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NABARD Granted Rs 1236 crore to Assam

Published on May 16, 2021
Current Context: The National Bank for Agriculture and Rural Development (NABARD) has granted Rs 1,236 crores to Assam for FY2020-21.
NABARD Granted Rs 1236 crore to Assam
  • The amount was granted from NABARD’s Rural Infrastructure Development Fund (RIDF).
  • The funds will be used for the rural connectivity projects in Assam.
  • The improvement in the rural connectivity will lead to improving sustainable agricultural practices and will also double the farmer's income.
  • Also, NABARD has sanctioned funds of Rs 1150 crore for FY2020-21 under RIDF XXVI to Assam for creating new infrastructure projects.
  • To solve the liquidity constraints faced by financial institutions in rural areas of the state, NABARD has allotted Rs 272 crore to Assam Gramin Vikas Bank and Assam Cooperative Apex Bank Ltd.
  • NABARD has granted Rs 1.40 crore for 13 farm sector projects, Rs 85 lakhs for 36 skill development programs, and Rs 85 lakhs for establishing 8 rural Haats.
  • Static Part: 
    • HQ of NABARD: Mumbai
    • Chairman of NABARD: Govinda Rajulu Chintla
    • Lakes in Assam: Chandubi Lake, Chapanala Lake, Haflong Lake, Son Beel Lake


Q.1 In May 2021, NABARD granted Rs ___ to Assam under its Rural Infrastructure Development Fund (RIDF) to improve rural connectivity projects in the state?
a. Rs 1236 crore
b. Rs 1140 crore
c. Rs 1345 crore
d. Rs 1275 crore
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