NABARD has sanctioned.....in the first quarter of the current fiscal under the Rural Infrastructure Development Fund (RIDF) for West Bengal for facilitating the execution of 86 projects.

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

NABARD has sanctioned____in the first quarter of the current fiscal under the Rural Infrastructure Development Fund (RIDF) for West Bengal for facilitating the execution of 86 projects.

A	Rs 735.53 crore
B	Rs 135.20 crore
C	Rs 514.27 crore
D	Rs 1732.81 crore

Explanation:

Detailed explanation-1: -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-2: -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-3: -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.

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