Regional Rural Banks (RRBs) Current Affairs, GK & News

NABARD releases Rs 20,500 crores of funds for Kharif and pre-monsoon operations

On May 18, 2020, the National Bank of Agriculture and Rural Development (NABARD) released Rs 20,500 crores. The funds will act as front-loading resources to the cooperative banks and the Regional Rural Development Banks (RRBs). Highlights The funds have been released to help farmers in Kharif operations and also in their pre monsoon preparations. Of ..

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Recapitalization of Regional Rural Banks approved by Union Cabinet

The Union Cabinet under the chairmanship of PM Modi on March 25, 2020, approved the recapitalization of regional rural banks (RRB) to improve the capital to risk weighted assets ratio. Highlights The Committee approved the continuation of recapitalization of RRBs. In order to achieve this the GoI has provided a minimum regulatory capital for another, ..

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Union Cabinet approves Interest Subvention on Short-Term Crop Loan to Farmers

The Union cabinet has approved the Interest Subvention Scheme (ISS) for farmers for the year 2017-18. The Government has allocated Rs. 20,339 crore for this scheme. Salient Highlights The objective of the scheme is to make available agricultural credit for Short Term crop loans at an affordable rate. The scheme is expected to boost agricultural productivity and ..

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