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Pradhan Mantri MUDRA Yojana (PMMY) is a subsidiary of which of the following?

1. Life Insurance Corporation of India
2. Small Industries Development Bank of India
3. Insurance Regulatory and Development Authority
4. Reserve Bank of India

Correct answer: Small Industries Development Bank of India

Solution

PMMY is implemented through MUDRA, which was set up as a subsidiary of SIDBI. SIDBI supports micro, small, and medium enterprises through refinancing and development initiatives.

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