CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
NABSanrakshan is a wholly-owned subsidiary of which organisation?
A
RBI
B
NABARD
C
SEBI
D
SIDBI
Explanation: 

Detailed explanation-1: -NABSanrakshan Trustee Private Limited is a wholly owned subsidiary of NABARD with an authorised capital of Rs. 100 crore. NABSanrakshan aims to carry out credit guarantee and related activities towards sustainable and equitable agriculture and rural development.

Detailed explanation-2: -NABCONS (NABARD Consultancy Services), a wholly-owned subsidiary of NABARD was created in 2003 to provide consultancy in all spheres of agriculture, rural development and allied areas.

Detailed explanation-3: -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: -At present the authorised capital of Nabard is Rs 5, 000 crore and there is a proposal to increase it to Rs 30, 000 crore, Gangwar said.

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