2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs 170 crore
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Rs 270 crore
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Rs 370 crore
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Rs 470 crore
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Detailed explanation-1: -For FY 2022-23 to 2023-24: IS of 1.5% will be payable to Cooperative Bank, RRBs, SFBs, Commercial Banks on their own funds used for Short Term loans for agriculture and allied activities including animal husbandry, dairy, fisheries, bee keeping etc., provided the banks lend at 7%.
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: -Short-term Refinance (ST) NABARD provides Co-operative Banks and Regional Rural Banks loans and advances, repayable on demand or on the expiry of fixed periods not exceeding 12 months, by way of refinance for production, marketing and procurement activities.
Detailed explanation-4: -Subansiri Gaonlia Bank (Estd. 30-03-1982).