NABARD Current Affairs, GK & News

Merger of DCCBs with StCBs

Reserve Bank of India will consider merger of District Central Co-operative Banks (DCCBs) with State Cooperative Banks (StCBs) if the concerned state government will make any proposal. Highlights RBI has notified the guidelines for merging DCCBs with StCBs as two-tier Short-term Co-operative Credit Structure (STCCS). Banking Regulation (Amendment) Act, 2020 has also been notified in ..

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India’s first Agriculture Export Facilitation Centre set up at Pune

The Maharashtra Chamber of Commerce Industries and Agriculture and NABARD (National Bank for Agriculture and Rural Development) recently launched the first Agricultural Export Facilitation Centre. About the Centre The Centre will aid in boosting the agricultural and food exports of the state of Maharashtra. The centre will act as a one-stop shop to export agricultural ..

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Rural Infrastructure Development Fund

The National Bank for Agriculture and Rural Development (NABARD) recently announced that it provided Rs 1,236 crores to Assam in 2020-21 from its Rural Infrastructure Development Fund (RIDF). What is RIDF? It was created in 1995-96 with an initial corpus of Rs 2,000 crores. In 2020-21, Rs 29,848 crores was allocated to RIDF. With this ..

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

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?

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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