Mudra bank: Last mile financiers of MSEs - General Economics & Indian Economy

Q.  Consider the following statements

1. MUDRA Bank will be established through statutory enactment.
2. It will provide financial support to last mile financiers of micro and small business enterprises
3. INR 3000 crore will be provided to the MUDRA Bank from the Budget for the creation of a Credit Guarantee corpus for loan guarantee being provided to micro businesses.

Which of the above statements are correct?
- Published on 30 Apr 15

a. 1,3
b. 1,2
c. 2,3
d. All

ANSWER: All

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