JKSSB Mock Tests

In 2000-01, NABARD instituted Micro Finance Development Fund with a corpus of .

A. ₹245 crores
B. ₹100 crores
C. ₹150 crores
D. ₹ 189 crores
Answer: Option B
Solution (By JKSSB Mock Tests Team)
The Reserve Bank of India and NABARD created the Micro Finance Development Fund (MFDF) in 2000-01 with an initial corpus of ₹100 crores to scale up microfinance interventions.
This Question Belongs to: General knowledge mcqs Economics set 1

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