Saturday, 3 October 2020
The National Bank for Agriculture and Rural Development (NABARD) has introduced a particular refinance facility of Rs 800 crore for Fiscal Year 2021. With this, NABARD will help the Government of India’s Water, Sanitisation and Hygiene (WASH) programme.
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NABARD will present concessional refinance to all eligible monetary establishments together with industrial banks, regional rural banks and cooperative banks with a reimbursement interval of as much as 36 months. The help might be channelised to fund WASH actions, a thrust space eligible for 95% refinance. The financial institution credit score may even be prolonged to NBFCs-MFIs and different MFIs (Societies, Trusts).
Important takeaways for all aggressive exams:
- Chairman of National Bank for Agriculture and Rural Development: G R Chintala.
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