What does 'M' stand for in the MUDRA yojana?
- AMoney
- BMajor
- CMacro
- DMicro
Solution & Step-by-step Explanation
MUDRA stands for Micro Units Development & Refinance Agency. The Pradhan Mantri MUDRA Yojana (PMMY) was launched by the government to provide formal credit and loans up to ₹ to non-corporate, non-farm small and micro-enterprises.