‘Loan Origination System’ in the MUDRA Yojana

Q.  What is ‘Loan Origination System’ in the MUDRA Yojana?
- Published on 28 Jun 16

a. It is system to take loans for paying previous loans and debts.
b. It is for finding the right lender for the borrower’s needs
c. It is for monitoring loans which are given out
d. None of the above

ANSWER: It is for monitoring loans which are given out
 
  • Under Prime Minister’s MUDRA Yojana, ‘Loan Origination System’ has been introduced under which credit history of beneficiaries would be tracked to help them develop further by extending all necessary support.
  • The system is for proper monitoring of the loans given out under the MUDRA Yojana.
  • Further, a portal and mobile app for a loan origination system is in the pipeline to monitor the entire process and time taken for dispersal of the loan.

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲