BANKING GENERAL KNOWLEDGE
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Question
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Rural India Decoration Forum
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Research and Industrial Development Forum
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Rural Infrastructure Development Fund
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Research and Industrial Development Fund
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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, 000 crore for 2021-22 under RIDF XXVII, the cumulative allocation has reached Rs. 4, 18, 408.73 crore, including Rs.
Detailed explanation-2: -fund (RIDF) 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).
Detailed explanation-3: -The Union Budget for FY 2022-23 has made a budgetary provision of Rs 350 crore (total budget is of Rs 2, 516 crore for five years) for computerisation of 63 thousand PACS.
Detailed explanation-4: -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.