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Question

Which of the following was founded to provide short-term loans to small-scale entrepreneurs and microfinance institutions?

A
NABARD
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B
Bharatiya Mahila Bank
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C
MUDRA Bank
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D
EXIM
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Solution

The correct option is C MUDRA Bank
MUDRA stands for Micro Units Development and Refinance Agency. Its primary function is to provide short-term loans to small-scale entrepreneurs and microfinance institutions in India. It was launched in 2015.

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