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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

Question: 

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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