NABARD signed MoU with SBI

Published on December 05, 2020
Current Context: The Karnataka Regional Office of NABARD has signed MoU with SBI to take up intervention projects in Karnataka.
NABARD signed MoU with SBI
  • Both NABARD and SBI will provide finance facility for watershed development projects and tribal development projects.
  • The MoU will be beneficial to around 45000 people from 260 FPOs in 28 districts of Karnataka and to 8500 beneficiaries from SHGs. 
  • SBI will implement an agency which will digitize the SHGs and upload their data on E-Shakti Portal of state government.
  • Each branch of SBI will offer finance to Joint liability groups and SHGs annually. 
  • Static Part: Lakes in Karnataka: Agara Lake, Bellandur Lake, Byrasandra Lake, Hebbal Lake, Kempambudhi Lake, Lalbagh Lake, Madiwala Lake, Puttenahalli Lake, Sankey Lake, Ulsoor Lake, Dalavai Lake, Devanoor Lake, Karanji Lake, Kukkarahalli lake, Lingambudhi Lake, Honnamana Kere, Pampa Sarovar.

Question: 

Q.1 With whom Karnataka Regional Office of NABARD has signed MoU to take up intervention projects in Karnataka?
a. Karnataka Bank
b. SBI
c. ICICI Bank
d. Kotak Mahindra Bank
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