NABARD launched Refinance Scheme for WASH Programme

October 03, 2020
Current Context: NABARD (National Bank for Agriculture and Rural Development) launched refinance scheme for the WASH (Water, Sanitation and Hygiene) programme.
NABARD launched Refinance Scheme for WASH Programme
  • The special refinance facility of Rs 800 crore for FY 2020-21 has been sanctioned by NABARD for WASH programme. 
  • NABARD offers concessional refinance facilities to financial institutions like RRBs, commercial banks and cooperative banks with the repayment period of upto 36 months. 
  • This support of NABARD will be transferred to fund the WASH activities, thrust area eligible for 95% refinance. 
  • This refinance support will also be extended to NBFCs and MFIs.
  • Static Part: 
    • HQ of NABARD: Mumbai
    • Chairman of NABARD: G R Chintala

Question: 

Q.1 The special refinance facility of Rs ____ for FY 2020-21 has been sanctioned by NABARD for WASH programme? 
a. Rs 700 crore
b. Rs 400 crore
c. Rs 600 crore 
d. Rs 800 crore

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