Recently, National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 26.06 crore for which state government

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Punjab
B	Gujarat
C	Maharashtra
D	Haryana

Explanation:

Detailed explanation-1: -The National Bank for Agriculture and Rural Development (NABARD) was established in 1982. RBI had sold its stake and now the Government of India (GOI) has 99 percent in it. It was established to provide credit for the promotion of the agriculture, SSI and Cottage and village industry.

Detailed explanation-2: -Long-term loans to State Government. NABARD provides long-term (LT) loans to State Governments to contribute to the share capital of cooperative credit institutions. This reimbursement-based support is intended to encourage larger lending programmes by these cooperatives to meet the agricultural credit requirements.

Detailed explanation-3: -Integrated Loan Scheme (ILS) Under this scheme, refinance is given to block capital and working capital for one operating cycle. Maximum refinance available is Rs. 15 lacs per borrower.

There is 1 question to complete.