What does the letter 'M' stand for in the acronym of the MUDRA scheme? - General Knowledge and General Awareness MCQ SSC CPO 2024 2026 | ExamTest.live | ExamTest.live

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What does the letter 'M' stand for in the acronym of the MUDRA scheme?

A $Major$
B $Macro$
C $Micro$
D $Money$

Solution & Step-by-step Explanation

MUDRA stands for Micro Units Development & Refinance Agency . PM Mudra Yojana (PMMY) was launched by the Central Government in 2015 to provide formal credit and loans up to ₹ 10 lakh to non-corporate, non-farm small/micro enterprises. The loans are classified into three categories: Shishu, Kishor, and Tarun.

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What does the letter 'M' stand for in the acronym of the MUDRA scheme?

A

Major

B

Macro

C

Micro

D

Money

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