NABARD has conferred the best performance award for 2015-16 and 2016-17 to.....for its work in the field of credit-linking joint liability groups (JLGs).

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

NABARD has conferred the ‘best performance award’ for 2015-16 and 2016-17 to____for its work in the field of credit-linking joint liability groups (JLGs).

A	Uttarakhand Gramin Bank (UGB)
B	Madhyanchal Gramin Bank (MGB)
C	Karnataka Vikas Grameen Bank (KVGB)
D	Madhya Bihar Gramin Bank (MBGB)

Explanation:

Detailed explanation-1: -National Bank for Agriculture and Rural Development (Nabard) has conferred the ‘best performance award’ for 2015-16 and 2016-17 to Karnataka Vikas Grameen Bank (KVGB) for its work in the field of credit-linking joint liability groups (JLGs).

Detailed explanation-2: -The correct answer is HDFC Bank.

Detailed explanation-3: -NABARD is an apex body which provides refinance assistance for agriculture, promoting rural development activities.

Detailed explanation-4: -Rural Infrastructure Development Fund (RIDF) A major policy initiative for rural infrastructure development has been the setting up of RIDF in NABARD in 1995 for financing rural infrastructure projects. RIDF was set up to fund infrastructure projects in States, which are incomplete due to lack of financial resources.

Detailed explanation-5: -Automatic Refinance Scheme (ARF)

There is 1 question to complete.