NABARD & SBI Sign MoU to Drive Sustainable Growth in Rural Assam

Current Context: On March 30, 2025, NABARD and SBI signed a Memorandum of Understanding (MoU) to foster sustainable growth in rural Assam.

• The initiative focuses on enhancing rural livelihoods, providing institutional support to farmers, artisans, and MSMEs, and improving the credit ecosystem.
• The MoU includes a financial commitment of ₹500 crores for FY 2025–26, with a long-term target of ₹1,000 crores annually in the coming years.
• By combining NABARD's development expertise with SBI's financial capabilities, this partnership aims to promote capacity building, institutional lending, and overall economic stability in rural Assam.

Question:

Q.1 What is the financial commitment outlined in the NABARD & SBI MoU for FY 2025–26?
a) ₹1,000 crores
b) ₹500 crores
c) ₹750 crores
d) ₹1,200 crores

Answer: b) The MoU includes a financial commitment of ₹500 crores for FY 2025–26, with a long-term target of scaling up to ₹1,000 crores annually in subsequent years.