Question

    MUDRA Bank, a Non-Banking Finance Company as MUDRA Ltd has been set up as a subsidiary of which of the following institution?

    A SIDBI Correct Answer Incorrect Answer
    B NHB Correct Answer Incorrect Answer
    C RBI Correct Answer Incorrect Answer
    D NABARD Correct Answer Incorrect Answer
    E SBI Correct Answer Incorrect Answer

    Solution

    MUDRA Bank, a Non-Banking Finance Company as MUDRA Ltd has been set up as a subsidiary of SIDBI. The purpose of MUDRA is to provide funding to the non-corporate small business sector through various Last Mile Financial Institutions like Banks, NBFCs and MFIs.

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