CURRENT AFFAIRS

Detailed explanation-1: -The government also told Nabard to disburse Rs 21, 000 crore to cash-starved farmers, helping them sow winter crops like wheat.

Detailed explanation-2: -NABARD-National Bank For Agriculture And Rural Development. The Government of India encourages farmers in taking up projects in select areas by subsidizing a portion of the total project cost. All these projects aim at enhancing capital investment, sustained income flow and employment areas of national importance.

Detailed explanation-3: -10, 000 to Rs. 50, 000 has been provided to marginal farmers (as Flexi KCC) based on the land holding and crops grown including post harvest warehouse storage related credit needs and other farm expenses, consumption needs, etc., plus small term loan investments without relating it to the value of land.

Detailed explanation-4: -Government of India created the RIDF in NABARD in 1995-96, with an initial corpus of Rs. 2, 000 crore.

Detailed explanation-5: -NABARD provides medium-term credit limits for conversion of short-term crop loans advanced for financing seasonal agricultural operations (SAO) to State Co-operative Banks and Regional Rural Banks for providing relief to the farmers whose crops have been damaged due to natural calamities.