BANKING GENERAL KNOWLEDGE
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Question
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NABARD has sanctioned a loan assistance of Rs 1, 349.55 crore to the Rajasthan government for the creation of rural infrastructure in the state under the RIDF. RIDF stands for
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Rural Industrial Development Fund
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Rural Infrastructure Depend Forum
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Rural Investment Development Fund
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Rural Infrastructure Development Fund
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Explanation:
Detailed explanation-1: -Government of India created the RIDF in NABARD in 1995-96, with an initial corpus of Rs. 2, 000 crore. With the allocation of Rs40, 001.98 crore for 2022-23 under RIDF XXVIII, the cumulative allocation has reached Rs.
Detailed explanation-2: -Integrated Loan Scheme (ILS) Under this scheme, refinance is given to block capital and working capital for one operating cycle. Maximum refinance available is Rs. 15 lacs per borrower.
Detailed explanation-3: -3.54 The RIDF was set up by the Government in 1995-96 for financing ongoing rural Infrastructure projects. The Fund is maintained by the National Bank for Agriculture and Rural Development (NABARD).
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