CURRENT AFFAIRS

2018

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

How many crores did NABARD sanctions for Odisha’s agriculture and rural infrastructural development?

A	10, 000
B	5, 000
C	4, 500
D	2, 800

Explanation:

Detailed explanation-1: -The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 220.50 crore to the Odisha government under Rural Infrastructure Development Fund (RIDF), officials said on Wednesday.

Detailed explanation-2: -NABARD is a Development Bank with a mandate for providing and regulating credit for the development of agriculture, small-scale industries, cottage and village industries, handicrafts and other allied economic activities in rural areas to promote prosperity of rural areas.

Detailed explanation-3: -The total sanction has crossed Rs 32, 100 crore for Odisha since the inception of the RIDF, the release added.

Detailed explanation-4: -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.

There is 1 question to complete.