NABARD and SBI sign MoU to extend concessional refinance facility to the beneficiaries of watershed development and tribal development projects
National
- The Karnataka regional office of NABARD and State Bank of India have signed an MoU to extend concessional refinance facility to the beneficiaries of watershed development and tribal development projects.
- The Chairman and Managing Director of NABARD Niraj Kumar Verma and Chief General Manager of State Bank of India Abhijit Majumdar signed the MoU in Bengaluru.
- The MoU aims to benefit 45000 beneficiaries from 260 Farmers Producers Organisations in 28 districts.
Source: AIR
Related General Knowledge
National Bank for Agriculture and Rural Development
- National Bank for Agriculture and Rural Development is an Apex Development Financial Institution in India.
- The Bank has been entrusted with "matters concerning Policy Planning and Operations in the field of credit for Agriculture and other Economic activities in Rural areas in India".
- Founded: 12 July 1982
- Headquarters: Mumbai
- Agency executive: Shri G R Chintala (Chairperson)