NABARD inks 3 MoUs with SBI to extend credit support for various projects
National
- The National Bank for Agriculture and Rural Development -NABARD has inked three Memoranda of Understanding with Public Sector Bank- State Bank of India to extend credit support for various projects.
- The signing of MoUs took place between D. K. Mishra, Chief General Manager of NABARD in Gujarat and Dukhbandhu Rath, Chief General Manager, SBI Ahmedabad Circle in the presence of NABARD Chairman G. R. Chintala.
- The MoUs were signed for financing joint liability groups and Self-Help Groups-support credit inflows to Farmer Producers’ Organizations and economic support for watershed development projects.
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)