MUDRA Bank to start off under SIDBI

Q.  The MUDRA Bank will initially come under
- Published on 19 Jan 16

a. NABARD
b. SIDBI
c. HUDCO
d. CIDCO

ANSWER: SIDBI
 
Micro Units Development Refinance Agency (MUDRA) Bank will be set up soon, first as a wholly owned subsidiary of Small Industries Development Bank of India (SIDBI), and then as a bank through an act of Parliament. The two credit guarantee funds setup will cater to loans disbursed under the Mudra Yojana and the Stand-Up India scheme, to support women entrepreneurs and those from backward classes. It will undertake refinancing operations.

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