2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SEBI
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NABARD
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SIDBI
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MANREGA
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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: -The National Bank for Agriculture and Rural Development has sanctioned financial assistance of Rs 4, 013 crore to Odisha, the highest in the country, for critical rural infrastructure development under the Rural Infrastructure Development Fund during 2021-22.
Detailed explanation-3: -Government of India created the RIDF in NABARD in 1995-96, with an initial corpus of Rs. 2, 000 crore. With the allocation of Rs40, 001.98 crore for 2022-23 under RIDF XXVIII, the cumulative allocation has reached Rs. 4, 58, 410.71 crore, including Rs.
Detailed explanation-4: -The scope of RIDF has been widened to include activities such as rural drinking water schemes, soil conservation, rural market yards, rural health centres and primary schools, mini hydel plants, shishu shiksha kendras, anganwadis, and system improvement in the power sector.
Detailed explanation-5: -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).