q. With reference to the funding support from Micro Units Development and Refinance Agency Ltd. (MUDRA), consider the following statements:

Which of the statements given above is/are correct?

1 only

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2 only

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Both 1 and 2

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Neither 1 nor 2

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Solution

The correct option is A 1 only
Explanation:

Statement 1 is correct: Any Indian Citizen who is involved in income-generating activities such as manufacturing, processing, trading, or service sector and whose credit need is less than 10 lakh can approach.

Statement 2 is incorrect: The funding supports from MUDRA are of two types:

Micro Credit Scheme (MCS) for loans up to 1 lakh financed through MFIs.

Refinance Scheme for Commercial Banks / Regional Rural Banks (RRBs) / Small Finance Banks / Non-Banking Financial Companies (NBFCs).

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Q. With reference to the funding support from Micro Units Development and Refinance Agency Ltd. (MUDRA), consider the following statements: Which of the statements given above is/are correct?

Q. With reference to the funding support from Micro Units Development and Refinance Agency Ltd. (MUDRA), consider the following statements:

Which of the statements given above is/are correct?