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NABARD sanctioned Rs 1,050 crores to the Farmers and Poor People of West Bengal

Published on June 01, 2020
Current Context: The National Bank for Agriculture and Rural Development (NABARD) has sanctioned an amount of Rs 1,050 crores as a special liquidity facility to the farmers and economically weaker section of West Bengal state.
NABARD sanctioned Rs 1,050 crores to the Farmers and Poor People of West Bengal

  • The amount will help to ensure the continuous credit flow to the farmers in the lockdown situation of COVID-19.
  • Out of the total amount Rs 300 crore has been sanctioned to Micro Finance institutions and Rs 700 crores has been sanctioned to State Co-operative Bank and Rs 50 crore has been sanctioned to RRBs.
  • Static Part: 
    • HQ of NABARD: Mumbai
    • Chairman of NABARD: Govinda Rajulu Chintala
    • CM of West Bengal: Mamata Banerjee
    • Governor of West Bengal: Jagdeep Dhankhar
    • National Parks and Wild Life Sanctuaries in West Bengal: Buxa NP, Gorumara NP, Neora Valley NP, Sunderban NP, Holiday Island WLS, Ramnabagan WLS, Raiganj WLS

Question: 

Q.1 Recently NABARD sanctioned Rs ____ in order to ensure credit flow to the farmers and poor people of West Bengal state?
a. Rs 1,000 crores
b. Rs 1,050 crores
c. Rs 2,500 crores
d. Rs 2,000crores
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