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Question : In MUDRA Yojana, what does 'M' stand for?

Option 1: Macro

Option 2: Money

Option 3: Micro

Option 4: Multi


Team Careers360 8th Jan, 2024
Answer (1)
Team Careers360 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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