NABARD administers a fund called Rural infrastructure Development Fund (RIDF). What is the major source of its funding?
NABARD administers a fund called Rural infrastructure Development Fund (RIDF). What is the major source of its funding?
[A]Penalties levied on domestic commercial banks who fail to meet PSL targets
[B]Penalties levied on foreign banks (with less than 20 branches) who fail to meet PSL targets
[C]Penalties levied on Central Government who fail to meet PSL targets
[D]None of the above
Penalties levied on domestic commercial banks who fail to meet PSL targets
The penalties levied on domestic commercial banks who fail to meet PSL targets is the major source of Rural infrastructure Development Fund (RIDF) funding. It is administered by NABARD.