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NABARD signs 3 MoU with SBI

Published on October 10, 2020
Current Context: The National Bank for Agriculture and Rural Development (NABARD) has signed three MoUs with the State Bank of India (SBI). 
NABARD signs 3 MoU with SBI
  • The MoU is signed to extend credit support for NABARD Projects.
  • SBI will offer credit support for NABARD projects. The MoU was signed to offer finance for joint liability group, SHG ,Farmers Producers Organisations (FPOs) and Watershed development projects. 
  • Credit support will be offered to different sections of society including the priority sector.
  • Static Part: 
    • HQ of NABARD: Mumbai
    • Chairman of NABARD: G R Chintala
    • HQ of SBI: Mumbai
    • Chairman of SBI: Dinesh Kumar Khara


Q.1 With which finance institute, NABARD has signed MoU for the purpose of extending credit support for NABARD projects?
a. Indian Bank
b. Bank of Baroda
c. Karnataka Bank
d. SBI

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