CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The National Bank for Agriculture and Rural Development (NABARD) has disbursed Rs 2.51 crore of grant assistance to Self Help Groups (SHGs) for promotion, skill development and digitisation of records in which state?
A
Andhra Pradesh
B
Maharashtra
C
Karnataka
D
Tamil Nadu
E
Madhya Pradesh
Explanation: 

Detailed explanation-1: -Automatic Refinance Scheme (ARF)

Detailed explanation-2: -Self Help Group – Bank Linkage Programme (SHG-BLP) What started as a pilot to link around 500 SHGs of poor to the formal financial institutions during the year 1992-93 has now become the largest microfinance programme in the world, in terms of the client base and outreach.

Detailed explanation-3: -National Bank for Agriculture and RuralDevelopment (NABARD) was established on 12 July 1982 by an Act of theParliament.

Detailed explanation-4: -The correct answer is Facilitating credit flow for the promotion and development of agriculture.

There is 1 question to complete.