National Bank for Agriculture and Rural Development (NABARD) has sanctioned an amount of Rs 335 crore under the Rural Infrastructure Development Fund (RIDF) to

BANKING GENERAL KNOWLEDGE

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

A	Jharkhand
B	Odisha
C	West Bengal
D	Kerala

Explanation:

Detailed explanation-1: -National Bank for Agriculture and Rural Development (NABARD) has given an unequaled high sum of Rs 1, 236 crore from its Rural Infrastructure Development Fund (RIDF) during the monetary year 2020-21 with Rural Connectivity Projects (Roads and Bridges) as the priority field in the state of Assam.

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: -National Bank for Agriculture and RuralDevelopment (NABARD) was established on 12 July 1982 by an Act of theParliament.

Detailed explanation-4: -ST(Others): Under this scheme, short-term refinance is provided to State Co-operative Banks, Regional Rural Banks and Small Finance Banks, for purposes other than seasonal agricultural operations such as rural marketing, fisheries sector, workingcapital for MSME, social infrastructure projects, etc.

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