Correct option is C
The correct answer is: (C). Micro Units Development and Refinance Agency
MUDRA (Micro Units Development and Refinance Agency) was set up by the Government of India in 2015 to provide financial support and promote the development of micro-enterprises. It aims to refinance micro-finance institutions (MFIs) that provide credit to small businesses and entrepreneurs. MUDRA offers financial products and services to help the growth of micro and small enterprises, particularly in sectors like agriculture, manufacturing, and services.
It offers loans through three categories:
- Shishu: Loans up to ₹50,000 for new businesses.
- Kishore: Loans between ₹50,001 and ₹5,00,000 for growing businesses.
- Tarun: Loans from ₹5,00,001 to ₹10,00,000 for more established businesses.
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