Which of the following is the first micro finance company to start operation as a commercial bank? (2024)

Q.

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4. Consider the following statements, regarding MUDRA Bank,

1] This Bank would be responsible for regulating and refinancing all Micro-finance Institutions (MFI) which are in the business of lending to micro/small business entities engaged in manufacturing, trading and services activities.

2] The Bank would partner with state level/regional level co-ordinators to provide finance to Last Mile Financer of small/micro business enterprises.

Which of the above statements is/are incorrect?


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What happened to the microfinance organization Kiva?Microfinance and its Benefits - Angel One5 Truths about Microfinance5 Biggest Microfinance Companies
Which of the following is the first micro finance company to start operation as a commercial bank? (2024)
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