NABARD sign MoU with SBI and JKGB

August 13, 2021
Current Context: The NABARD (National Bank for Agriculture and Rural Development) signed MoU with State Bank of India (SBI) and Jammu and Kashmir Gramin Bank (JKGB) in the UT of J&K and Ladakh.
NABARD sign MoU with SBI and JKGB
  • The MoU was signed to offer financial assistance to 1000 Joint Liability Group (JLGs).
  • The MoU will allow support of credit to tenant farmers, oral lessees, sharecroppers, SF/MF etc. who at times are not having proper title to their landholding.
  • The formation of JLGs will prove beneficial to those who are suffering due to reverse migration due to the pandemic COVID-19.
  • 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 bank has NABARD signed MoU to offer financial assistance to 1000 Joint Liability Group (JLGs)?
a. SBI
b. Karnataka Bank
c. Jammu and Kashmir Gramin Bank
d. Both (b) and (c)
e. Both (a) and (c)

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