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Pe coice question which of the following is not true for mudra ltd. ? options it is refinance bank it provides loan facility to micro and small units it prepare
pe coice Question Which of the following is not true for MUDRA Ltd. ? Options It is Refinance Bank It provides loan facility to micro and small units It prepares the policy guidelines and registration and regulate Micro Finance Institutions 3 Mudra does not provide a card
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Ayushi
But according to your reply it is true that MUDRA provide Card
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Ayushi
question is that which is NOT TRUE for MUDRA Ltd
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Nidhi taparia
Option (4) is the correct answer. MUDRA or Micro Units Development and Refinance Agency does provide cards. MUDRA Card provides working capital facility as a cash credit arrangement. MUDRA card is a debit card issued against the MUDRA loan account for working capital portion of the loan. The borrower can make use of MUDRA card in multiple withdrawal and credit facilities, so as to manage the working capital limit efficiently and keep the interest burden minimum.
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Please tell according to the question. which one is NOT TRUE
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Nidhi taparia Best Answer
Yes. MUDRA does provide a card. That's why option (4) that says MUDRA "doesn't provide" a card is "not true". I hope it's clear now?