MUDRA Bank launched on 8thApril 2015 by PM Modi
Q. Name the Bank that was launched by PM Narendra Modi on 8th Apr’15 with a corpus of Rs. 20,000 Crore and credit guarantee corpus of Rs. 3,000 Crore?- Published on 31 Jul 15a. Awasiya Bank
b. Jand Dhan Bank
c. Federal Bank of India
d. MUDRA Bank
ANSWER: MUDRA Bank
MUDRA is abbreviated as Micro Units Development and Refinance Agency Ltd. It will be set up through a statutory enactment, and be responsible for developing and refinancing all Micro-finance Institutions which are in the business of lending to micro and small business entities. MUDRA will also partner with state and regional level coordinators to provide finance to Last Mile Financiers of small and micro business enterprises. Around 5.77 crore small business units will be provided access to institutional finance through MUDRA Bank.
