GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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NABARD
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Reserve Bank of India
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Ministry of Rural Development
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Selected group of Public Sector Banks
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Detailed explanation-1: -The Fund is maintained by the National Bank for Agriculture and Rural Development (NABARD). Domestic commercial banks contribute to the Fund to the extent of their shortfall in stipulated priority sector lending to agriculture.
Detailed explanation-2: -(i) Long Term Irrigation Fund (LTIF) Under LTIF, NABARD has provided loan towards Central share as well as State share. Loan towards Central share has been extended to NWDA, a SPV of GoI whereas the State share has been extended to participating State Governments.
Detailed explanation-3: -NABARD is a Development Bank with a mandate for providing and regulating credit for the development of agriculture, small-scale industries, cottage and village industries, handicrafts and other allied economic activities in rural areas to promote prosperity of rural areas.