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BoM signed MoU with NABARD

Published on July 18, 2021
Current Context: The Bank of Maharashtra (BoM) signed MoU with National Bank for Agriculture & Rural Development (NABARD).
BoM signed MoU with NABARD
  • The MoU was signed to enhance developmental initiatives associated with priority sector lending in Maharashtra.
  • Both the entities will execute initiatives that will benefit farmers, farmer producer organisations, joint liability groups, self-help groups, rural artisans, weavers, Agri start-ups, MSMEs of the state.
  • The BoM with the help of NABARD will work in rural areas of the state to enhance PSL linked developmental activities.
  • BoM is the convener of the State Level Bankers’ Committee (SLBC) for Maharashtra.
  • Static Part: 
    • HQ of BoM: Pune, Maharashtra
    • MD and CEO of BoM: A S Rajeev
    • Tagline of BoM: One Family One Bank

Question: 

Q.1 Which bank signed MoU with NABARD to enhance developmental initiatives associated to priority sector lending in Maharashtra?
a. Punjab National Bank
b. Bank of Baroda
c. Bank of Maharashtra
d. State Bank of India

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