Which of the following Organization has will provide a grant of Rs 228 crore for deployment of point of sale machines and procurement of EMV based debit cards for farmers.

2016

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

A	RBI
B	World Bank
C	SBI
D	NABARD

Explanation:

Detailed explanation-1: -In order to encourage cashless payment modes in rural parts of the country, Nabard today said it will provide a grant of Rs 228 crore for deployment of point of sale machines and procurement of EMV based debit cards for farmers.

Detailed explanation-2: -NABARD IN NEWS In a bid to provide term loan for agricultural needs of the farmers, Indian banks introduced Kisan Credit Card (KCC) scheme in August 1998. The model of KCC scheme was prepared by NABARD (National Bank for Agriculture and Rural Development) that met the recommendations of RV Gupta Committee.

Detailed explanation-3: -The various schemes formulated over the years have been categorized into five distinct and compact schemes.

Detailed explanation-4: -GSS – Enduring end-use of released subsidies. Agri-clinic central schemes. Agribusiness central schemes. Capital investment subsidy scheme for commercial production units for biological inputs and organic inputs.

Detailed explanation-5: -Shri Shaji K V assumed charge as Chairman of National Bank for Agriculture and Rural Development (NABARD) on 7th December 2022.

There is 1 question to complete.