In March 2025, NABARD signed an MoU with which bank to promote sustainable rural development in Assam?

The correct answer is State Bank of India. In News In March 2025, NABARD and the State Bank of India (SBI) signed a Memorandum of Understanding (MoU) to drive sustainable development and credit outreach in rural Assam. Key Points NABARD and SBI signed the MoU to strengthen rural development in Assam . The partnership has set a target of financing Rs 500 crore in FY26 with plans to scale it to Rs 1,000 crore annually thereafter. The collaboration focuses on enhancing sustainable agricultural and rural financing in the state. Additional Information NABARD (National Bank for Agriculture and Rural Development) Established in 1982 and headquartered in Mumbai, Maharashtra. Focuses on credit support and institutional development in rural India. State Bank of India (SBI) India’s largest public sector bank, headquartered in Mumbai. Plays a pivotal role in rural financing and outreach banking services across the country. Objective of the MoU Enhance credit access in remote areas of Assam. Promote sustainable agriculture and livelihood programs through strategic financing.