Correct Answer: (1) Micro Units and Development Refinance Agency Ltd.
Solution:Micro Units Development and Refinance Agency Ltd. is a financial institution being set up by the Government of India under Pradhan Mantri Mudra Yojana (PMMY) for development and refinancing micro unit enterprises.- It was announced by the Finance Minister while presenting the Union Budget for 2015-16.
- The purpose of MUDRA is to provide funding to the noncorporate small business sector through various last mile financial institutions like banks, nonbanking financial institutions (NBFC) and micro finance institutions (MFI).