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NABARD Provides Rs 270 Crore to AGVB Bank

Published on June 08, 2020
Current Context: National Bank for Agriculture and Rural Development (NABARD) has allocated a special liquidity fund of Rs 270 crore to Assam Gramin Vikash Bank (AGVB).
NABARD Provides Rs 270 Crore to AGVB Bank
  • The fund has been allocated in the view of COVID-19 pandemic in order to support farmers to carry out their agricultural activities.
  • NABARD has facilitated a financial liquidity support of Rs 25,000 crore to all the Co-operative Banks, RRBs and MFIs in order to ensure credit flow to the famers and rural India in this pandemic situation of COVID-19.
  • Static Part: 
    • HQ of NABARD: Mumbai
    • Chairman of NABARD: G R Chintala


Q.1 Recently NABARD has facilitated a SLF of Rs 270 crore to which of the following rural bank?
a. Bangiya Gramin Vikash Bank
b. Kerala Gramin Bank
c. Assam Gramin Vikash Bank
d. Mizoram Rural Bank
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