MUDRA scheme : Corpus & goals - General Economics & Indian Economy
Q. Consider the following statements about the MUDRA scheme
1. It has a corpus of Rs 20,000 crore, can lend between Rs 50,000 and Rs 10 lakh to small entrepreneurs.
2. In lending, priority will be given to SC / ST enterprises.
Which of the above statements is / are correct? - Published on 10 Jul 15a. Only 1
b. Only 2
c. Both
d. None
ANSWER: Both
The MUDRA scheme is aimed at "funding the unfunded".The scheme, which has a corpus of Rs 20,000 crore, can lend between Rs 50,000 and Rs 10 lakh to small entrepreneurs. MUDRA will be set up through a statutory enactment. It will be responsible for developing and refinancing all micro-finance institutions (MFIs) which are in the business of lending to micro and small business entities engaged in manufacturing, trading and service activities.
