BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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For the development of education in rural area
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For the development of health of women and children
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For availability of food grains
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For insuring Prosperity and Progress integrated development of rural areas
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Detailed explanation-1: -Objectives: Supporting capital formation in agriculture and allied activities, thereby promoting growth of Agriculture, AH, Fishery, Forestry etc. sectors. Directing flow of credit for promotion of thrust activities of GoI and NABARD. To meet the credit requirement of JLGs and SHGs.
Detailed explanation-2: -1. NABARD is a Development Bank with a mandate for providing and regulating credit for the development of agriculture, small-scale industries, cottage and village industries, handicrafts and other allied economic activities in rural areas to promote prosperity of rural areas.
Detailed explanation-3: -The main objective of the Fund is to provide loans to State Governments and State-owned corporations to enable them to complete ongoing rural infrastructure projects.
Detailed explanation-4: -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.