A) bringing the small entrepreneurs into formal financial system
B) providing loans to poor farmers for cultivating particular crops
C) providing pensions to old and destitute persons
D) funding the voluntary organizations involved in the promotion of skill development and employment generation
Correct Answer: A
Solution :
(i) Pradhan Mantri Mudra Yojana under the Micro Units Development and Refinance Agency (MUDRA) Bank is a new institution being set up by Government of India for development and refinancing activities relating to micro units. It was announced by the Finance Minister while presenting the Union Budget for FY 2016. The purpose of MUDRA is to provide funding to the non-corporate small business sector.
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