Question : In MUDRA Yojana, what does 'M' stand for?
Option 1: Macro
Option 2: Money
Option 3: Micro
Option 4: Multi
Answer (1)
13th Jan, 2024
Correct Answer: Micro
Solution : The correct answer is Micro .
The full form of the MUDRA Yojana is the Micro Unit Development and Refinance Agency. It was started in 2015 and intends to provide small businesses with financing of up to Rs 10 lakh and to act as a regulator for microfinance institutions (MFIs).
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