NABARD: Current Affairs, GK & News - 2020-2021

GoI releases Rs 3,971 crores for micro-irrigation projects

Published: November 21, 2020

On November 20, 2020, Government of India sanctioned a loan of 3,971 crores of rupees for micro irrigation projects in Tamil Nadu. This is one of the biggest loans being sanctioned for the state of Tamil Nadu. The loan has been sanctioned at subsidised interest rate under micro irrigation fund. The micro irrigation fund was ..

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What is the function of NABARD? What is its Credit guarantee scheme for NBFC-MFIs?

Published: August 26, 2020

The National Bank for Agriculture and Rural Development (NABARD) announced the introduction of a dedicated debt and credit guarantee scheme for non-banking financial companies and microfinance institutions to make sure the abundant flow of credit in COVID-19  affected rural areas. Functions of NABARD National Bank for Agriculture and Rural Development is the apex development finance ..

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Highlights: Loans sanctioned under PM SVANIDHI scheme crosses 1 lakh

Published: August 13, 2020

The micro-credit scheme of the government, PM Street Vendor’s Atmanirbhar Nidhi (PM SVANIDHI) to support the street vendors to meet their working capital requirements to tide over financial woes during the pandemic, has become quite popular in the country. Details Within 41 days of the implementation of the scheme, the number of loan sanctions and ..

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Rs 795 Cr Sanctioned by NABARD for Re-Construction of Infra in West Bengal

Published: July 16, 2020

The National Bank for Agriculture and Rural Development has decided to sanction Rs 795 Crores for the re-construction of infrastructure in West Bengal, necessitated due to the recent devastation of the recent cyclone, Amphan. The State Government requested for Rs 1028 Crores from NABARD for this work as part of the Rural Infrastructure Development Fund ..

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FactsBox: Odisha Balaram Yojana

Published: July 7, 2020

The Odisha Government recently launched Balaram Yojana to provide crop loans to landless farmers. The new scheme will help landless cultivators get loan through joint liability groups. Key Features The scheme has set target to provide farm loans to 7 lakh landless farmers in next two years. The Institute of Management of Agricultural Extension (IMAGE) ..

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