Statement I:  Mudra is an NBFC supporting development scheme of micro enterprise sector in the country. It provides refinance support to Bank/MFIs for lending to micro units having loan requirement up to Rs. 10 Lakh.

Statement II: Mudra has created different products/schemes for refinancing loans. These interventions have been named ‘Shishu’, ‘Kishore’ and ‘Tarun’ to signify the state of growth/development and funding needs of the beneficiary micro unit/entrepreneur.

Which of the following option is correct?

  • A

    Statement I is correct, but II is incorrect.

  • B

    Statement II is correct, but I is incorrect.

  • C

    Both the statements I and II are correct.


  • D

    Both the statement I and II are incorrect