Union Cabinet gives approval for Credit Guarantee Fund for MUDRA

Q.  Union Cabinet has provided the approval for the creation of CGFMU. What does it stand for?
- Published on 08 Jan 16

a. Credit Guarantee fund for MIDRA
b. Credit Guarantee fund for MADRA
c. Credit Guarantee Fund for MUDRA
d. None of the above

ANSWER: Credit Guarantee Fund for MUDRA
 
Union Cabinet gives approval for Credit Guarantee Fund for MUDRA (Micro Units Development Refinance Agency) loans and conversion of MUDRA Ltd into MUDRA SIDBI. Fund will generate more than 100,000 crore worth of loans to micro and small units within the first instance.

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.)
▲