Question 4560
To which among the following banks has NABARD provided Rs. 270 crore Special Liquidity Facility for agricultural activities? (June)
Answer
Assam Gramin Vikash Bank
Why?
Correct Answer-Option 5- Assam Gramin Vikash Bank NABARD has provided Rs. 270 crore Special Liquidity Facility to Assam Gramin Vikash Bank for agricultural activities. NABARD-National Bank for Agriculture and Rural Development This provision is made because farmers have suffered a lot in this pandemic.The agricultural and allied activities are badly hampered. This Special Liquidity Facility would help farmers in crop production. The Reserve Bank of India announced a Rs 50,000 crore refinance facility for 3 All-India Financial Institutions-NABARD, SIDBI, and NHB. NABARD received Rs 25,000 crore to refinance Regional Rural Banks, co-operative banks, and Microfinance Institutions to ensure credit flow to farmers for agricultural operations during COVID-19 pandemic. Out of this, NABARD has disbursed Rs 12,767 crores to State(Co-op) Banks and RRBs. NABARD Chairman- Govinda Rajulu Chintala
