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.
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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