Question

Which bank was the first in india to launch mudra card under pradhan mantri mudra yojana?

Answer 1

Answer:

Corporation Bank

The Pradhan Mantri MUDRA Yojana (PMMY) was launched by PM Narendra Modi on 8 April 2015 under the Pradhan Mantri Jan Dhan Yojana (PMJDY) to ensure credit facility to small entrepreneurs through Micro-Finance Institutions (MFIs). Corporation Bank is one of the oldest banks in India that was founded in 1906.

Answer 2

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Pradhan Mantri MUDRA Yojana (PMMY) aims to fund the unfunded and formalise the informal under non-farm Micro Units in manufacturing, trading and services with affordable credit up to Rs 10 lakh. The bank is the first to launch the MUDRA Card, Corporation Bank said in a statement.