2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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300
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500
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450
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380
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Detailed explanation-1: -At present the authorised capital of Nabard is Rs5,000 crore and there is a proposal to increase it to Rs30,000 crore.
Detailed explanation-2: -Indira Gandhi on 05 November 1982. Set up with an initial capital of Rs.100 crore, its’ paid up capital stood at Rs.17,080 crore as on 31 March 2022. Consequent to the revision in the composition of share capital between Government of India and RBI, NABARD today is fully owned by Government of India.
Detailed explanation-3: -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-4: -The programme has empowered 112.23 lakh Self Help Groups (SHGs) and 13.5 crore rural households in India as on 31 March 2021. Nearly 28.87 lakh SHGs availed credit support of ₹58070 crore from various banks during 2020-21, at an average of ₹2.01 lakh per SHG.