Consider the following statements about MUDRA Scheme:
(A) It is special fund to finance small and medium enterprises
(B) It does not finance Companies
(C) Co-operative societies are eligible to avail MUDRA re-finance
(D) The maximum loan amount is Rs. 1 Crore
Choose the correct answer from the options given below:
Consider the following statements about MUDRA Scheme:
(A) It is special fund to finance small and medium enterprises
(B) It does not finance Companies
(C) Co-operative societies are eligible to avail MUDRA re-finance
(D) The maximum loan amount is Rs. 1 Crore
Choose the correct answer from the options given below:
Solution
MUDRA (Micro Units Development & Refinance Agency) refinances loans to non-corporate, non-farm micro/small enterprises, so it does not finance companies (B is correct), and eligible refinancing institutions include cooperative banks/societies (C is correct).
However, MUDRA targets micro enterprises (not 'small and medium enterprises' as stated in A), and the maximum loan amount under MUDRA (Shishu/Kishor/Tarun) is far below Rs. 1 Crore, so A and D are incorrect.
Related questions:
2026: 20 May Shift 2
2026: 19 May Shift 2