2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs 22 lakhs
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Rs 44 lakhs
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Rs 33 lakhs
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Rs 55 lakhs
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Detailed explanation-1: -The National Bank for Agriculture and Rural Development (NABARD) has launched development projects in Andaman & Nicobar Islands worth Rs. 44 lakhs. These projects aim at strengthening the concept of Atmanirbhar Bharat through rural entrepreneurship.
Detailed explanation-2: -NABARD provides by way of refinance, loans and advances repayable on demand or on the expiry of fixed period not exceeding 12 months, to Cooperative Banks and Regional Rural Banks for production, marketing and procurement activities.
Detailed explanation-3: -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-4: -It was established during the Sixth Five Year Plan (1980-1985).