MUDRA is a financial institution set up by the Government of India for the development and refinancing of micro unit enterprises. The full form of MUDRA is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. Micro Units Development & Refinance Agency.
The full form of MUDRA is Micro Units Development and Refinance Agency. Established by the Government of India, MUDRA aims to provide financial support and refinancing to micro, small, and medium enterprises (MSMEs) that are involved in various sectors. The agency helps in promoting and developing micro-enterprises by offering loans and financial assistance, thereby fostering entrepreneurship and job creation in the informal sector and contributing to the overall economic growth.