CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which organisation has sanctioned Rs 85 crore RIDF loan to Goa government?
A
NABARD
B
SEBI
C
SIDBI
D
MANREGA
Explanation: 

Detailed explanation-1: -NABARD has sanctioned loans worth INR 85.04 crore under Rural Infrastructure Development Fund (RIDF) to the Government of Goa for various Social Infrastructure Projects in the State.

Detailed explanation-2: -3.54 The RIDF was set up by the Government in 1995-96 for financing ongoing rural Infrastructure projects. The Fund is maintained by the National Bank for Agriculture and Rural Development (NABARD).

Detailed explanation-3: -Objectives of RIDF NABARD also gives financial level assistance to State Governments from RIDF for more than 30 activities. Some commercial banks also help in funding to a certain period of time.

Detailed explanation-4: -RIDF Tranche I was placed with NABARD during 1995-96 with an allocation of Rs. 2, 000 crore. The annual corpus has now reached to Rs. 40, 001.98 crores under RIDF XXVIII (2022-23).

There is 1 question to complete.