CURRENT AFFAIRS

Detailed explanation-1: -National Bank for Agriculture and Rural Development (NABARD) has given an unequaled high sum of Rs 1, 236 crore from its Rural Infrastructure Development Fund (RIDF) during the monetary year 2020-21 with Rural Connectivity Projects (Roads and Bridges) as the priority field in the state of Assam.

Detailed explanation-2: -Allocation in Union Budget 2022-23 In 2022-23, the Department of Rural Development has been allocated Rs 1, 35, 944 crore, which is an 11% decrease from the revised estimates of 2021-22. The Department of Land Resources has been allocated Rs 2, 259 crore, which is a 52% increase over the revised estimates of 2021-22.

Detailed explanation-3: -Indira Gandhi on 05 November 1982. Set up with an initial capital of Rs.100 crore, its’ paid up capital stood at Rs.17, 080 crore as on 31 March 2022. Consequent to the revision in the composition of share capital between Government of India and RBI, NABARD today is fully owned by Government of India.

Detailed explanation-4: -The total sanction has crossed Rs 32, 100 crore for Odisha since the inception of the RIDF, the release added.

Detailed explanation-5: -This was introduced as part of the NABARD loans to provide funding for a total of 99 irrigation projects with the disbursal of a loan amount of Rs. 20, 000 Crores.