2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs 1, 500 crores
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Rs 2, 500 crores
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Rs 3, 500 crores
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Rs 2, 000 crores
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Detailed explanation-1: -NABARD provides long-term (LT) loans to State Governments to contribute to the share capital of cooperative credit institutions. This reimbursement-based support is intended to encourage larger lending programmes by these cooperatives to meet the agricultural credit requirements.
Detailed explanation-2: -The Union Budget for FY 2022-23 has made a budgetary provision of Rs 350 crore (total budget is of Rs 2, 516 crore for five years) for computerisation of 63 thousand PACS.
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.