GENERAL KNOWLEDGE

GK

INDIAN ECONOMY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following organisation looks after the credit needs of agriculture and rural development in India.
A
FCI
B
IDBI
C
NABARD
D
ICAR
Explanation: 

Detailed explanation-1: -NABARD-National Bank For Agriculture And Rural Development.

Detailed explanation-2: -NABARD (National Bank for Agriculture and Rural Development) NABARD was established on July 12, 1982, as an apex body for the integration of rural India.

Detailed explanation-3: -1. 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.

Detailed explanation-4: -Integrated Loan Scheme (ILS) Under this scheme, refinance is given to block capital and working capital for one operating cycle. Maximum refinance available is Rs. 15 lacs per borrower.

There is 1 question to complete.