2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Securities and Exchange Bank of India
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NBARD
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SIDBI
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ADB
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Detailed explanation-1: -The National Bank for Agriculture and Rural Development (NABARD) has announced a special refinance facility of ₹800 crore for FY21 to support the Government of India’s Water, Sanitisation and Hygiene (WASH) programme.
Detailed explanation-2: -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-3: -Automatic Refinance Scheme (ARF)
Detailed explanation-4: -NABARD came into existence on 12 July 1982 by transferring the agricultural credit functions of RBI and refinance functions of the then Agricultural Refinance and Development Corporation (ARDC).
Detailed explanation-5: -The major functions of NABARD include promotion and development, refinancing, financing, planning, monitoring and supervision.