IBPS RRBs Officer Scale I and II 12 Se 2015 Paper

(5) Micro Unit Development and Refinance Agency (MUDRA) will have an initial corpus of Rs 20,000 crore and a credit guarantee corpus of Rs 3,000 crore. The initial corpus would be provided by banks from their priority sector lending shortfall. Prime Minister Narendra Modi, on 8 April 2015, launched MUDRA to fund and promote microfinance institutions (MFIs).