MUDRA Bank for refinancing all Micro-finance Institutions - Budget & Economic Survey

Q.  Which bank will be responsible for refinancing all Micro-finance Institutions which are in the business of lending to small entities of business?
- Published on 04 Aug 15

a. MUDRA Bank
b. Post Bank
c. NABARD
d. RBI

ANSWER: MUDRA Bank
 
Micro Units Development Refinance Agency (MUDRA) Bank to be created. In lending, priority will be given to SC/ST enterprises. Lending to such small entities of business through a Pradhan Mantri Mudra Yojana.

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