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Question

Consider the following statement (s) is/are related to the MUDRA Yojna.

I. It has been initially formed as a wholly owned subsidiary of Small Industries Development bank of India (SIDBI) with 100% capital being contributed by it.

II. According to this joyna, loan is issued through Mudra credit card with a pre-assigned credit limit and the repayment tenure is as high as 7 years. Code:

A Only I
B Only II
C Both I and II
D Neither I nor II

Answer & Explanation

Answer: Both I and II

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