Q.
1
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?
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A
Statement I is correct, but II is incorrect.
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B
Statement II is correct, but I is incorrect.
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C
Both the statements I and II are correct.
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D
Both the statement I and II are incorrect