National Bank for Agriculture and Rural Development (NABARD) recently reduced the refinance rates for the banks and other lending agencies by 0.20 percent. The NABARD was established on the recommendation of which committee?

BANKING GENERAL KNOWLEDGE

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

A	Narendran Commission
B	Mukherjee Commission
C	Justice Shah Commission
D	B. Sivaraman Committee

Explanation:

Detailed explanation-1: -The interest rate on refinance from NABARD will be 2.90% p.a. (with quarterly rests), subject to revision by NABARD from time to time. Banks may pass on the benefit to the ultimate borrower. 3.

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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