CURRENT AFFAIRS

Detailed explanation-1: -JAMMU: Aligning with its vision and mission for fostering rural prosperity, the National Bank for Agriculture and Rural Development (NABARD) has enhanced support to various sectors of rural economy for sustainable growth and development of Union Territories of Jammu & Kashmir and Ladakh during 2021-22.

Detailed explanation-2: -Rural Infrastructure Development Fund (RIDF) A major policy initiative for rural infrastructure development has been the setting up of RIDF in NABARD in 1995 for financing rural infrastructure projects. RIDF was set up to fund infrastructure projects in States, which are incomplete due to lack of financial resources.

Detailed explanation-3: -As on 31 December 2022, NABARD has sanctioned term loan of ₹ 1860.28 crore to State Govt. of Tamil Nadu for 28 fishery infrastructure proposals, State Govt. of Goa for 1 fishery infrastructure proposal, State Govt. of West Bengal for 3 fishery infrastructure proposals, State Govt.