Consider the following statement (s) is/are related to the MUDRA Yojna.
I. It has been initially formed as a wholly owned subsidiary of Small Industries Development bank of India (SIDBI) with 100% capital being contributed by it.

II. According to this joyna, loan is issued through Mudra credit card with a pre-assigned credit limit and the repayment tenure is as high as 7 years. Code:

A Only I

B Only II

C Both I and II

D Neither I nor II

Answer & Explanation
Answer: Both I and II