![PSB & WDRA signed MoU to offer Low-Interest Rate to Farmers PSB & WDRA signed MoU to offer Low-Interest Rate to Farmers](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKPPxZABLa2O0Uzg3IK0lzwUqt7NfX8RbQY7x7lYnWC5MKTqV8pePw6i93yLShGfXAno6v9sx83MrDqht3s6Fr_GVYLp7QpE8YnPXLwpOK0yOLiPgh0uoNyVqMrEjIWDrwEVym4ijNGdGAQ8Kg_hfNHo6mXDvbQec4uglO1PZHoksN_1EpdamvPuIIk2ks/w320-h192-rw/Copy%20of%20Copy%20of%20Copy%20of%20Untitled%20(500%20%C3%97%20300%20px)%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(16).png)
- Under this MoU, PSB is offering loans against electronic Negotiable Warehouse Receipts (e-NWRs) with no requirement for collateral and at attractive interest rates.
- This initiative is aimed at improving agricultural pledge finance in India.
- Farmers can avail loans of up to Rs. 75 lakh, while borrowers from other categories can access loans of up to Rs. 5 crores under the agriculture sector.
- This is a significant step towards supporting farmers and traders, and improving rural credit in India.
Question:
Q.1 Who signed a Memorandum of Understanding (MoU) to facilitate low interest rate loans to farmers?a. Reserve Bank of India and Punjab National Bank
b. Warehousing Development Regulatory Authority (WDRA) and Punjab & Sind Bank (PSB)
c. Agricultural Insurance Company of India Limited and State Bank of India
d. Food Corporation of India and HDFC Bank