2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1949
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1965
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1981
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2005
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Detailed explanation-1: -It was established on 12th July. 1982 in sixth five year plan by a special act by the parliament and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture and rural non-farm sector.
Detailed explanation-2: -RURAL INFRASTRUCTURE DEVELOPMENT FUND 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, 000 crore for 2021-22 under RIDF XXVII, the cumulative allocation has reached Rs. 4, 18, 408.73 crore, including Rs.18, 500 crore under Bharat Nirman.
Detailed explanation-3: -The ultimate interest rate to be charged from PACS will not be more than 1% over and above the interest rate charged by NABARD and will be shared by StCB & CCB as per the mutually agreed terms. Repayment period of refinance will be up to 7 years.
Detailed explanation-4: -NABARD was established on the recommendations of B. Sivaramman Committee (by Act 61, 1981 of Parliament) on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981.