BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
NABARD
|
|
|
SEBI
|
|
|
SIDBI
|
|
|
RBI
|
Detailed explanation-1: -Government of India created the RIDF in NABARD in 1995-96, with an initial corpus of Rs. 2, 000 crore.
Detailed explanation-2: -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: -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-4: -NABARD takes action towards monitoring, formulating strategies for the rehabilitation schemes, restructuring credit institutions and training personnel, etc., through making an improvement in the credit delivery system’s absorptive capacity and building a strong institution with an aim to achieve the same.