BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Agriculture Insurance Company was launched with the help of
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RBI
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SIDBI
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NABARD
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ECGC
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Explanation:
Detailed explanation-1: -The initial paid-up capital was Rs 200 crores, which was subscribed by promoting companies-General Insurance Corporation of India, NABARD, and the four public sector general insurance companies viz National Insurance Co Ltd, Oritental Insurance Co Ltd, New India Assurance Co Ltd and United India Insurance Co Ltd.
Detailed explanation-2: -National Agricultural Insurance Scheme (NAIS): To enlarge the coverage in terms of farmers (loanee and non-loanee both), more crops and more risks, ‘National Agricultural Insurance Scheme (NAIS) – (Rashtriya Krishi Bima Yojana)’ was introduced in Rabi 1999-2000 season in the country.
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