Rs 20,500 crore to Co-Op Banks and RRBs –By NABARD

Published on May 20, 2020
Current Context: National Bank for Agriculture and Rural Development has released Rs 20,500 crore to the co-operative banks and Regional Rural Banks for lending process.

Rs 20,500 crore to Co-Op Banks and RRBs –By NABARD
  • The infusion of Rs 20,500 crore is the part special refinance plan assigned by Reserve Bank of India.
  • The special refinance plan is made for co-operative banks and Regional Rural Banks and microfinance institutions.
  • Out of the total Rs 20,500 crore, co-operative bank has received Rs 15,200 crore and RRBs has received Rs 5,300 crore.
  • The funds will help to ensure liquidity in the banks so that banks can provide finance to the farmers to carry out their pre-monsoon activities.

Static Part: 

  • HQ of NABARD: Mumbai
  • Chairman of NABARD: Harsh Kumar Bhanwala

Question: 

Q.1 Recently NABARD infused Rs____ to the co-operative banks and Regional Rural Banks as part special refinance plan assigned by Reserve Bank of India? 
a. Rs 10,500 crore
b. Rs 15,500 crore
c. Rs 30,000 crore
d. Rs 20,500 crore

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