Current Context: NABARD (National Bank of Agriculture and Rural Development) announced that it has disbursed Rs 12,767 crore in a week at an interest rate of 4.8% to state co-op and regional rural banks to further on-lending to farmers.
- The loan is disbursed for a tenor of one year.
- On April 17, Reserve Bank of India has announced a Rs 50,000 crore refinance facility to NABARD, the Small Industries Development Bank of India (SIDBI), and the National Housing Bank (NHB).
- Of this Rs, 50,000 crores refinance, NABARD received Rs 25,000 crore for refinancing RRBs, co-operative banks, and Micro Finance Institutions (MFIs).
- Therefore, NABARD recently disbursed Rs. 12,767 crore for farmers with an aim to relieve tensions on farmers arisen due to lockdown situation amidst of COVID-9 pandemic.
Static Part:
- HQ of NABARD: Mumbai, Maharashtra
- Chairman of NABARD: Harsh Kumar Bhanwala
Question:
Q.1 Which of the following recently disbursed Rs 12,767 crore in a week at an interest rate of 4.8% to state co-op and regional rural banks to further on-lending to farmers.9?
a. NABARD
b. RBI
c. Ministry of Agriculture and Famers Welfare
d. SIDBI
a. NABARD
b. RBI
c. Ministry of Agriculture and Famers Welfare
d. SIDBI
