Correct Answer: Reverse Repo Rate Repo rate is the rate at which RBI lends to its clients generally against government securities. ... ReverseRepo rate is the rate at which RBI borrows money from the commercial banks.
Launched: 8 April 2015Main Objective: Financial support for growth of micro enterprises sector. Pradhan Mantri MUDRA (Micro Units Development and Refinance Agency) Yojana was launched with the purpose to provide funding to the non-corporate small business ...Read more
Launched: 22 January 2015Main Objective: Secure the future of girl child Sukanya Samriddhi Yojana is an ambitious small deposit savings scheme for a girl child. Under the scheme, a saving account can be opened in the name of girl child and deposits can be ...Read more
Launched: 28 August 2014Main Objective: Financial inclusion and access to financial services for all households in the country. Pradhan Mantri Jan Dhan Yojana (PMJDY) is a national mission to bring comprehensive financial inclusion of all the households in...Read more