BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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RBI
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IDBI
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SIDBI
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NABARD
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Detailed explanation-1: -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-2: -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, 001.98 crore for 2022-23 under RIDF XXVIII, the cumulative allocation has reached Rs. 4, 58, 410.71 crore, including Rs.
Detailed explanation-3: -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.