CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In September 2020, National Bank for Agriculture and Rural Development (NABARD) gave in-principle sanction worth how much amount of proposals received from agri-credit societies in 22 states?
A
Rs 1, 487 crore
B
Rs 1, 568 crore
C
Rs 1, 832 crore
D
Rs 1, 905 crore
Explanation: 

Detailed explanation-1: -The National Bank for Agriculture and Rural Development (NABARD) has given in-principle sanction for Rs 1, 568 crore worth of proposals received from agri-credit societies in 22 states under the recently launched Rs 1 lakh crore Agri Infrastructure Fund, the Parliament was informed on Tuesday.

Detailed explanation-2: -The agriculture credit flow for the year 2020-21 stood at Rs 15, 75, 398 crore against the target of Rs 15, 00, 000 crore for the year, said The Economic Survey 2022-23. The agriculture credit flow target for 2021-22 has been fixed at Rs 16, 50, 000 crore, it added.

Detailed explanation-3: -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-4: -Automatic Refinance Scheme (ARF)

Detailed explanation-5: -Rural Employment Generation Programme (REGP)

There is 1 question to complete.